Sign inRecent Commentaries tagged (dollar)
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...
Chart Presentation: The 12 Month Lead
The question today is whether the long end of the Treasury market is actually leading the short end- and hence the Fed- by close to a year. Below we compare the U.S. 30-year T-Bond futures and 3-month eurodollar futures with the charts shifted or offset by one year. The argument is that the peak...
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...
Crude oil breaks the dollar rule for the summer High Noon
This post is a guest contribution by Dian Chu, market analyst, trader and author of the Economic Forecasts and Opinions blog. Crude oil surged to its highest level in almost eight weeks and gasoline also rose to a 17-month high after the U.S. employment declined less than forecast in February....
Chris Wood: “The US will be the endgame”
In this video interview, Chris Wood, CLSA’s Asia strategist and author of the top “Greed & Fear” newsletter, shares his views on global markets with CNBC. Wood said: “My view is that there is an inevitable endgame as a result of all this massive spending of taxpayer money in the West and Japan...
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...
Global reserve currency: Chinese yuan vs US dollar
This post is a guest contribution by Dian Chu, market analyst, trader and author of the Economic Forecasts and Opinions blog. The practice of the central banks of accumulating dollar reserves has become more pronounced after the 1997 Asian financial crisis, when currency speculators hastened a...
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...
Dollar bull alive and kicking
March 1, 2010: The bearish dollar "experts" have disappeared. Where are they now? They were extremely bearish in November 2009, when we were turning bullish. So may we say, "we told you so." It was very fashionable to beat up the Dollar and the US economy when the currency was down. Now the...
Who is going to be the next Greece?
This seems to be the major question asked by most commentators in most media outlets. Is it going to be Spain? Japan? The U. K.? Italy? Portugal? Just who might it be?Might it be California? Or New York? Or some major city?Who are the hedge funds attacking this week? Where is the bailout going...
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...
