Insights

 

FX Daily
November 24, 2014 Posted by
The week starts with the yen dropping to a new 7-yr low versus the USD as global central banks are seen adding to their monetary stimulus programs, further dampening demand for low-yielding “safe haven” currencies like JPY.  Japan’s markets were closed today for a public holiday, but the yen has now weakened over 7% in the past month.
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FX Daily
November 21, 2014 Posted by
The EUR is dramatically lower (weaker) as ECB President Draghi made a statement that the central bank would broaden asset purchases (QE) if the region’s inflation outlook continues to slide.  The market is now looking to the ECB delivering something substantial at its December meeting.
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FX Daily
November 20, 2014 Posted by
The USD is somewhat flat vs. the majors (ex JPY) on limited news o/n.  The yen is again weaker today, touching 119.00 in Asia time, but settling down to its current 118.00 level.
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FX Outlook
November 19, 2014 Posted by
The markets were again focused on JPY o/n, as the yen dropped to a 7-yr low vs. the USD on speculation Japan’s Prime Minister Abe will win the early election, renewing his ongoing mandate to pursue simulative monetary policies and corresponding structural changes.
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FX Daily
November 19, 2014 Posted by
The markets were again focused on JPY o/n, as the yen dropped to a 7-yr low vs. the USD on speculation Japan’s Prime Minister Abe will win the early election, renewing his ongoing mandate to pursue simulative monetary policies and corresponding structural changes.
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FX Daily
November 18, 2014 Posted by
The FX market again focused on Japan o/n as Prime Minister Abe called for an early election and announced the suspension of a planned sales-tax increase.  Abe also said he will dissolve parliament on Nov. 21.  JPY levels are relatively static despite hitting 117.00 o/n.  As a point of reference, JPY has now weakened by 7.3% in the past month.
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FX Daily
November 17, 2014 Posted by
The week starts with a major surprise in Japan o/n, as its economy unexpectedly sank into recession in Q2.  JPY is little changed vs. the USD this morning, but equity markets in Asia reacted negatively on the news.  The U.S. equity markets are opened slightly lower this morning, with Europe closing flat.
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FX Daily
October 24, 2014 Posted by

The week closes with the USD slightly weaker across the board via confirmation of an Ebola diagnosis in New York o/n.  The FOMC meets next week to discuss monetary policy, and is expected to maintain its current .25% o/n rates.

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