Insights

 

FX Daily
December 05, 2014 Posted by
The USD is testing new 2yr+ highs vs. the EUR and 5yr highs via the Bloomberg Dollar Spot Index via the very positive U.S. jobs report this morning.  The November U.S. nonfarm jobs report came in +321K, the most since January 2012, and the unemployment rate held at a 6yr low of 5.8%.
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FX Daily
December 04, 2014 Posted by
The EUR is rallying this morning (off yesterday’s two-year low against the USD) after ECB President Draghi said policy makers will wait until next quarter before assessing whether additional stimulus measures (QE) are required.
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FX Daily
December 02, 2014 Posted by
The Bloomberg Dollar Spot Index has now risen to its highest level in five years ahead of the major economic reports in the U.S. on Friday (Nov. U.S. nonfarm payroll/unemployment rate), which many analyst forecasts will strengthen the case of tighter monetary policy in the U.S. amid increased stimulus in Europe and Japan.
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FX Daily
November 26, 2014 Posted by
The USD is drifting to weaker levels against the majors via an unexpected increase in the weekly jobless claims and a decline in business orders, fueling speculation the U.S. economy faces headwinds.
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FX Daily
November 25, 2014 Posted by
The USD has erased last week’s 5-yr high vs. the EUR despite a positive U.S. GDP report and a very weak consumer confidence release.
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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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