Posts Tagged ‘ currencies ’

Euro Rallies on Successful Spanish Auction

Risk FX rallied in midmorning European trade on the back of a strong Spanish bond auction that allayed fears over the financing of Southern European sovereign debt. Euro took out the 1.2800 figure while cable finally broke through 1.5300 handle as both currencies set fresh eight week highs. Spain was able to auction [ READ MORE ]

Weaker Chinese Data Weighs on Risk FX

Chinese economic numbers printed weaker across the board triggering a selloff in high beta currencies as worries over the potential slowdown in global growth resurfaced in the market. Chinese GDP for Q2 came in at 10.3% versus 10.5% forecast – more than a full point lower than last year’s number of 11.9%. Retail Sales also [ READ MORE ]

USD: Fundamentals Or Risk

It has been a very quiet day in the currency and equity markets with the dollar trading slightly higher against most of the major currencies. Although trading tends to wind down during the summer, the lack of volatility in the financial markets cannot be completely attributed to the summer doldrums. It is a [ READ MORE ]

Forex: 5 Things to Watch this Week

The lack of U.S. data this morning has made for a quiet North American open that has the dollar unchanged or stronger against most of the major currencies. China reported very strong export figures on Saturday but the thi [ READ MORE ]

USD: Risk On!

The powerful rally in the U.S. equity market lifted most of the major currencies well into positive territory. The strongest gains were seen in the euro and British pound as the stability in the financial markets reduce concerns about balance sheet problems in Europe. Earnings are a big focus this week and so [ READ MORE ]

US and Canada Trade Show Strength Beneath Headlines

Strong earnings from Alcoa, a sufficient bond auction for Greece and weaker trade numbers from the U.S. and Canada have basically left currencies not far from yesterday’s levels. [ READ MORE ]

Euro and Pound Go Their Separate Ways

High beta currencies went their separate ways in early morning European trade with euro falling below 1.2550 after Moody’s downgraded the debt of Portugal while cable rallied towards 1.5100 after CPI data printed hotter than expected. The euro was pressured after Moody’s lowered its rating on Portugal by 2 notches as it cited concerns [ READ MORE ]

USD: Whats Behind The Optimism?

The continual improvement in risk appetite helped currencies and equities extend their gains. For the second day in a row, the Dow Jones Industrial Average traded above 10,000 while the euro rose to a fresh 7 week high against the U.S. dollar. Over the past month, currency pairs such as the EUR/USD and [ READ MORE ]

FOREX: U.S. And China

The lack of the U.S. economic data has put the financial markets in a consolidative mood today. The only two currencies that saw any meaningful action were the British pound and Canadian dollars, which were also the only two countries that released market moving data. After days of significant weakness, the U.S. dollar managed [ READ MORE ]

U.S. Data May Be Weak, But 5 Reasons Why Risk is Up

Currencies and equities are trading sharply higher this morning but the weaker than expected non-manufacturing ISM report could shave off some gains. [ READ MORE ]

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