Sign inRecent Commentaries tagged (currency)
Time to regroup
IB FX Brief Time to regroup Thursday March 18, 2010 Wednesday’s forex activity was notable for two things: The dollar weakened as risk appetite accelerated sending riskier asset classes and currencies to multi-month peaks. The euro failed to join the party closing down on the day. It should,...
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...
Pound Sterling Takes a Hit as Labour Party Gains in Polls
Like clockwork the Monday morning pre-market mark up arrives in style... The US dollar is not doing much against the Euro so far today as details of the Greek bailout continue to be negotiated, but is surging against the pound. Polls over the weekend show the Labour Party (i.e. "spend spend...
US data was mixed and may have undermined the dollar slightly
EUR/USD The Euro found support below 1.3550 during Friday and maintained a firmer tone during the day. The Euro spiked higher to a peak around 1.3680 late in the US session before dipping back slightly. The heavy speculative positioning in favour of the dollar will maintain the risk of sharp...
