Insights

 

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.
Read More
0 Comments | Join the Discussion

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”.
Read More
0 Comments | Join the Discussion

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.
Read More
0 Comments | Join the Discussion

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. 

Read More
0 Comments | Join the Discussion

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%.
Read More
0 Comments | Join the Discussion

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.
Read More
0 Comments | Join the Discussion

FX Daily
February 12, 2015 Posted by
There are times when reality is more interesting than fiction. Yesterday media outlets reported that Greece had agreed to move forward with a bailout extension.
Read More
0 Comments | Join the Discussion

FX Daily
February 11, 2015 Posted by
The Greek saga continues as the country appeared to strike and conciliatory tone with its creditors only to be rebuffed by Germany. Yesterday, Greek Finance Minister Yanis Varoufakis stated that his country would implement 70 percent of the reforms included in the current bailout package.
Read More
0 Comments | Join the Discussion