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Archive for April, 2011
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Daily Market Review 04/29/11
Posted on April 29, 2011 | No CommentsThe US dollar is set to end the week on a whimper with the combination of month end selling and momentum taking the dollar to new lows. An acceleration of... -
Daily Market Review 04/28/11
Posted on April 29, 2011 | No CommentsThe US dollar weakness continues following FOMC Chairman Bernanke’s first press conference yesterday, which reaffirmed that accommodative policy will remain in place. As the dollar weakness persists and risk trades... -
Daily Market Review 04/27/11
Posted on April 28, 2011 | No CommentsThe US dollar continued to weaken for the seventh consecutive day, with the dollar index hitting its lowest level since August 2008, during and post today’s FOMC meeting. The Fed... -
Daily Market Review 04/26/11
Posted on April 27, 2011 | No CommentsLast week’s equities rally continued to perpetuate ahead of this week’s US GDP data and Fed policy meeting. Asian equities and commodities took a turn for the worse and succumbed... -
Daily Market Review 04/25/11
Posted on April 26, 2011 | No CommentsThe US dollar began a new week where it ended the last: on its back foot, while the -2year interest spread is likely to lead to continued dollar weakness again... -
Weekly Trading Opportunities 04/21/11
Posted on April 25, 2011 | No CommentsMonday – April 25, 2011 – US New Home Sales – (1400 GMT) New Home Sales records sales of newly constructed residences in the United States . The figure is... -
Daily Market Review 04/21/11
Posted on April 21, 2011 | No CommentsThe US dollar remains under pressure, with broad dollar weakness seeing new record highs in the Australian dollar and the euro. The euro continued to strengthen, pushing through $1.46, despite... -
Daily Market Review 04/20/11
Posted on April 20, 2011 | No CommentsThe US dollar resumed it downtrend as risk appetite rebounded sharply amid better than expected corporate earnings and euro-positive developments in Europe. The euro posted its second straight day of... -
Daily Market Review 04/19/11
Posted on April 19, 2011 | No CommentsThe US dollar pared back its recent gains as risk appetite has begun to stabilize and strong data reminded investors that the ECB remains in tightening mode. The euro recovered... -
Daily Market Review 04/18/11
Posted on April 18, 2011 | No CommentsThe US dollar gained, as the risk appetite continues to slide amid euro zone debt concerns and the S&P downgrade of US debt to negative watch. The euro fell for... -
Weekly Trading Opportunities 04/14/11
Posted on April 17, 2011 | No CommentsMonday – April 18, 2011 – EU Consumer Confidence – (1400 GMT) Consumer Confidence measures consumer sentiment in the Euro-zone nations. The figure is the result of Euro-zone consumer surveys... -
Daily Market Review 04/15/11
Posted on April 16, 2011 | No CommentsThe euro continues to shrug off negative news, down only 0.2%, after Moody’s downgraded Ireland. Cable recovered from overnight lows to trade near yesterday’s figure driven in part by more... -
Daily Market Review 04/14/11
Posted on April 15, 2011 | No CommentsThe Euro is mostly firmer against the majors despite the renewed concerns over Greek and Irish debt restructuring taking the euro off its recent highs. The re-emergence of euro zone... -
Daily Market Review 04/13/11
Posted on April 14, 2011 | No CommentsThe dollar fluctuated as inflationary pressures and thus the reaction of central banks the key driver. The euro traded back above 1.45 after reaching a new 15-month high yesterday, while... -
Daily Market Review 04/12/11
Posted on April 13, 2011 | No CommentsThe dollar is trading on its back foot, with the CHF and JPY receiving safe haven bids following deterioration in Japan’s nuclear situation. The euro remains on a firm footing... -
Daily Market Review 04/11/11
Posted on April 12, 2011 | No CommentsThe dollar is set to begin the week on a firmer tone, after consolidating some of its recent losses. Overall, the dollar to remain under pressure again this week, driven... -
Weekly Trading Opportunities 04/07/11
Posted on April 10, 2011 | No CommentsMonday April 11, 2011 – Australian NAB Business Confidence Index (130 GMT) The NAB is a survey of the current state of the business sector in Australia . Based on... -
Daily Market Review 04/08/11
Posted on April 9, 2011 | No CommentsRisk appetite strengthened during today’s trading session with the USD extending its losses against most major currencies, gaining against the yen, and global equity markets mostly higher. The concerns of... -
Daily Market Review 04/07/11
Posted on April 8, 2011 | No CommentsThe European Central Bank raised interest rates Thursday for the first time since 2008, but ECB President Jean-Claude Trichet moved to soften expectations that the step would be followed by... -
Daily Market Review 04/06/11
Posted on April 7, 2011 | No CommentsThe dollar continues to weaken, paring yesterday’s gains, ahead of tomorrow’s policy decision from the ECB and BoE, with the outlook for central banks remaining the key driver. The euro... -
Daily Market Review 04/05/11
Posted on April 6, 2011 | No CommentsThe dollar is stronger today with the exception of sterling, which is higher on good services PMI data. Risk appetite is generally weaker on the day, with most EM and... -
Daily Market Review 04/04/11
Posted on April 4, 2011 | No CommentsThe dollar is little changed against the majors, equities are higher and moves in global sovereign debt markets are contained to a few basis points except for the short end... -
Weekly Trading Opportunities 03/31/11
Posted on April 3, 2011 | No CommentsMonday April 4, 2011 – EMU PPI (900 GMT) The PPI measures prices at the producer level before they are passed along to consumers. Since the producer price index measures... -
Quarterly Review 04/01/11
Posted on April 2, 2011 | No CommentsThe US economy continue to gain some traction in the first quarter of 2011, with numerous economic indicators pointing toward gradual growth, with housing and employment continuing to lag, which... -
Daily Market Review 04/01/11
Posted on April 2, 2011 | No CommentsThe dollar rallied against the Yen but lost ground to the Euro and the Pound that made gains after dovish comments from the Richmond Fed president. Solid real demand for... -
Daily Market Review 03/31/11
Posted on April 1, 2011 | No CommentsThe US dollar is weaker against most major and EM currencies, but the moves were modest. The euro continued to rally, underpinned by higher inflation and the ECB outlook, while...