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European Banks' Dollar Funding Costs Decline to One-Week Low

posted by Avatar durkie 5 days ago in EUR

The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 48 basis points below the euro interbank offered rate, or Euribor, from minus 51 yesterday at 8:39 am in London. The measure was minus 114 ... read more
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Malaysia-Market factors to watch May 18

posted by Avatar durkie 9 days ago in all made popular 9 days ago

Malaysian palm oil futures regained ground on Thursday after steep losses the previous day, but traders remained cautious on concerns a possible Greek exit from the euro zone could heighten risk of a global recession and hurt commodity demand. read more
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EUR/USD update (14th May 2012, 15:15)

posted by Avatar durkie 11 days ago in EUR, Economic Indicators made popular 11 days ago

EUR/USD trended down as worse-than-expected Italian GDP figures were released. The GDP for the first quarter fell by 1.3% on a year-on-year basis, from a contraction of 0.4% previously. It was expected to fall by 1.2%. The eurozone GDP and economic ... read more
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PREVIEW: Tomorrow's Big ECB Decision Could Move Markets In A Very Unusual Way

posted by Avatar durkie 24 days ago in EUR made popular 24 days ago

The eurozone economy is undoubtedly slowing, economic activity is contracting, and the inflation rate has slowed from 3.0 percent late last year to an estimated 2.6 percent in April. On the other hand, measures of M3 money supplyone of the most ... read more
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AUD Slips in Aggressive Easing

posted by Avatar durkie 26 days ago in AUD

The Reserve Bank of Australian was widely expected to cut interest rates at their policy meeting today but surprised markets with a 50 basis points reduction rather than the expected 25 points. The RBA governor, Glenn Stevens, said that the RBA outlook ... read more
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Roger Kerr ponders the mysteries of currency markets and why the NZD isn't ...

posted by Avatar durkie 27 days ago in USD, NZD

While foreign exchange markets may be misunderstood, perverse and illogical in how they respond to economic news, the reality is that consistently build in the future well in advance and often do not react as the majority would expect. read more
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NZD on upward trend

posted by Avatar durkie 34 days ago in NZD

The GBP/USD rose after the release of March retail sales data (1.8%m/m vs. 0.5% expected). The GBP/USD moved up from 1.6060 to close the week around 1.6120. It is now at its highest level since November, near key resistance. In the backdrop of broadly ... read more
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World shares, oil fall as US jobs data stirs concern

posted by Avatar durkie 47 days ago in USD, Commodities made popular 47 days ago

Trade in US interest rate futures also suggested that investors were betting rates would stay low well into 2014, reflecting the Fed's view on interest rates. Oil prices fell more than USD 1 a barrel after Iran agreed to resume talks over its nuclear ... read more
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Equal Energy And Atlas Resource: Flexing To Drill Mississippian Light Oil Play

posted by Avatar durkie 47 days ago in USD, CAD, Commodities made popular 47 days ago

OAG360 has previously noted that a Mississippian well could have an EUR ranging between 150 MBOE and 500 MBOE. When investors think about the Mississippian light oil play, a SandRidge Energy (SD) or Chesapeake Energy (CHK) comes to mind. read more
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USD/JPY fresh session lows after China PMI

posted by Avatar durkie 52 days ago in USD

High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, ... read more
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Bernanke's comments spark US dollar sell-off

posted by Avatar durkie 60 days ago in USD

Risky FX rallied higher as the greenback got dumped across the board, with GBP/USD moving above last week's high of 1.5923 to reach a high of 1.5973 before consolidating its gains for the day. The UK economic data docket is sparse again today with only ... read more
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Euro pares earlier drop after successful Italian bond selling

posted by Avatar durkie 60 days ago in USD, EUR, CAD, AUD made popular 60 days ago

Also, the Treasury sold 1 billion euros of inflation-linked debt maturing in 2019 and 2021 where yields recorded 3.06% and 3.45% respectively. At the meantime, there is improvement in the sentiment on hopes the euro area is on the right track towards ... read more