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Saxo Bank Forex Analysis Archive
Below you will be able to search the entire forex analysis archive added by Saxo Bank . You may filter the results, by category and year.Categories: Market Analysis - Fundamental - Technical - Futures - Central Banks | 2006 - 2007 - 2008 On 17-12-2007 Dollar continues to strengthen We believe that the all time highs now seen in EURUSD is very likely the top looking into 2008. Today's US Current Account could provide further support.MAJOR HEADLINES &... Read More On 13-12-2007 Volatility spikes on announcement of new central bank liquidity facility. Market trying to figure out what this means. Treacherous market conditions prevail as longer term effects of CB efforts uncertain. Is EURGBP set to break higher? MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: ... Read More On 12-12-2007 Knee-jerk reaction to Fed saw USD and JPY stronger - will we see follow through on this in coming days? Moves overnight confuse the situation with lots of new noise about the potential for alternative measures by the Fed. MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: ... Read More On 11-12-2007 Pivotal day ahead with Fed rate decision at 1915 GMT Watch monetary policy statement guidance and the adjustment to the discount rate - as Fed likely to cut Fed funds rate 25 bps.MAJOR HEADLINES – PREVIOUS SESSION... Read More On 10-12-2007 USD fails to get boost from Friday's employment report. All eyes on tomorrow's Fed decision for USD direction Will the Fed cut 25 or 50? Will USDJPY continue higher after the technical break or will it resume the sell-off? MAJOR HEADLINES – PREVIOUS SESSION... Read More On 07-12-2007 Hawkish Trichet put a floor under EUR for the moment. US and Canada employment reports on tap. US employment report may be decisive for Fed rate decision next week. Markets closing in on key technical inflection points.MAJOR HEADLINES – PREVIOUS SESSION... Read More On 06-12-2007 BoE Decision today: market clearly voting for a cut. ECB's Trichet in a tough spot at today's press conference. USD trading at new recent highs as the dollar index closes in on its 55-day moving average ahead of tomorrow's US employment report.MAJOR HEADLINES – PREVIOUS SESSI... Read More On 05-12-2007 US ISM Non-manufacturing data on tap today. Is GBPUSD headed for a big sell-off Yesterday's Bank of Canada cut sees USDCAD pushing higher. GCC summit avoids the USD depegging issue completely for now.MAJOR HEADLINES – PREVIOUS SESSION... Read More On 04-12-2007 Bank of Canada on tap today - cut or no cut? AUD under pressure once again on weak Retail Sales MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: UK Nov. BRC Retail Sales monitor says Retail Sales rose 3.1% YoY, as disco... Read More On 03-12-2007 Central Bank Bonanza kicks off this week with BoC, RBNZ, ECB, and BOE announcements all on tap MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: China Nov. Manufacturing PMI out at 55.4 vs. 53.2 in Oct.Australi... Read More On 30-11-2007 Bernanke comments possibly threaten the USD rally as rate comparisons could put pressure on the greenback MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: Japan Oct. Jobless Rate out at 4.0% as expectedJapan Oct. YoY Ove... Read More On 29-11-2007 Huge equity rally gives carry trades whiplash once again. USD pulling back after late weakness yesterday on Fed rhetoric MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: Fed's Beige Book: 7 of 12 districts reported slower growth in November com... Read More On 28-11-2007 USD finally showing signs of resilience - could the rally extend here MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: US Weekly consumer confidence dropped to -21 vs. -18 expected and -19 prev... Read More On 27-11-2007 Carry Trades bounce from sell-off again as US stock index futures rose after ugly close yesterday. MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: US based Citigroup announced that it will sell the Abu Dhabi Investment Au... Read More On 26-11-2007 Trichet in China this week. Carry Trades bouncing once again as Asian stock markets blasted higher to start the week MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: US shoppers came out in force on the day after Thanksgiving as retailers r... Read More On 23-11-2007 EURUSD has a first go at 1.5000 - will this trend ever end MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: EU Trade Commissioner threatened China with anti-dumping measures if it di... Read More On 22-11-2007 JPY crosses bounce back from the abyss once again MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: US equities closed sharply lower at new lows since August, while Japan's m... Read More On 21-11-2007 USD to record lows again - USDJPY crossed the key 109.00 threshold overnight ahead of long US weekend. MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: US Fed's FOMC minutes from Oct 31 meeting showed lower forward growth esti... Read More On 20-11-2007 Carry trades pull back from the brink of key support - market remains nervous. EURUSD may be set to try at the recent top MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: US Nov NAHB Housing Market Index at 19 vs. 17 expected, and the Oct number... Read More On 19-11-2007 Markets switch to a rangebound stance as consensus develops that we are in for a quiet week. MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: New Zealand's Performance of Services Index fell to 58.4 in Oct from 59.0 ... Read More On 16-11-2007 Credit worries dominate once again Is EURUSD ready to consolidate lower MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: US Philadelphia Fed out at 8.2 vs. 5.0 expectedUS Fed's Hoenig sa... Read More On 15-11-2007 Weak GBP the strongest theme at the moment after dovish BOE inflation report. MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: New Zealand Sep Retail Sales out at 1.0% vs. 0.5% expectedNew Zea... Read More On 14-11-2007 Carry trades snap back higher on huge equity rally. Key US inflation and Retail Sales data on tap MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: US Oct Pending Home Sales rose 0.2% vs. a drop of -2.0% expectedN... Read More On 13-11-2007 Japan's PM warns on JPY appreciation and puts JPY back on defensive. UK key RICS housing survey even worse than expected MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: Japan's Prime Minister Fukuda warned that the JPY is appreciating too rapi... Read More On 12-11-2007 Renewed credit worries have put JPY back in the drivers seat. USD getting a big boost on the risk aversion theme again MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: Barclays denies rumors of huge US subprime related losses and says it will... Read More On 09-11-2007 Market focuses on Bernanke's expectations of poor US Q4 growth and keeps USD on the defensive In the carry trade department, CHF and JPY diverge, as resilient non-US equities keep JPY from moving decisively stronger. MAJOR HEADLINES – PREVIOUS SESSION... Read More On 08-11-2007 After sharp new record low in the USD yesterday, the market dives into risk aversion mode ahead of Central Bank bonanza Lots on the menu today with possible UK rate cut, Trichet press conference and Fed testimony. The carry trades may stay under pressure. MAJOR HEADLINES – PREVIOUS SESSION... Read More On 07-11-2007 Chinese official's mention of reserve diversification adds to FX hysteria and pounds the USD for further losses MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: Reserve Bank of Australia hiked rates 25 bps to 6.75% as expected Australia AiG Performance of Construction Index ... Read More On 06-11-2007 Credit Market Worries grow and CHF takes the lead against the struggling USD. RBA on tap in Asian session European Services PMIs on tap. Will the weakening trend in European data continue and does the market care? MAJOR HEADLINES – PREVIOUS SESSIONOver... Read More On 05-11-2007 Risk aversion theme may continue in FX on weak equity markets. JPY may continue recent strength Will AUD weaken this week despite expected rate hike? AUD/JPY could be a big mover if risk aversion deepens. MAJOR HEADLINES – PREVIOUS SESSIONOve... Read More On 02-11-2007 Currencies switched directions yet again yesterday on crumbling equities. Risk aversion is back on the agenda ahead of U The huge surge in risk appetite post-FOMC was roundly rejected yesterday. Will the carry trades continue to take a big hit? MAJOR HEADLINES – PREVIOUS SESSI... Read More On 01-11-2007 USDJPY breaking resistance as Fed statement shifts focus back to incoming data Carry theme still in full swing right now on commodity price spikes and equity strength yesterday. MAJOR HEADLINES – PREVIOUS SESSIONOvernight dev... Read More On 31-10-2007 Pivotal day ahead - Fed guidance is the key for USD direction. US Q3 GDP also on tap Dovish BoJ pushing JPY weaker again. CAD fails to respond to huge sell-off in crude oil MAJOR HEADLINES – PREVIOUS SESSIONOverni... Read More On 30-10-2007 Speculation that a Fed cut is not a done deal may put a floor under the USD ahead of tomorrow's FOMC rate announcement SEK moving stronger on 25 bp Riksbank hike and strong Retail Sales. MAJOR HEADLINES – PREVIOUS SESSIONOvernight developm... Read More On 29-10-2007 PBoC allows sharply stronger Yuan overnight, pushing USD to fresh lows GBP close to tipping point vs. EUR and CHF? Key week ahead with Fed rate announcement midweek. Can risk party continue much longer? ... Read More On 26-10-2007 JPY weaker again on more deflationary data JPY weaker again on more deflationary data. Risk willingness high despite spike in oil prices. Surprising that oil price surge hasn't hit the equi... Read More On 26-10-2007 EURUSD remains bid in Europe FOMC statement leaves market with similar uncertainties concerning US rates as in the Septmber meeting.MAJOR HEADLINES – PREVIOUS SESSIONUSD FOMC: ... Read More On 25-10-2007 USD Offered Ahead of Durables, Housing Despite the very weak US housing data yesterday, the market stayed in tight ranges as the FOMC decision on Wednesday is puzzling the market. We expect US data today to trigger additional USD-weakne... Read More On 24-10-2007 Quiet Markets Ahead of US Home Sales JPY was the strongest currency in a tight market as risk aversion picks up. Tensions on the forthcoming US rate decision on Oct 31st is starting to puzzle market participants keeping ranges intact.... Read More On 23-10-2007 Carry Trade sees big bounce on stronger equity markets. Carry Trade sees big bounce on stronger equity markets. Will it last? And CAD in focus today with Retail Sales. USD got a big boost on a classic &... Read More On 22-10-2007 G7 Statement focuses on China, giving USD weakness a theoretical green light. But how long will it last? MAJOR HEADLINES – PREVIOUS SESSIONOvernight developments: Australia Producer Price Index for Q3 out at 1.1% ... Read More On 19-10-2007 USD likely at important pivot point - will we see a continued rout or a strong medium-term rebound? USD likely at important pivot point - will we see a continued rout or a strong medium-term rebound? Continuation of weak equity markets will continue to pummel t... Read More On 18-10-2007 USD again closing in on multi-year lows. CHF and JPY charging stronger. USD again closing in on multi-year lows. CHF and JPY charging stronger. Again a key UK number, with today's Retail Sales. Will we see decisive action for ... Read More On 17-10-2007 Carry trade nervousness continues. GBP will face another test today with the release of the BOE minutes. Carry trade nervousness continues. GBP will face another test today with the release of the BOE minutes. Key US data on tap for today with the CPI, a day after a... Read More On 16-10-2007 Bernanke fails to offer further clues on rate trajectory. Situation in Iraq re-introduces the concept of geopolitical ri Bernanke fails to offer further clues on rate trajectory. Situation in Iraq re-introduces the concept of geopolitical risk. Risk appetite showing signs of over-e... Read More On 15-10-2007 Themes to watch - Upcoming session Key data today: Bernanke to speak at Economic Club of New York (23:05 GMT) NZ Non-resident Bond Holdings (02:00 GMT)Market Co... Read More On 11-10-2007 JPY on the Defensive Side After BoE Went Unchanged MAJOR HEADLINES – PREVIOUS SESSIONJN Machine Tool Orders (Sep P) out at 15.9% vs. 12.6% prior. FR Industrial Production MoM/YoY (Aug) out at 0.3%/2.6% vs... Read More On 10-10-2007 USD Continues Lower After FOMC MAJOR HEADLINES – PREVIOUS SESSIONGE Trade Balance (Aug) out at 14.1B vs. 16.2B expected. GE Current Account (Aug) out at 9.1B vs. 10.6B expected. ... Read More On 08-10-2007 USD and Carry Trades Bid on Quiet Day MAJOR HEADLINES – PREVIOUS SESSIONJN Leading Economic Index (Aug p) out at 30.0% as expected. JN Coincident Index (Aug P) out at 83.3% as expected. ... Read More On 28-09-2007 Kiwi data continues to give a helping hand MAJOR HEADLINES – PREVIOUS SESSIONSW Household Lending YoY Aug, out at 11.8% vs a prior reading of 11.7%. GE Unemployment Change Sep, out at -50K ... Read More On 26-09-2007 Majors Stay Put Ahead of US Housing MAJOR HEADLINES – PREVIOUS SESSIONUK Public Finances (Aug) out at 5.0B vs. 3.5B expected. UK Public Sector Net Borrowing (Aug) out at 9.1B vs. 6.5... Read More On 26-09-2007 Norges Bank hike 25 bps to 5.00% MAJOR HEADLINES – PREVIOUS SESSIONSW Trade Balance (Aug) out at 0.6B vs. 7.8B expected. Prior at 8.2B SW PPI MoM/YoY (Aug) out at -0.4%/4.2% vs. 0... Read More On 24-09-2007 USD Stays Offered Ahead of Housing Figures MAJOR HEADLINES – PREVIOUS SESSIONFR Wages QoQ (2Q F) out at 0.6% as expected. Prior 0.6%. E-Z Current Account (Jul) out at 1.7B vs. 3.5B expected... Read More On 21-09-2007 USD Weaker for Third Week in a Row MAJOR HEADLINES – PREVIOUS SESSIONSZ Trade Balance (Aug) out at 0.64B vs. 0.93B expected.SZ PPI MoM/YoY (Aug) out at 0.3%/2.7% vs. 0.1%/2.6% expec... Read More On 17-09-2007 GBP Lower on Housing Concerns MAJOR HEADLINES – PREVIOUS SESSIONFR CPI MoM/YoY (Aug) out at 0.4%/1.2% vs. 0.3%/1.1% expected. FR Non-Farm Payrolls QoQ (2Q F) out at 0.3% vs. 0.... Read More On 17-09-2007 GBP Weak in Rangy Market MAJOR HEADLINES – PREVIOUS SESSIONGE Consumer Price Index MoM/YoY (Aug F), out at -0.1%/1.9% vs. -0.1%/1.9% exp. -0.1%/1.9% prior. GE CPI – ... Read More On 11-09-2007 Further Weakening of the USD Expected MAJOR HEADLINES – PREVIOUS SESSIONAU Foreign Reserves (Aug), out at A$70.4B vs. A$80.3B prior.FR Industrial Production MoM/YoY (Jul), out at 1.3%/... Read More On 07-09-2007 Further Direction Lies in the US Job Report MAJOR HEADLINES – PREVIOUS SESSIONSZ Unemployment Rate (Aug) out at 2.6% vs. 2.5% expected. Prior at 2.5%.SW Industrial Production MoM/YoY (Jul) o... Read More On 31-08-2007 Will Bernanke Aid the Markets? MAJOR HEADLINES – PREVIOUS SESSIONUK Nationwide House Prices MoM/YoY (Aug) out at 0.6%/9.6% vs. 0.5%/9.7% expected.SW Current Account (2Q) out at ... Read More On 29-08-2007 Another Bout of Carry Reduction MAJOR HEADLINES – PREVIOUS SESSIONSZ UBS Consumption Indicator (Jul) out at 2.261 vs. 2.311 prior (revised from 2.309.) SW PPI MoM/YoY (Jul) out a... Read More On 28-08-2007 USD Lower Across the Board MAJOR HEADLINES – PREVIOUS SESSIONSW Trade Balance (Jul), out at 8.3B, vs. 11.0B exp. expected. 15.2B Prior.US Existing Home Sales (Jul), out at 5... Read More On 27-08-2007 Sideways Trading in Majors MAJOR HEADLINES – PREVIOUS SESSIONEC PMI Composite (AUG) out at 57.9, while 56.9 expected, 57.5 prior.UK GDP QoQ/YoY (2Q) out at 0.8%/3.0%, while ... Read More On 24-08-2007 USD Offered on Housing Worries MAJOR HEADLINES – PREVIOUS SESSIONSZ Employment Level Q2, out at 3.737M vs a prior reading of 3.708M. YoY, out at 2.4% vs a prior reading of 1.8%. ... Read More On 23-08-2007 JPY Lower after BoJ keeps Target Rate at 0.5 pct. MAJOR HEADLINES – PREVIOUS SESSIONSW Unemployment Rate July, out at 5.0% vs 4.7% exp.EC Euro-Zone Current Acount June, out at 5.9B vs -.8.6B.... Read More On 22-08-2007 Range Bound Markets MAJOR HEADLINES – PREVIOUS SESSIONSZ Trade Balance (Jul) out at 1.57B vs. 1.65B prior.GE ZEW Survey (Aug): Econ Sentiment at -6.9 vs. -1.5 expecte... Read More On 21-08-2007 Market jitters comes back in European trading MAJOR HEADLINES – PREVIOUS SESSIONSZ Producer and Import Prices July, out at 0.1% vs 0.3% exp. YoY ou tat 2.8% vs 3.0% exp. UK Rightmove House Pri... Read More On 17-08-2007 Fed Cuts Discount Rate 50 bp to 5.75 pct MAJOR HEADLINES – PREVIOUS SESSIONGE CPI MoM/YoY (Jul F) out at 0.4%/1.9% as expected. SW Industrial Production MoM/YoY (Jun) out at 0.7%/5.0% vs.... Read More On 16-08-2007 Massive Unwinding of Carry Trades MAJOR HEADLINES – PREVIOUS SESSIONSZ Retail Sales YoY (Jun) out at 1.0% vs. 4.9% expected. NO Trade Balance (Jul) out at 26.1B vs. 28.7B exp... Read More On 15-08-2007 GBP Continues Lower after BoE Minutes MAJOR HEADLINES – PREVIOUS SESSIONGE GDP QoQ/YoY (2Q P) out at 0.3%/2.5% vs. 0.4%/2.8% expected.FR GDP QoQ/YoY (2Q P) out at 0.3%/1.3% vs. 0.5%/1.... Read More On 14-08-2007 Big Surprise in UK Inflation Figures MAJOR HEADLINES – PREVIOUS SESSIONUK PPI Input July, out at -0.5% vs 0.7% exp. YoY out at 0.1% vs 1.4% exp. UK PPI output July, out at 0.2% vs 0.3... Read More On 10-08-2007 Quiet in Europe but US the US stock opening could change things MAJOR HEADLINES – PREVIOUS SESSIONData Bullets SW AMU Unemployment Rate July, out at 3.7% in line with exp. NO Retail Sales June, out at 4.7... Read More On 09-08-2007 Subprime Worries Still Puzzling Investor Sentiment MAJOR HEADLINES – PREVIOUS SESSIONGE Trade Balance June, out at 16.5B vs 17.8B exp.GE Current Account June, out at 16.6B vs 12.0B exp.US ... Read More On 08-08-2007 6.00 pct. in the UK Should be for Certain MAJOR HEADLINES – PREVIOUS SESSIONSW Headline CPI July, out at -0.2% in line with exp. YoY out at 1.9% in line with exp.SW Core CPI july, out at -... Read More On 07-08-2007 FOMC To Soften Rhetorics? MAJOR HEADLINES - PREVIOUS SESSIONNO Unemployment rate (AKU) July, out at 2.5% vs 2.6% exp.UK Industrial Production June, out at 0.1% in line with exp. ... Read More On 06-08-2007 USD Offered on back of US Job Report MAJOR HEADLINES – PREVIOUS SESSIONUK PMI Services July, out at 57.0 vs 57.5 exp. UK Official Reserves (changes) July, out at $503M vs a prior read... Read More On 03-08-2007 All Eyes on the US Job Report MAJOR HEADLINES – PREVIOUS SESSIONNO Unemployment Rate (JUL) out at 2.1%, while 2.0% expected, 1.8% prior. EC Euro-Zone PPI MoM/YoY (JUN) out at 0... Read More On 02-08-2007 Range Bound Market Ahead of US Job Report MAJOR HEADLINES - PREVIOUS SESSIONSW PMI Survey (JUL) out at 60.5, while 60.1 expected, 60.3 prior. US MBA Mortgage Applications (JUL) out at -0.3%, whi... Read More On 01-08-2007 Massive Unwinding of Carry Trades MAJOR HEADLINES – PREVIOUS SESSIONSZ UBS Consumption Indicator (JUN) out at 2.309, while 2.090 expected. NO Credit Indicator Growth (JUN) out at 1... Read More On 31-07-2007 Key Focus on US Figures at 12:30 GMT With the weak US inflationary figures on Friday, the market will be watching if the monthly figures will print the same result: that inflation pressures in the US are falling making the USD offered... Read More On 30-07-2007 USD Weakness Should be Reintroduced On Friday, we saw strong US growth figures along with weakish quarterly PCE figures resulting in a sell-off in the USD. JPY stronger on the continued risk aversion theme. US Job report on Friday ke... Read More On 27-07-2007 US Growth in Focus Risk aversion is still the main theme in the markets. Carry trades taking a big hit yesterday as investors reduced exposure and secured profits. US growth at 12:30 GMT to aid direction to the USD.... Read More On 25-07-2007 EUR beaten with the ugly stick The EUR was getting a severe beating in FX markets Wednesday with JPY, AUD, CAD and NZD the strongest currencies.MAJOR HEADLINES – PREVIOUS SESSIONGE Imp... Read More On 24-07-2007 CAD regains strength on retail sales Strong surprise in CAD data with retail sales for May out at 2.8% vs 0.5% exp, with less autos out at 2.3% vs 0.6% exp USDCAD traded trough 1.0400 stops and looks set to test channel support at 1.0... Read More On 23-07-2007 FX Majors range bound through Europe The lack of volatility in Europe will likely spill into the NY trading session with no data to go by. We do not expect this to change ahead of Fed Beige Book Wednesday at 18:00 GMT.... Read More On 20-07-2007 GBP outperforming on better than expected GDP figures GBPJPY broke higher ahead of the GDP figures. It doesn't seem to look back. JPY is still weakening and the USD-majors are ranging ahead of the weekend. MAJOR HEADLINES – PRE... Read More On 19-07-2007 Higher than expected CPI and Bernanke ruling out a rate cut could support USD short-term In Bernanke's Semi-Annual Testimony, he paved the way for an unchanged Fed's Funds Rate through the rest of 2007 and perhaps beyond aswell. That might be punishing the die-hard USD bears... ... Read More On 18-07-2007 CPI and Housing Market data to give direction The USD might see another wave of selling if both the CPI and the Housing Starts and Building Permits come out lower than expected. MAJOR HEADLINES – PREVIOUS SESSION... Read More On 17-07-2007 June inflation from UK surprise to the upside Headline CPI from UK came out at 0.2% vs. 0.1% expected and GBPUSD was able to clear yesterday's offers at 2.0400 and made new 2007 highs at 2.0459, today's US PPI figures could add pressure. ... Read More On 16-07-2007 FX market quiet ahead of tomorrow's data Very little movement today, with only noticeable data being German inflation for June out at 0.1% as exp. Tomorrow's UK CPI and US PPI should help increase volatility. MAJOR HEADL... Read More On 13-07-2007 USD-crosses unchanged before Retail Sales Most majors have seen some consolidation today, positioning for a slightly better than expected Retail Sales in the US session. MAJOR HEADLINES – PREVIOUS SESSION... Read More On 12-07-2007 EURUSD breaking to new highs again The USD is out of fashion, it seems. The FX market is beginning to price-in a deteriorating rate outlook on the back of worries about a negative fall-out from the sub-prime market. ... Read More On 11-07-2007 GBP Continues Higher in Correcting Market Yesterday the USD sold off massively on back of risk aversion in the US market as Standard & Poor placed 612 tranches from sub-prime mortgage transactions on review for possible downgrade.... Read More On 10-07-2007 USD Weaker Ahead of Bernanke Another day with lack of important data, the market positioned itself to the upcoming speech by Bernanke at 17:00GMT, where he is expected to discuss inflation in the US. MAJOR HE... Read More On 09-07-2007 USD Weakness Continues On a day with light data, the USD continued the direction from Friday selling off, sending EURUSD and GBPUSD hígher despite soft UK CPI. We expect EURUSD to test recent highs at 1.3680 this ... Read More On 06-07-2007 USD Stronger Ahead Of June Job Report Stronger than forecasted ADP report sent yields higher and USD bid ahead of the US June job report. GBP sold off after the rate hike, but interest rate-futures are pricing in additional hikes...... Read More On 05-07-2007 BoE Raises Rates 25bp as Expected GBP-crosses rose after the Bank of England decided to raise the benchmark rates 25bp to 5.75 pct., increasing the yield-spread other currencies and revealed that further increases are needed.... Read More On 03-07-2007 Markets Correcting From Yesterday Strong figures from the ISM Manufacturing sector was not enough to keep investors from keeping the USD offered yesterday, which also triggered GBPUSD breaking recent highs at 2.0133. ... Read More On 28-06-2007 Market lacks direction ahead of US data We do expect some volatility post Finalized US GDP Q2, but it should be capped as FOMC minutes are tonight at 18:15 GMT where Fed will likely comment on inflation still remaining the greatest fear.... Read More On 27-06-2007 US Durables to Decide Direction Carry trades taking a big hit in the Asian session on back of concerns on the US housing market and complacency over carry trades causing investors to be more risk averse. Watch US Durables today. ... Read More On 26-06-2007 JPY Crosses Coming Back Investors reduced short JPY positions as the Japanese Ministry of Finance suggested that the market should be aware of one-way bets against the currency. MAJOR HEADLINES – P... Read More On 22-06-2007 Volatility still lacks in majors Still range trading, expect USDCHF which broke 1.2350 support, a close below to target 1.2310 short term. Carry trades remain supportive with lack of data and should remain a buy on dips. &nb... Read More On 21-06-2007 Ranges In Majors Still Intact Overnight, yields in the US were traded higher supporting a stronger USD. However we still consider the recent range in EURUSD to be in play and expect a direction to be found within in the short t... Read More On 20-06-2007 USD weakness still a theme With the US housing market being the main focal point EURUSD has found some short term support and we expect a test of 1.3500 before the end of the week to be a likely scenario. M... Read More On 19-06-2007 Will US Housing Continue to Disappoint? Yesterday's disappointing NAHB Housing Index on top of the weak CPI from Friday make us believe that the US rally must be nearing the end as expectations of rate hikes from the Fed are dropping. ... Read More On 18-06-2007 USD Weaker On Quiet Day The disappointing US data on Friday followed through today. The market traded EUR and GBP higher on back of expectations that Trichet will be hawkish today and the BoE minutes as well on Wednesday.... Read More On 15-06-2007 US CPI figures to tell the story Yesterday's US PPI headline came in stronger then expected and we belive it is very likely that headline CPI will follow it's footstep. This should lead to a test of 124 in USDJPY and 1.3250 in EUR... Read More On 14-06-2007 More US data to add inflation pressures Today's US PPI could send yields higher and dollar stronger, if we see reading above the expected 0.2% in the core figure, with tomorrow's US CPI being the key trend setter going into next week.... Read More On 13-06-2007 Strong Retail Sales Support a Stronger USD EURUSD closed yesterday below its 100 day MA and with yield differentials continuing to be in favor of the USD, USD-crosses have rallied ahead of important data releases in the upcoming days.... Read More On 12-06-2007
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