Stock markets have had a mixed week. After selling off sharply in the first half they have clawed back some gains in the second half. This lack of direction is down to a couple of factors:1. Spanish ...
It was a very choppy session for investors in Asia, with Bernanke, the BOJ and the Chinese Customs Bureau all contributing to the jumpy price action. Most the action was centred on the Chinese trade ...
Risk assets remained on the defensive as global markets digested the negative March NFP surprise. The focus, however, in today’s Asia-Pacific session was on the BOJ rate decision. While the ...
USD offered on light volumes so far in Asia. Rumored real money Asian demand during NY market hours reversed EUR/USD downside stemming from negative AU trade numbers but more-so influenced by the ...
The recent alignment in both fundamental and technical financial market developments suggests USD may be on the verge of an upside breakout. Contracting manufacturing PMIs in Europe’s core, ...
Weak trade balance figures out of Australia have combined with USD-positive sentiment stemming from the FOMC minutes overnight to create a toxic trading environment for AUD/USD. The pair has sunk over...
As expected, the RBA left rates unchanged at today’s meeting, but the overall tone of the statement by Governor Stevens was more dovish than we have previously seen from the bank, increasing the...
Investor sentiment is being driven by a positive read we got over the weekend on the Chinese economy from manufacturing PMI data. Hence, equities in the region are largely in the green and risk ...
Today’s slew of Japanese data may have failed to move the Forex market but it provides us with an insight into the struggling Japanese economy. For instance, industrial production data (m/m) ...
Earlier in New York, rumors of real money bidding out the Treasury curve and MBS demand by banks made the rounds. Yen crosses were the biggest losers with the downtrend spilling over to the Asia ...