Insights

 

FX Daily
February 17, 2015 Posted by

The FX markets were somewhat volatile yesterday (via the U.S. holiday) as the situation in Greece continues to play out with high drama between Greece and European leaders in Brussels.  EUR initially weakened to the low 1.13’s yesterday as talks broke down over the weekend for a quick agreement over bailout terms, and raised the perceived risk of Greece leaving the euro.  Today’s turnaround (EUR strength) was more about covering shorts in the market as EUR touched 1.1450 in European trading before settling to current levels.

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FX Daily
January 26, 2015 Posted by
Yesterday’s Greek elections resulted in a victory for the Syriza party, whose leader had pledged to renegotiate Greece’s international bailout.  Despite the victory for the left wing party, the EUR is slightly stronger as the market further speculates that the new ruling party’s anti-austerity agenda will not include an exit to the common currency.
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FX Daily
January 23, 2015 Posted by
The EUR continues its dramatic slide vs. the USD (11-year lows) as an official said the ECB is prepared to increase its stimulus program (QE announced yesterday) is needed next week amid polls showing the “anti-austerity” party is expected to win next week’s Greek elections.
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FX Daily
January 21, 2015 Posted by
EUR is slightly stronger vs. the majors this morning after a report from Bloomberg indicated an ECB Executive Board proposal circulated to the Governing Council foresees asset purchases (QE) of 50B EUR/month through the end of 2016.
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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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