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Brown Brothers Harriman is a global FX provider with 24 hour trading in New York headquarters and expert local Relationship Management teams in New York, London, Tokyo, and Hong Kong, BBH provides clients consistent and seamless FX trading coverage to ensure products of high quality and utility.

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Markets Await Cues From the Fed

BBH FX Strategy Team Nov 2, 2011

Market sentiment modestly improves after most Asian stocks fall ; EFSF to delay €3bln bond sale. Greek cabinet endorsed referendum plan overnight; aims to win Friday’s confidence vote. FOMC unlikely to announce further asset purchases,…

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The Greek Tragedy Resurfaces

BBH FX Strategy Team Nov 1, 2011

Greece’s decision to hold a referendum weighing on sentiment; global PMIs most softer thus far. EUR/USD has retracted half of its Oct. move in two days; Greek referendum increases disorderly default risk. US ISM manufacturing key report of…

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The BoJ’s Intervention Treat

BBH FX Strategy Team Oct 31, 2011

Risk aversion is taking hold again with global stocks broadly lower; dollar firmer against majors. Price action dominated in part by BoJ intervention; on the data front Chicago PMI and Canadian GDP. Norway’s central bank indicated it will…

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After the EU summit what is the likely to be the next focus for markets?

BBH FX Strategy Team Oct 28, 2011

FX markets are consolidating recent gains with most majors and EM weaker ahead of the open. After the EU Summit what is next for FX markets; today markets likely to focus on US income/spending report. Swiss KOF leading index fell to 0.8…

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A Game of Positions

BBH FX Strategy Team Oct 27, 2011

Global stocks and risk sensitive currencies are up significantly after the 14th emergency summit. Outcome satisfied downbeat expectations, details remain short; price action reflects positioning. BoJ left rates on hold but expanded asset…

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Dollar Softer Ahead of European Summit

BBH FX Strategy Team Oct 26, 2011

Dollar largely softer vs. majors as markets await outcome of the European summit today. Signs point to a “bare minimum” response from European policy-makers; euro upside seems limited. EM currencies mixed; TRY outperforming on apparent…

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Markets Remain Cautiously Optimistic Ahead of Tomorrow’s Summit

BBH FX Strategy Team Oct 25, 2011

European stocks edge to a two-month high ahead of tomorrow’s summit; USD mostly softer ahead of open. There is still room for the EZ policy makers to disappoint tomorrow; S&P 500 approaching 200dma. BoC likely to remain on hold but…

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European PMI surprises to the downside; Policy will dominate week

BBH FX Strategy Team Oct 24, 2011

Euro zone summit ends with no line drawn in the sand; European PMI surprises to the downside. Markets look for euro zone to present comprehensive three-pong approach to finalize crisis this week. US Q3 GDP expected at 2.5%’; Private sector…

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Time is Running Out for Decisive Policy Action

BBH FX Strategy Team Oct 21, 2011

Another volatile session marked by choppy overnight trading; global stocks mixed overnight. Euro zone summit unlikely to draw a line in the sand; German Ifo somewhat better than expected. USD/TRY managed to keep most of its gains following…

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Policy Divergence Weighs on Sentiment

BBH FX Strategy Team Oct 20, 2011

European session marked by choppy macro price action; France and Germany split over EFSF leverage. North American session likely dominated by Greek vote, US reports and headlines surrounding EFSF. UK retail sales beat expectations but…