- Risk aversion themes dominate in early Tuesday trade
- RBA leaves rates on hold at 4.75% as expected but much more downbeat Accompanying Statement
- Moody's Concerned with China Banking System Outlook
- Rumors of yet another rate hike over the China coming days
- German courts hearing lawsuits against contributions to Rescue Plan
Archive for the ‘Currency’ Category
Currencies Reverse Course on Confluence of Risk Negative Developments
July 5th, 2011
Tags: AUD / USD, currencies
Dollar Index Remains Range Bound; Eyeing Break Toward 10K
July 5th, 2011
A quiet day of trade yesterday with the U.S. Independence Day holiday away for its allowed us the opportunity to take a step back and Assess medium-term direction. Looking at the daily chart above we can see thats the dollar index Has Been trading in a range bound fashion since early May, (more...)
Tags: Dollar Index
Forex – USD / CAD rose from 7-week low
July 4th, 2011
The U.S. dollar on Monday has risen from a 7-week low against its Canadian counterpart, as the risk appetite is gone, after Standard warned & Poor warned that a rollover of the Greek bonds, the country could lead to a default.
Tags: Forex news, USD / CAD rose
Greece still facing economic problems
June 18th, 2011
FX markets are still trading around the evolving situation in Greece. In fact
participants are discounting just about everything Read the rest of this entry »
participants are discounting just about everything Read the rest of this entry »
France and Germany outlined an agreement to aid debt-burdened Greece
June 18th, 2011
The Dow and S&P 500 rose on Friday after France and Germany outlined an agreement to aid debt-burdened Greece, but analysts said a recent bearish trend may not be over. Read the rest of this entry »
The US dollar index getting higher then previous index rate.
June 17th, 2011
Market wrap
The sell-off in risk assets extended only slightly, although markets remained volatile and nervous about contagion from the Greek debt crisis. The S&P500 is currently down 0.5% to a fresh three-month low, earlier bouncing on some US data surprises (current account, housing starts, jobless claims) as well as the IMF’s voiced support and its expectation of a positive outcome from the next Eurogroup meeting, but then weighed down by regulatory proposals to deter bank expansion. Notably, the VIX barometer of risk aversion rose significantly, indicating investors’ increasing aversion to buying on dips (as they did in April and May). The CRB commodities index is down 0.6%, wheat (-5.0%) under-performing.
Tags: high, index rose, US Dollar.
UK pound dropped as decline of retail sales.
June 17th, 2011
The Great Britain dropped today after the report showed that the decline of retail sales in the UK last month was biggest that anticipated by analysts.
Tags: GBP/USD, Great Britain, retail sales slid
The Swiss National Bank left its main interest rates unchanged and Franc reaching the new all-time high versus the euro.
June 17th, 2011
The Swiss National Bank left its main interest rates unchanged today and predicted that the inflation will grow. The Swiss franc jumped, reaching the new all-time high versus the euro.
Tags: EUR/CHF, euro, SNB, Swiss Franc
The New Zealand dollar to regain its footing.
June 17th, 2011
The concerns about slowdown of the US economy eased after the set of good macroeconomic reports was released yesterday and that helped the New Zealand dollar to regain its footing.
Tags: New Zealand Dollar, U.S. economy
The problems of Europe still plague markets and the US manufacturing weakened.
June 17th, 2011
The problems of Europe still plague markets and the unfavorable reports showed that the US manufacturing weakened. The resulting shift of markets to risk aversion mode was negative to the Canadian dollar.
Tags: Canadian dollar, US manufacturing
