Posts Tagged ‘ US ’

Risk FX Rally Rolls On Despite Weak US Jobs Data

US weekly jobless claims unexpectedly rose by 12,000 to a total of 472,000 to reach their highest level in four months. On a more positive note the four week moving average declined slightly to 463K. Nevertheless the jobless claims data suggest that US labor market conditions remain challenging, especially in light of the persistent problems [ READ MORE ]

No US Rate Hike in 2010

In the midst of the Eurozone debt crisis, forex investors have largely stopped paying attention to interest rate differentials and focused the brunt of their attention on risk. Soon enough, however, there will be a resurgence in the carry trade, at which point interest rates will return to the forefront of investors consciousness.   From the standpoint of the [ READ MORE ]

Risk Aversion Hits Australian Dollar

These days, I feel like you could take that title and substitute pretty much any currency for the Australian Dollar. Let’s face it- the EU sovereign debt crisis has hit a number of currencies extremely hard, as investors have fled anything and everything risky, in favor of the US Dollar, Swiss Franc, Japanese Yen, and [ READ MORE ]

Interview with Claus Vistesen: “The Eurozone is Shaky”

Today we bring you an interview with hedge fund manager Claus Vistesen, of Alpha.Sources and Beta.Sources. Claus is a Danish economist who specialises in macroeconomics. He is currently pursuing post grad studies alongside his commercial endeavors. His primary research interests include demographics, macroeconomics and international finance. Below, Claus discusses his perspective on the forex markets, [ READ MORE ]

Japanese Yen: 90 or 95?

After a healthy appreciation against the Dollar in 2009, the Yen has backed off slightly in 2010, hovering around the level of 90 USD/JPY. Still, every time the Yen falls, traders quickly push it back up to 90. One has to wonder: Will the Yen ever fall? Analysts attribute the Yen’s resilience to a series of [ READ MORE ]

Euro Rises to 1.2400 As Relief Rally Continues

The rally in risk FX continued on the last day of trading for the week with EUR/USD reclaiming the 1.2400 figure as shorts were squeezed without mercy throughout the early European session. The move was purely technical in nature as the economic calendar was empty and there was no fresh rhetoric from the ECB or [ READ MORE ]

US Consumer Provides a Lift To Risk FX

US Consumer Confidence printed much better than expected hitting 63.3 versus expectations of 58.5. This was the strongest consumer sentiment reading in more than 2 years suggesting that the economic recovery is beginning to have a positive impact on Main Street. [ READ MORE ]

Failed Euro Bailout Would Buoy Yen

Given that only a week has passed since the bailout of Greece was formally unveiled, it’s still too early to determine whether the plan will be success. Regardless of how it ultimately plays out, though, the bailout (not too mention the concomitant crisis) is shaping up to be THE big market mover of 2009. As [ READ MORE ]

When Will Attention Shift to the Dollar?

The fiscal crisis ravaging the Euro and the Pound has sent the Dollar skyward. On the one hand, the prospect of continued uncertainty and dissolution of the Euro would seem to be an excellent harbinger for continued appreciation in the Dollar. On the other hand, it should only be a matter of time before investors [ READ MORE ]

Is There Any Hope for the Pound?

Compared to the Euro, the Pound is Gold (figuratively speaking). Compared to everything else, well, the Pound is probably closer to linoleum. Bad geology metaphors notwithstanding, there really isn’t much to get excited about when looking at the Pound. Let’s take the election, for example. Originally billed as a chance for a fresh start, politically, for [ READ MORE ]

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