FX Daily

 

FX Daily
January 14, 2015 Posted by
U.S. retail sales were significantly worse than expected for the month of December, falling by .9%, the worst showing in nearly a year. The retail sales index measures 13 categories of spending and 9 of those fell, indicative of a broad based retreat that will prompt cuts to U.S. growth forecasts.
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FX Daily
January 13, 2015 Posted by
Polling ahead of Greece’s January 25 elections are showing the anti-austerity Syriza party in the lead by 3 points. Meanwhile Greece’s current aid agreement is due to expire at the end of February and the ECB is warning that it would choke off funding to Greek lenders rather than renew an international bailout package if austerity measures were not adhered to.
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FX Daily
January 12, 2015 Posted by
Debate is intensifying in Europe ahead of their January 22 policy meeting over calls to introduce quantitative easing. Draghi will make arguments in favor of QE at a conference in Berlin on January 14, the same day the European Court of Justice in Luxembourg will announce a non-binding legal opinion of a previously announced but never used plan to purchase bonds under a program known as Outright Monetary Transactions. While many central banks globally have the mandate to undertake quantitative easing, its legality within Europe is unclear.
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FX Daily
January 08, 2015 Posted by
The euro is sliding again and has yet to find a bottom as a German report indicated that industrial production fell 0.6% in November from a year earlier.
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FX Daily
January 07, 2015 Posted by
The euro took another tumble this morning after a report showed that inflation in the region fell more than expected.
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FX Daily
January 06, 2015 Posted by
The yen gained for a second day as traders are looking for a second haven with the U.S. dollar.
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FX Daily
January 05, 2015 Posted by
The euro weakened to almost a 9-year low against the U.S. dollar amid investor concern that Greece may be leaving the EU and on speculation that a large scale program of asset purchase by the ECB is nearing.
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FX Daily
December 30, 2014 Posted by
This will likely be the last daily report for the year. The yen appreciated versus all of its 16 major peers except Brazil’s real as the Bank of Japan said it will increase the length of maturity of the government bonds it buys.
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FX Daily
December 22, 2014 Posted by
Not surprisingly, there is very little to highlight this morning as the market has pretty much shifted into full-on holiday mode.  Risk appetite looks to be starting
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FX Daily
December 18, 2014 Posted by
The market is noticeably calmer this morning in the wake of yesterday's FOMC meeting
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