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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...
Evidence of Japanese Exporter Selling
EUR/USD The Euro held a steady tone in early Europe on Tuesday. The German ZEW index was firmer than expected at 44.5 for March which had some positive impact on Euro sentiment even though this was slightly lower than 45.1 for February. EU Finance Ministers agreed an emergency loan-support...
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...
EU Finance Ministers Meeting Will Be Watched Very Closely
EUR/USD The Euro edged slightly lower in early Europe on Monday as risk appetite was generally weaker. During the day, the Euro also registered sharp losses on the crosses which was an important factor in pulling it weaker against the dollar. As underlying tensions surrounding the Greek debt...
Yen maintained a generally weaker tone on the crosses
EUR/USD The Euro maintained a firmer tone in early Europe on Friday and challenged resistance levels above 1.37 against the US currency. Risk appetite was generally firmer during the day which provided some support to the Euro. The latest Euro-zone industrial production data was also stronger...
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...
Fears over the Euro-zone eased slightly
EUR/USD The Euro found support above 1.36 against the dollar on Thursday and had a generally firmer tone, although it was unable to make strong headway as ranges were generally narrow. Fears over the Euro-zone eased slightly, although there was still a high degree of caution, especially with...
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...
Euro was able to stage a technical recovery during the day
EUR/USD The Euro again dipped to test support below 1.3550 against the dollar on Wednesday and the US currency was also unable to sustain a break below this level for the second day. The Euro was able to stage a technical recovery during the day, bolstered by the ability to hold support and...
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...
Continuing lack of confidence in the Euro-zone economy
EUR/USD The Euro was unable to make any headway in early European trading on Tuesday and there was a renewed test of support close to the 1.36 level. The Euro was subjected to further selling pressure during the Europeans session with a low close to 1.3535. There was a continuing lack of...
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...
Euro maintained a firmer tone
EUR/USD The Euro maintained a firmer tone in early Europe on Monday as French President Sarkozy pledged support for Greece. The Euro also gained some support from generally firm global risk appetite. The Euro-zone economic data was mixed with the Sentix business confidence index slightly...
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...
Payroll data was slightly stronger than expected
EUR/USD The currency markets were generally quiet ahead of the US employment data release with the Euro holding just above 1.3550 against the dollar. The payroll data was slightly stronger than expected with an decline in employment of 36,000 for February after a revised decline of 26,000 the...
