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By Marcus Holland |
May 9, 2013
The trend in the British pound is higher, as slightly better than expected economic news recently has kept the Bank of England off the accelerator as witness on Wednesday when the central bank met to decide the state of current interest rates.
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By Justin Pugsley |
May 9, 2013
There are growing signs that the Eurozone might be shifting away from its program of austerity. If that does prove to be the case, it is likely to be very supportive for risk currencies generally and risk assets such as commodities and equities.
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By Dan Gramza |
May 9, 2013
Th euro is looking for confidence from buyers, and Dan Gramza says the next couple of days will tell us a lot about that market.
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By Neal Armstrong and John Detrixhe, Bloomberg |
May 8, 2013
New Zealand’s dollar fell to a five-week low vs. its U.S. counterpart after Reserve Bank Governor Graeme Wheeler said the central bank has sold the currency and may do so again to boost exports.
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By Anthony Lazzara |
May 7, 2013
First, the Aussie Central Bank cut interest rates, which has sparked Aussie dollar selling. Second, rumors of legendary trader George Soros taking a big short position in this currency also probably stoked some added selling as well.
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By Lucy Meakin, Bloomberg |
May 7, 2013
The euro strengthened against the dollar and yen after German factory orders unexpectedly increased in March, suggesting the region’s largest economy is starting to grow again.
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By Anthony Lazzara |
May 6, 2013
The Euro currency has been in somewhat of a trading range as of late, but we believe the market is vulnerable to a move to the downside, as the ECB is being very dovish.
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By Fion Li, Bloomberg |
May 6, 2013
The yuan fell in Hong Kong’s offshore market by the most in 15 months and the onshore spot rate retreated from a 19-year high as China stepped up scrutiny of cash transfers from abroad.
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By Lukanyo Mnyanda and John Detrixhe, Bloomberg |
May 6, 2013
The yen fell for a third day, trading at almost 100 per dollar, as a decline in the U.S. jobless rate to a four-year low fueled optimism that growth is gathering pace and reduced demand for Japan’s currency as a haven.
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By Jeff Greenblatt |
May 6, 2013
The market doesn't seem concerned with the end of QE and rate tightening. Maybe it knows something the rest of us don’t.
