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Foreign Exchange

Equities, risk currencies bid, but overall a range trade looks set to continue.

13 Aug 2012 - More range trading looks likely early in the coming week with a mild upside bias for risk assets as the S+P looks to take out the 1420 target. The majors look rangebo…

The Euro remains heavy but otherwise generally consolidative trade dominates

10 Aug 2012 - Markets are mostly quiet, given the northern hemisphere holidays/Olympics. The Euro remains heavy but the downside was limited today by supportive comments from the E…

A rangebound session, but with plenty of data ahead, it could get quite busy later on

09 Aug 2012 - Soft German data kept a lid on the Euro. Sterling was given a boost after the BOE lowered hopes of future I/R cuts. A busy day ahead with data out of NZ, Australia, C…

Another rangebound session with focus still on the ECB

08 Aug 2012 - Another range bound session today with the market still living in hope that the ECB has something in store to assist the beleaguered EU states out of the debt crisis.…

A cautious session with not too much movement. RBA will be today's highlight

07 Aug 2012 - A rangebound session, with the Euro trading cautiously and the other currencies not doing too much. Equities tried the topside, taking the commodity bloc with them, …

Markets remain resilient after a volatile week, still eyeing CB assistance

06 Aug 2012 - It was a volatile week, ending on a positive note, as hopes that affirmative action from both the ECB and the Fed, to assist their respective economies is around the …

Mario Draghi disappointed the markets, sending the Euro, Stocks lower

03 Aug 2012 - Mario Draghi disappointed markets with a lack of any concrete proposals to assist the EU debt crisis. Much volatility was seen, but ultimately markets are generally …

Fed remain on hold. ECB the next cab off the rank, later today.

02 Aug 2012 - FOMC disappointed those looking for QE3 and now we look ahead to see what the ECB have up their sleeve later today. Probably not a lot, which would see the pressure r…

All on hold for the FOMC later today, ECB, BOE tomorrow.

01 Aug 2012 - The markets are pretty much on hold, awaiting the FOMC, ECB and BOE over the next 36 hours. Before then, the China Mfg PMI might produce some volatility in Asia. That…

Markets go on hold, awaiting FOMC, ECB, BOE decisions

31 Jul 2012 - Market is drifting as we head towards the FOMC tomorrow and then the ECB/Draghi rate decisions on Thursday, not forgetting the BOE. Hope of some economic stimulus is …

Risk trade remains on. All eyes on Draghi. FOMC, NFP this week

30 Jul 2012 - The risk trade remains on following Fridays GDP data, which came in not too far from expectations and now we await a big week with the FOMC the first cab off the rank…

ECB comments boost the Euro. US GDP ahead

27 Jul 2012 - ECB Comments from Mario Draghi gave the shorts something to think about today as the Euro soared sharply higher, taking the Equity Markets along for the ride, while t…

Euro slightly stronger on Nowotny talk of a banking licence for ESM

26 Jul 2012 - ECB comments about the possibility of a banking licence for the permanent rescue fund helped the Euro a bit higher today. Sterling went the other way on dire GDP data…

No Change. Spain and Greece continue to drag markets lower

25 Jul 2012 - Spain and Greece continue to weigh heavily on markets and this is not going to change. Spain appears headed towards a full bailout and the Troika are now in Greece to…

Spanish woes continue to pile pressure on the Euro

23 Jul 2012 - A solid stream of negative headlines from Spain on Friday kept the pressure firmly on the Euro and the week ahead looks likely to be much the same story. Economic hig…

Soft data hampers the Dollar. WSJ article assisted the Aud to higher ground

20 Jul 2012 - Soft data and renewed hope of QE3 ensured the dollar remained under pressure today, although the Euro was unable to take advantage and remains fairly quiet. The Aud w…

Merkel comments dent the Euro again. Risk assets head higher

19 Jul 2012 - Comments from EU leaders put the pressure on the Euro today, but better company earnings data and ongoing hope of some action from the Fed saw equities, commodities a…

The Fed stay on hold but remain ready to act, supporting the risk trade

18 Jul 2012 - Ben Bernanke, testifying to Congress today, suggested that the US economy had weakened significantly and could have further to go, but he refrained from adding the lo…

US$ lost earlier gains after the soft retail sales, and now awaits Bernanke testimony to Congress

17 Jul 2012 - A choppy session ultimately going nowhere as the market awaits Ben Bernanke's testimony to Congress later today. The IMF downgraded global growth outlook again, with …

US$ turns lower as risk assets gain ground. Bernanke to testify on Tuesday NY pm

16 Jul 2012 - Risk assets regained ground on Friday as a relief rally got under way after the China GDP, which came in no worse than expectations. Selling Euro against the Commodi…

Equities, risk currencies lower today ahead of the China GDP

13 Jul 2012 - A quiet session today. Risk aversion was generally the name of the game as the market awaits today’s GDP, Industrial Production and Retail sales from China. Yen had …

Pressure remains on the Euro. Aud well bid ahead of today's Unemployment data

12 Jul 2012 - Markets initially moved higher following the release of the details of the Spanish cost cutting measures. Those gains were lost following the FOMC and the Euro once a…

Euro soft again as global growth concerns weigh on markets

11 Jul 2012 - The Euro is again soft as the EU Fin Min meeting fail to build on the optimism of the previous EU Leaders meeting. China data is weighing on the growth outlook. Today…

Rangebound session, awaiting progress from the EU Fin Min meeting

10 Jul 2012 - A choppy but rangebound session, awaiting some progress from the EU meeting in Brussels. Spanish and Italian yields are back toward crisis levels, while equities are …

Euro makes 2 year lows, and could now head towards 1.1875 target

09 Jul 2012 - The poor NFP saw everyone head for the exit as far as risk was concerned, and to the safe haven of the US Dollar and Treasuries. The Euro was badly hit and made a new…

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