Chopped USD-uey

Highlights The US dollar has recouped a good part of yesterday’s losses as the choppy range trading that has characterized recent trading continues.  Despite a string of poor economic data, pointing to stronger deflation forces and…

The Land of the Rising Dollar

Next week, which may be considered one of the most important weeks of the year, brings a host of important events and data releases that many investors have been waiting for. The week technically kicks off tomorrow when the US reports 3Q…

A Shift in Policy Tones

Highlights The US dollar is retaining its new found firm tone.  Position adjusting ahead of next week’s key events continues to dominate, encouraged by the loss of the dollar’s downside momentum.  Softer Australian CPI (2.8% in…

Euro Taking Another Leg Down

Into the European close, the euro has broken down further.  A break below $1.3835 warns of the increased risk of a return to last week's low near $1.3700.  The unwinding of long euro cross positions, especially against sterling…

British Pound is Sterling

Highlights The US dollar is still consolidating/correcting its recent decline against most of the major currencies today.  The notable exception is the British pound, where a considerably stronger than expected initial estimate of…

Dollar Slumps Post-G20

Highlights The US dollar is broadly weaker in the wake of the G20 statement that appeared to encourage flowing in emerging markets and risk assets in general.  Leading the move is the Australian dollar and Swedish krona.  The…

Euro-Dollar Outlook

Executive Summary:  We suspect the dollar’s decline against the euro is reaching its final stages.  US interest rates appear to have largely priced in some form of quantitative easing by the Federal Reserve (though headline risk…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More