FX Daily

 

FX Daily
December 03, 2013 Posted by
The tone of the market today is focused on “risk off” as Friday’s U.S. jobs reports loom large.  Based on that theme, JPY is off its six-month low vs. the USD as global investors look for more evidence as to when the Fed will reduce stimulus (QE) that has weakened the dollar since July. 
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FX Daily
December 02, 2013 Posted by
The week opens with the yen continuing its slide (weaker) vs. the majors, now at a six-month low after various economic reports in China, Europe and the UK showed continued expansion in November. Increased global investor demand for risk taking is reducing the role JPY is used as a “carry trade” currency.
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FX Daily
November 29, 2013 Posted by
The FX trading hours will close at 10:30am PST today.
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FX Daily
November 27, 2013 Posted by
The USD is modestly stronger against most major currencies but the EUR is one exception.  The EUR is trading higher after German Chancellor Merkel’s Christian Democratic Union (CDU), their allies the CSU, and Social Democratic Party reached a coalition accord on wages and spending increases without increasing taxes. 

 

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FX Daily
November 26, 2013 Posted by
Global markets have been mixed this morning with European stocks down for the first time in three days while U.S. stocks are up modestly. The Euro is stronger against most other currencies and the Yen broke a three day losing streak, trading modestly stronger today after the BOJ minutes were released though some board members saw downside risks in the economy.
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FX Daily
November 22, 2013 Posted by
The USD is stable today despite a stronger-than-anticipated German business confidence report for November, signaling to the markets that the economic recovery in Euroland is gaining momentum.
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FX Daily
November 20, 2013 Posted by
Quiet FX markets are the theme today with the yen strengthening from a four-year low vs. the euro as a Japanese official made comments surrounding reforms of Japan’s government-run pension fund may take years to implement.
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FX Daily
November 19, 2013 Posted by
The Australian dollar rose for the third straight day after comments coming from the PBOC that it intends to exit from normal currency intervention in the foreign exchange market and will widen the yuan’s trading band accordingly over time.
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FX Daily
November 18, 2013 Posted by
The week started off on a quiet note, with little global news to move the markets. The dollar weakened a bit against most other currencies ahead of speeches from several Fed officials later today.
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FX Daily
November 14, 2013 Posted by
Janet Yellen, the nominee to be chairman of the Federal Reserve, is testifying at the Senate Banking Committee. She states clearly the central bank should take care not ....
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