Insights

 

FX Daily
March 19, 2014 Posted by
The USD is slightly stronger today ahead of the FOMC rate announcement and Fed President Yellen’s first official press conference.  The Fed is expected to further reduce its bond-buying stimulus program by $10 billion and link its guidance on when it will begin raising interest rates to a range of economic indicators.  The Fed announcement will be at 2:00pm eastern.
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FX Daily
March 18, 2014 Posted by
The FX markets are relatively quiet despite Russian President Putin’s speech focusing on Ukraine and Crimea’s accession. The markets are interpreting Putin’s interest in Crimea won’t extend into other parts of eastern Ukraine, and sanctions by the EU and US will broaden to counter the situation.
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FX Daily
March 17, 2014 Posted by
Global equity markets have rallied today via lowered investor concerns surrounding the Crimea situation as yesterday’s vote to leave Ukraine didn't leade to further turmoil and s/t uncertainty.
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FX Daily
February 21, 2014 Posted by
The week closes with the USD slightly lower after a weaker-than-expected existing home sales report in the U.S.  Sales of previously owned homes dropped in January to the lowest level in more than a year as harsh winter weather combined with a lack of supply, tight credit and declined affordability slowed demand.
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FX Daily
February 19, 2014 Posted by
Somewhat quiet FX market conditions prevail today as the USD is little changed versus the majors. The yen is slightly weaker versus the USD as the market expects the BoJ current QE program will fall short of its 2% inflation goal.
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FX Daily
February 18, 2014 Posted by
The USD is trading weaker versus the majors (ex JPY) after yesterday’s U.S. holiday. The yen is slightly weaker o/n after the Bank of Japan (BoJ) boosted its lending programs and said it will maintain the current monetary easing program in its attempt to fight local deflation.
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FX Daily
January 17, 2014 Posted by
The USD is approaching a four-month high vs. the EUR after a U.S. housing report for December showed a better-than- expected number despite a weather-related drop for the month.  The final housing report for the year reflected the best performance for the industry since 2007.
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FX Daily
January 16, 2014 Posted by
The FX markets are a bit choppy today, with the USD slightly weaker vs. the EUR and GBP after the release of the U.S. CPI report earlier this morning, confirming the current inflation rate remains well below the Fed’s 2% target (USD negative).  The offset to the inflation report was the jobless claims announcement, which showed the number of people continuing to receive jobless benefits jumped to the highest since July.
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