US Dollar Weekly – More Disappointing Data Ahead
With the Federal Reserve decision out of the way, currency traders will look towards key US economic data that is set for release this coming week. Although there is a bevy of schedule events, the week’s sentiment will come down to three major r
China May Be Rich, But It Can't Save the Euro Zone
Word got out last week that China is gonna step up its game, play superhero, and save the euro zone from its debt crisis. If I'm not mistaken, the rumor started when news hit the airwaves that Chinese officials discussed their plans of buying Ita
What’s Happening With Currencies – September 15, 2011
It’s an exciting day to be in the currency markets. With the European financial crisis still looming over the euro, global central banks from Japan, US , UK and Europe announced a coordinated effort to provide European banks with much needed liq
Is USDJPY Set For A Temporary Bounce?
On September 1st, Brazilian central bankers cut the benchmark Selic rate by 50 basis points, lowering the rate to 12%. A surprise to the markets, the decision comes as policymakers are growing increasingly concerned about the country’s pace of g
UK Data Means More Dovish BOE; GBP/USD, GBP/AUD to Fall
Today's manufacturing report accelerated the Pound's losses against the Dollar and other key rivals (though not the EUR). The prospect of further deterioration in macro data opens up the possibility we will have some further quantitative easing f
ISM Manufacturing Report Lessens Chance of Fed QE, USD Gains
The ISM Manufacturing Index came in stronger than expected for August, helping to inject a strong shot of risk-appetite into markets that were bracing for a negative reading. The fact that manufacturing did not contract lessens the prospect that
US Datastream Remains Negative with New Home Sales, Richmond
We have another batch of weak economic data coming from the US, this time from the housing and manufacturing sectors. New home sales fell for a 3rd straight month, and are at the weakest level in 5 months, while the Richmond Fed Index fell to -10
GBP Slides vs Other Yielders Despite Better Second-Tier Data
In the UK, we saw fundamental data come in a bit better than expected, which helped the GBP to rally against the USD, but it fell back against the EUR, AUD, NZD, and JPY, showing that while it was better than the laggard USD, the GBP was shedding
Wall Street Sentiment Craters Following Unexpected Data
Like their European counterparts, U.S. equity markets took a beating today, led lower by financials which sold off in sympathy with European bank shares. Investor sentiment declined on worse than expected economic data, higher than expected infla
Why The Philly Fed Report Was That Much Worse
On August 18th, the Federal Reserve Bank of Philadelphia released its report on the region’s manufacturing sector. The results were catastrophic. Not only did the report fall below expectations, the gauge actually plunged to the lowest level in
US July Production Data Jolts Markets with Some “Risk On” Se
US industrial production data came in better than expected in July and that helped to boost risk sentiment in US equities. The reaction in currency markets was a move towards higher yielders and commodity currencies and away from the US dollar. H
US Dollar Preview: Empire Manufacturing Index Set To Rise
With some European banks closed for regional holidays, there isn’t a whole lot of economic data today. The same goes for the US schedule.The Empire State manufacturing index will be the first US report for the New York morning. Estimates ar


