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Jun 11, 13 •
20954 Views •
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Comments Off on A Trillion Here, a Trillion There, It Soon Adds Up…
Overnight/early morning the BOJ (bank of Japan) published its latest monetary policy statement. The Board of the Bank of Japan decided that the Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of...
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Jun 11, 13 •
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Comments Off on Is France Stoking The Fires of a Manufacturing Led Recovery?
During his visit to Japan over the weekend the French President Francois Hollande told the assorted dignitaries, luminaries and hunting press pack during a press conference that the Eurozone had overcome its biggest test and was now on the way to recovery;...
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Jun 9, 13 •
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Comments Off on Don’t Trade The News, Trade The Reaction to The News
Germany’s factory orders came in way below expectations yesterday, the economists polled by Bloomberg expected a 1% drop and the published figures indicated a 2.3% drop, which was quite a miss. However, the euro appeared to brush this news aside and...
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Jun 6, 13 •
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Yesterday the Eurozone (and more specifically Spain) finally received some positive news on the dire unemployment situation which has disproportionately hammered Spain’s youth employment prospects. To describe the news that unemployment had stopped...
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Jun 6, 13 •
3343 Views •
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Comments Off on Australia Doesn’t Need To Dig Itself Out of The Hole It’s Created
In the overnight session the Australian first quarter growth figures were produced and the publication disappointed analysts, albeit the prediction versus the actual published fact was marginal. The 0.6 per cent quarterly expansion, below analyst expectations...
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May 30, 13 •
3579 Views •
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Comments Off on GBP/USD – through 1.5130 key resistance
2013-05-30 06:28 GMT GBP/USD was held off yesterday recording a low of 1.5008 and climbed on a broad based dollar squeeze across a range of pairs. The resistance line at 1.5130 was pretty key and now come sin as support above pivot 1.5095 as the market is...
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May 27, 13 •
3780 Views •
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Comments Off on NZD/USD operating at 0.8100 resistance
The NZD/USD has recovered the 0.8100 level, after an earlier stumble during the overnight session that took the pair to the depths of 0.8061 (session low). Monday is utterly devoid of meaningful economic data across virtually any medium, on accounts of...
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May 27, 13 •
3418 Views •
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Comments Off on USD/CAD remains in positive territory at 1.0317/18
The USD/CAD has oscillated in an extremely narrow 26-pip consolidation Monday (1.0307 – 1.0333) during a muted holiday session, presently operating at 1.0317/18. In these moments the pair is securing a modest advance of +0.13% above its opening during...
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May 23, 13 •
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Comments Off on EUR/USD around 1.2850, ahead of PMI
The shared currency is consolidating around the mid 1.28s on Thursday, ahead of the flash manufacturing and services PMI in the euro area. “Today’s data will likely be a key input for the ECB’s June rate decision, but we think that we would have to see...
