FX Alerts

USDCAD above 1.03

USDCAD 20 pips higher and above 1.03 on back of CPI, which showed annual rate falling to 0.4% (from 1.0%). The market was looking for a 0.6% outcome, with the core rate also a touch better than expected at 1.1% (from 1.4%). EURUSD down to 1.2820, with a number of stops taken out just ahead of the Canadian figures.
Tovább »

17/05/2013 @ 12:37 GMT

NZDUSD at 6 months low

NZD falls vs peers. NZDUSD drops to 0.80901 (6 months low)
Tovább »

17/05/2013 @ 02:28 GMT

Fed may reduce QE in the summer

USD recovered against both the EUR and JPY on Thursday after a top Fed official said the U.S. Federal Reserve could begin easing up on the monetary gas pedal this summer and end its bond buys late this year. "It will take further gains to convince me that the 'substantial improvement' test for ending our asset purchases has been met," John Williams, President of the Federal Reserve Bank of San Francisco, said in remarks prepared for delivery to a luncheon sponsored by the Portland Business Journal.
Tovább »

16/05/2013 @ 19:36 GMT

Cable higher on latest BoE forecasts

GBPUSD around 20 pips higher to 1.5260 on BoE's latest forecasts upgrading growth and downgrading inflation. These latest projections, contained in their quarterly Inflation Report, are seen as reducing the change of more quantitative easing, which three members of the monetary policy committee have been voting for during the February to May period. We wait for next week to see the latest minutes and whether these 3 members have maintained this stance.
Tovább »

15/05/2013 @ 09:39 GMT

GBP Claimant Count Change

GBPUSD stable after knee jerk reaction to GBP Claimant Count Change data. Currently GBPUSD at 1.5231.
Tovább »

15/05/2013 @ 08:55 GMT

Dollar dominance

The dollar is once again dominant at the start of the European session. The weaker than expected German GDP data gave some impetus to the move, pushing EURUSD below the 1.29 level ahead of the Eurozone numbers due to be announced at 09:00 GMT. At the same time, USDJPY has carved out a new high for the year (again) at 102.62, with AUDUSD making a new low at 0.9852. The dollar itself (looking at the DXY dollar index) is 0.40% from the 2012 high (84.1). Breaking this would put the dollar at levels last seen nearly 3 years ago.
Tovább »

15/05/2013 @ 08:00 GMT

Aussie lower on budget headlines

A reality check for Australia today as budget numbers are revised. Previously the government were predicting a budget surplus for this year, but the continued strength of the Aussie, together with the reversal in commodity prices have reminded the Australian government that nothing lasts forever and it's dangerous to ever assume so. Still, all things are relative and the budget and growth situation in Australia is a far cry from what we are seeing in most other major economies and a world away from the eurozone periphery.
Tovább »

14/05/2013 @ 10:14 GMT

Cable slipping into close

After a relatively subdued session, cable is falling into the European close, having broke through the 1.53 level to trade us back to levels last seen in the wake of the stronger than expected GDP data released towards the end of last month. No specific factors behind the move beyond order being triggered in a light start of the week session.
Tovább »

13/05/2013 @ 15:55 GMT

Stronger US sales lift dollar

EURUSD down 20 pips to 1.2950 after stronger US retail sales, rising 0.1%, vs. expectations for 0.3% fall. USDJPY at 102.00, AUDUSD 0.9957.
Tovább »

13/05/2013 @ 12:34 GMT

Green light for the yen

The stance of G7 leaders on the yen and currencies in general remained unchanged at their meeting over the weekend. As such, the yen touched above the 102 level on USDJPY in Asia trade before pulling back to 102.60. Whilst there may be bigger concerns from Japan's major Asian trading partners (such a South Korea), G7 leaders appear content with the weaker yen, so long as policies do not specifically target exchanges rates.
Tovább »

13/05/2013 @ 07:06 GMT

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