Author

BBH FX Strategy Team 90 posts 0 comments

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.

News

Turnaround Tuesday Falls Flat

BBH FX Strategy Team Oct 4, 2011

Global stocks continue to show heavy losses in Asia and Europe, oil & copper down; G10 mostly mixed. Euro group meeting injects more uncertainty about Greece; EUR/USD “death cross” on daily chart. RBA strikes dovish tone, AUD/USD down…

News

A Week of Policy Shifts Ahead?

BBH FX Strategy Team Oct 3, 2011

Dollar and yen maintain supportive tone amid global growth concerns; ECOFIN meet to discuss EFSF. Important week ahead with focus on data and policy; potential shifts from the ECB and BoE possible. US NFP excluding Verizon expected to…

News

Market Mood Sours Ahead of the Weekend

BBH FX Strategy Team Sep 30, 2011

Asia and European session dominated by safe haven flows; Fitch & S&P both downgrade New Zealand. Germany’s upper house and Austria vote on EFSF measures; we still feel EFSF 2.0 is still not enough. Brazil’s budget and inflation…

News

Bundestag Approves, Agenda Shifts

BBH FX Strategy Team Sep 29, 2011

Dollar is paring back its overnight gains as Germany ratifies changes to EFSF; European banks higher. Ratification of the EFSF sets the tone for a shift in the political agenda; Q2 US GDP expected higher. Brazil’s August wholesale IGP-M…

News

Market Sentiment Remains Cautiously Optmistic

BBH FX Strategy Team Sep 28, 2011

Market sentiment continue to improve modestly; European stocks and US futures both advance. Finland ratifies changes to EFSF, Germany votes tomorrow; EUR/USD trades just ahead of 1.37. EM price action of IDR & KRW reinforces themes;…

News

So You’re Saying There’s a Plan?

BBH FX Strategy Team Sep 27, 2011

Market confidence continues to improve amid hopes that euro zone policy makers take bold actions. Slovenia begins vote on EFSF ratification; sharp shifts in positioning may prompt mean reversion. Hong Kong’s trade figures showed a softening…

News

A Week is a Long Time

BBH FX Strategy Team Sep 26, 2011

European stocks higher in part from ECB and potential policy action; dollar softer against majors. G10 market focus this week again EZ with EFSF votes, bonds auctions, Greece aid; US macro data. EMs are likely to be dominated by DM…

News

Another Freaky Friday

BBH FX Strategy Team Sep 23, 2011

EUR/USD headed back below 1.347 as European stocks extend early morning losses; DAX down 2.7%. G20 communiqué indicates that EZ actions to increase EFSF flexibility is likely; details remain light. Singapore’s inflation continued to surge…

News

Operation Twist Brings No One to the Dance Floor

BBH FX Strategy Team Sep 22, 2011

USD continues to surge amid safe haven demand; EUR breaks below 1.35, EM currencies drop 1-2.5%. The Fed delivered “Operation Twist” but bleak economic outlook continues to weigh on sentiment. Czech CB remains put, South African CB expected…

News

Downgrades and Defaults

BBH FX Strategy Team Sep 20, 2011

EUR/USD and European stocks recover amid hopes of Greece aid; market shrugs off Italy’s downgrade. BBH Sovereign Credit Rating Model suggests that further downgrades for Italy and Spain are likely.