FX Daily

 

FX Daily
December 10, 2013 Posted by
The dollar weakened across the board as the euro rallied for a sixth consecutive day, while the pound looks to test its 2 year high as today’s report on industrial production in the U.K. indicates that its economy continues to recover.
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FX Daily
December 09, 2013 Posted by
The yen continued its slide to start the week, as investors are looking to other higher yielding assets given the recent run with equity markets. The Canadian dollar was also weaker after posting a slower housing start for November.
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FX Daily
December 06, 2013 Posted by
The USD is little changed this morning despite a very strong U.S. jobs report. The Labor Department reported payrolls increased by 203k in Nov. (Oct. was revised higher @ 204K) and the unemployment rate fell to 7% (from Oct.’s 7.3%).
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FX Daily
December 05, 2013 Posted by
The USD is weaker vs. the EUR today (five-week low) as ECB President Draghi gave no indication that policy makers will introduce a negative deposit rate to spur growth. At their rate meeting today, they left its benchmark interest rate at the record low of 0.25%
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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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