Insights

 

FX Daily
June 03, 2015 Posted by
The EUR is trading modestly higher and European fixed income securities remain under pressure as a confluence of events is pointing towards better days ahead for the regional economic outlook. Progress is being made on negotiations with Greece on unlocking bailout funds, EMU inflation surprised to the upside, and the QE program appears to be having positive effects on the economy.
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FX Daily
June 02, 2015 Posted by
Officials met in Berlin to discuss a final compromise to the debt troubles plaguing Greece. The FT reported that the focus of the Commission was on drafting a technical paper that would be presented to Tsipras for a “quick reaction” and not to present it as an ultimatum “take it or leave it.”
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FX Daily
April 24, 2015 Posted by
The Nasdaq is trading firmly higher this morning after a posting a record close yesterday. The index is currently nearly 4 times higher than the March 2009 lows.
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FX Daily
April 22, 2015 Posted by
ECB executive board member Benoit Coeure told Greek reporters with Kathimerini newspaper that Greece’s departure from the euro was “out of the question.” Coeure also mentioned that introducing capital controls are not a “working assumption”.
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FX Daily
April 21, 2015 Posted by
The ECB is considering reining in emergency lending to Greek banks by adjusting the discount applied to securities posted as collateral. Formal discussions to this effect have not yet taken place with the Governing Council, but a move to adjust haircuts may occur if Greek leaders are unable to present a convincing plan for reform and debt repayment to the ECB in the near term.
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FX Daily
March 25, 2015 Posted by

The USD fell against most currencies again today as its post Fed re-pricing continued. The statement accompanying last week’s Fed meeting was more dovish than the market anticipated. Today’s weak durable goods release added to the USD selling pressure. 

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FX Daily
March 24, 2015 Posted by
San Francisco Fed President John Williams delivered prepared remarks in Sydney today stating U.S. policy tightening discussions should happen mid-year. Within the same text, U.S. growth forecasts for 2015 were lowered to 2.5% from 3.0%.
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FX Daily
March 23, 2015 Posted by
The USD while trading weaker today, is near multi-year highs and will likely continue to strengthen as the Fed normalizes policy. Loretta Mester, the Cleveland Fed president (non-voting member), said that inflation will rise back to the 2% target over time.
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