FX Daily

 

FX Daily
April 08, 2014 Posted by

The USD continues to slide against the majors via technically-driven levels and continued concern over last week’s anemic U.S. jobs report. With U.S. Treasury interest rates still hovering close to their recent lows, emerging market currencies are benefitting as global investors’ appetite for yield via “risk-on” trading (USD negative).

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FX Daily
April 07, 2014 Posted by
We open the week with the USD slightly weaker against the majors as the ECB policy makers signaled that recent deflation risks in Euroland seem to be contained, reducing speculation of a fresh round of bond-buying to boost prices and economic growth.
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FX Daily
April 04, 2014 Posted by
Dallas Federal Reserve Bank President Richard Fisher commented yesterday that the Central Bank should not commit to 'calendar-based' policy but it instead should use guidance that will allow it to adjust for changes in economic conditions. Fisher stated, "I question if it is sound policy to remove all uncertainty or volatility from the market.”
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FX Daily
April 03, 2014 Posted by
The Euro is trading roughly .5% lower today after multiple data releases. The ECB left rates unchanged as expected at .25%. The region’s inflation reading hit a new cyclical low of .5% year/year in March as measured by the March HICP, increasing the risk of deflation for the region.
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FX Daily
April 02, 2014 Posted by
The employment picture in the Eurozone appears to be stabilizing. Yesterday’s overall Euro unemployment rate came in at 11.9% for the fifth straight month. Today’s release out of Spain showed unemployment fell by 16,620 in March, the largest monthly drop since 2006.
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FX Daily
April 01, 2014 Posted by
Most global equity markets are trading higher today, with the S&P hitting a new record.  Meanwhile, treasuries are under pressure after U.S. manufacturing releases indicated continued growth. 
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FX Daily
March 28, 2014 Posted by
The euro rose for the first time in four days versus the dollar after German consumer-price inflation slowed less than some traders anticipated
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FX Daily
March 27, 2014 Posted by
The pound climbed for a fourth day versus the dollar as a report showing U.K. retail sales increased in February more than three times as much as economists forecast,  boosting demand for Britain’s currency
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FX Daily
March 24, 2014 Posted by
The Chinese yuan climbed the most in more than two years as the central bank strengthened the reference rate for the first time in five days.
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FX Daily
March 21, 2014 Posted by
The USD closes the week headed for its biggest weekly gain in nearly two months vs. the majors as many in the market believe the Fed is moving toward higher interest rates faster than previously expected.
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