Sign inRecent Commentaries tagged (australian-dollar)
Euro struggles despite a weaker dollar
IB FX Brief Euro struggles despite a weaker dollar Wednesday March 17, 2010 Currency traders have no shortage of fodder to feast on after the FOMC and BOJ policy initiatives continue to deliver a global policy framework conducive to riskier assets. The debate rages as to whether or not a...
Dollar easier ahead of FOMC
IB FX Brief Dollar easier ahead of FOMC Tuesday March 16, 2010 It’s a down day for the dollar ahead of the Fed this afternoon. The dollar index is weaker by 0.4% with notable strength in the British pound and Swiss franc spearheading weakness against the dollar. The currency market is buzzing...
Investors question sustainable euro weakness
IB FX Brief Investors question sustainable euro weakness Friday March 12, 2010 The dollar is under pressure to end the week after words from a powerful investment house jolted investors expecting further decimation of the single European currency into a spin by warning that the next 10 cents for...
Currencies calmly accept rampant Chinese growth
IB FX Brief Currencies calmly accept rampant Chinese growth Thursday March 11, 2010 There’s a nice mix of arguments this morning to give rise to conflicting views on today’s currency movements. A slew of healthy data out of China confirmed up to be a rambunctious pup desperate to play in the...
Chinese export data pressures yen
IB FX Brief Chinese export data pressures yen Wednesday March 10, 2010 A year after the weakest close for global equity prices, risk appetite has very much returned to the agenda. Stock prices are 60% or so higher from the bottoms reached in March 2009. Of course at the time no one knew it was...
Sterling under more pressure
IB FX Brief Sterling under more pressure Tuesday March 9, 2010 Ongoing speculation that profits earned overseas by Japanese companies is finding its way home before the fiscal year-end is lifting the yen on Tuesday. At the same time Asian stocks are commemorating the one-year anniversary of the...
Ready, willing and able
IB FX Brief Ready, willing and able Monday March 8, 2010 French President Sarkozy’s strong weekend words supportive of the plight of Greece have seemingly struck a chord with investors across a variety of asset classes today. It would appear that last week’s efforts by the authorities in Greece...
Currency traders may ignore stormy labor data
IB FX Brief Currency traders may ignore stormy labor data Friday March 5, 2010 Ahead of the U.S. employment report the dollar is stable. Dealers will be looking at the headline number, expected to be job losses for February of around 50,000, and deciding whether bad weather distortions nullify...
Currencies calm ahead of labor and retail sales data
IB FX Brief Currencies calm ahead of labor and retail sales data Thursday March 4, 2010 The euro is suffering just a little from the ‘morning after’ syndrome and is so far unable to hold onto gains inspired by the austerity of the midweek Greek budget. The tone could be considered less...
Greek austerity plan helps euro
IB FX Brief Greek austerity plan helps euro Wednesday March 3, 2010 Stern spending cuts and further increases in tax levies announced today in the Greek budget provided somewhat of a reprieve to the euro in midweek trading. Improvements in British data also helped reduce the appeal of selling...
Housework
IB FX Brief Housework Tuesday March 2, 2010 Several nations have unfinished housework before investors can make further informed assumptions over future currency direction. That’s the message stemming from the world’s largest and most furiously traded market this morning. Hawkish comments from a...
Overhanging the pound
IB FX Brief Overhanging the pound Monday March 1, 2010 The bigger currency story this morning appears to be the crystallization of a view that after a summer election in Britain, the winning party won’t be strong enough to force through tougher measures needed to reduce the budget deficit. This...
Bernanke Comments Negatively Impact Performance of the Dollar
EUR/USD The Euro tested support close to 1.3450 against the dollar on Thursday as underlying sentiment remained negative. There was firm support near this level and it recovered back to highs above the 1.3520 level later in the US session. There were again reports of Euro buying by central banks...
Currencies React in Advance of Bernanke's Testimony
EUR/USD The Euro consolidated in a 1.3520-1.3550 range against the dollar for much of Wednesday ahead of Fed Chairman Bernanke’s testimony to the House of Representatives. The Fed Chief stated that economic conditions were improving and that deterioration in the labour market was also easing....
Bernanke expected to soothe rate expectations
IB FX Brief Bernanke expected to soothe rate expectations Wednesday February 24, 2010 The dollar is marginally lower in early New York trade, which is likely a disappointment to anyone hoping for follow-through to Tuesday’s sharp deterioration in equity prices. The double-coincidence of weaker...
