Forex Analyses - Advanced Currency Markets

FX Consolidates but Market Still Favors USD

10 Sep 2010 1:00 am

Safe haven trades were slightly stronger this morning despite some encouraging US data and an okay Irish debt auction. However, due to the low liquidity in Asia and Middle East, plus the summer  & holiday atmosphere still infecting most of the G10 nations, market moves should be taken with a grain of salt. Yesterdays divergence between stock markets and EURUSD performance,...

Ireland And Greece Return To Concern

09 Sep 2010 1:00 am

Risk sentiment continues to be the core driver of forex pricing and right now it is squarely negative. The market is once again squarely focused on events in Ireland and Greece. The decisions to split Anglo-Irish, while prudent, highlights the enormity of the potential banking problem. It has taken roughly 20% of Ireland?s GDP to bailout domestic banks and investors are concerned that further...

Merkel's Comments Haunt the EURO

08 Sep 2010 1:00 am

Safe-haven trades were slightly stronger this morning during the Asian session. The absence of any fresh economic news kept large participants sidelined this morning. Risk aversion was driven by further spread widening of peripheral EU bond spreads against Germany. The trend was set in motion yesterday as the S&P closed 1% lower and risk-correlated assets took their cue from the stock index. ...

Markets Review RBA And BoJ Decisions Ahead Of Potential Hike From BoC

07 Sep 2010 1:00 am

Two central bank meetings had already taken place before European desks even opened today (BoJ and RBA), but the outcomes have been largely in accordance with expectations. Unsurprisingly, the Bank of Japan held its overnight rate steady at 0.10%, but Governor Shirakawa and his colleagues failed to exploit this opportunity to influence the rapidly appreciating JPY to any noticeable degree. In...

Relief over Payrolls Supports Risk Taking...For Now

06 Sep 2010 1:00 am

There was considerable hype leading up to Friday?s US data with many considering the payroll numbers to be the awaited trigger for an upswing in the US. A large surprise to the upside would have further discouraged the Fed from introducing additional QE, which had it happened would have given the USD a strong boost. Private payrolls did surprise to the upside a bit, with August numbers coming in...

Waiting on Private Payrolls

03 Sep 2010 1:00 am

Markets are anxious ahead of today?s critical payroll report. The Forex Market settled into an easy range during the Asian session and traders don?t seem to be in any kind of hurry to open new positions given the uncertainly of today?s US data. One of the core themes this summer has been the seesawing fate of the US economic data and the probability of a double dip in the wider global economy....