Poslano Sobota, 7th Februar 2009 od admin
Risk Appetite Returns
This week saw some rebound in risk appetite bringing a decline in
safe haven currencies such as the USD, JPY, and CHF. Meanwhile,
commodity currencies such as the AUD and NZD gained, but the EUR
/USD pair is ranging despite this risk appetite. The RBA cut
rates to a 45-year low of 3.25%. The ECB’s insistance on [...]
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Poslano Sobota, 31st Januar 2009 od admin
CMS Forex IB Coordinator
This week saw a comeback for the Pound after hitting a record low
against the yen, and a 23-yr low against the greenback last week
. Also, the Euro’s attempt to revive its gains on the Pound was
thwarted this week as worries about the amount needed for the
British stimulus subsided.
The FOMC held rates in [...]
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Poslano Sobota, 24th Januar 2009 od admin
Last week ended with the mention that the British government was
gearing up for an expanded, or basically a 2nd round of stimulus
. The market did not receive this news as a sign that the economy
is ready to bottom and rebound. Instead, the market focused on
the concern that continual stimulus will create national debt
issuess. Thus the [...]
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Poslano Sobota, 17th Januar 2009 od admin
Risk Aversion Pauses to End Week
We saw risk aversion spill over from the previous week to start
this one. Global stock markets opened the week tumbling, and oil
prices receded below $40/bbl, eventually testing below $34/bbl.
The other important mover of the market is the deterioration of
the Eurozone. Greece was the first to fall into Standard and
Poors rating [...]
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Poslano Nedelja, 11th Januar 2009 od admin
EUR/GBP Unwinds Sharply with ECB Outlook Reversed
The Euro had its largest 1-day loss against the Pound on Monday,
and continued to slide throught the week. The pair was looking
to reach parity until European Central Bank’s interest rate
speculations flipped. Since members noted the slowing of
inflation, the market is now expecting the central bank to be
more aggressive in [...]
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