Saturday, 4th September 2010.

U.S. Dollar Continues To Lose Ground, European Central Bank Holds Rate at 1.00%

Posted on Wednesday, 1st September 2010 by Zara Priestley

The Euro showed little reaction to the European Central Bank interest rate decision as policy makers held the benchmark interest rate at 1.00% in September, but the slew of data scheduled for the U.S. trade is likely to stoke increased volatility in the exchange rate as investors weigh the outlook for future growth.

Talking Points

  • Japanese Yen: Gains Ground Against Most Counterparts
  • Pound: Manufacturing Expands at Slower Pace
  • Euro: 2Q Growth Rate Expands 1.0%
  • U.S.

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Tags: Central Bank, European Central, European Central Bank, Rate
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Growth By Contraction!

Posted on Tuesday, 31st August 2010 by Jake Marr

In what seemingly is a contradiction, Europe is proving that you can grow by shrinking.  If you don’t believe that’s possible, look no further than the EU GDP figures reported this morning.  GDP figures came in showing growth of 1.9% vs. an ex

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Gold May Extend Slow Ascent as Market Uncertainty Prevails

Posted on Saturday, 28th August 2010 by Zara Priestley

Fundamental Forecast for Gold: Neutral

  • Gold Technical Positioning Points to Major Top in the Works
  • Trade Volumes Hint Little Follow-Through Behind Gold Gains

Gold seems to reflect the shaky climate prevailing across financial markets more than any other trading instrument. Indeed, short-term correlation studies suggest that prices seem to have largely decoupled from other benchmark assets as traders decide which of the yellow metal’s properties – its allure as a store of value or its perceived attraction as an inflation hedge – are going to set the tone for price action. This

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Tags: Gold, Gold May
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Yen in Focus!

Posted on Saturday, 28th August 2010 by Jake Marr

CURRENCY WEEKLY OUTLOOK

by Abe Cofnas

FOCUS ON USDJPY

The theatre of action for this week is first and foremost the USDJPY. What happens there will be a major landmark of global market direction.   The Yen is clearly a barometer of risk aversion versus risk appetite. Japanese economic weakness, while clearly a function of a multi-decade consumer risk aversion and economic stagnation is also a barometer of global risk aversion. J

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Tags: Focus
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Euro’s Prospects Could Brighten If ECB Raises Yield Expectations

Posted on Saturday, 28th August 2010 by Zara Priestley

The EUR/USD was battered on the day as a weak attempt from the BoJ to stem Yen strength saw stronger conviction in support for safe haven currencies. The dollar, franc and yen would rebound against the single currency after initial weakness to start the week.

EUR/USD

The EUR/USD was battered on the day as a weak attempt from the BoJ to stem Yen strength saw stronger conviction in support for safe haven currencies. The dollar, franc and yen would rebound against the single currency after initial weakness to start the week. A weak U.S. personal income report helped weigh on equity markets as risk aversion remained firm.

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