Market Review 3.5.12
May 3, 2012 8:53 am by Dan EduardThe euro continued to slide during overnight trading, following negative euro-zone news released yesterday. The EUR/USD dropped as low as 1.3133, while the EUR/JPY fell to 105.30.
RBA Interest Rate Cut Leads to Aussie Losses
May 1, 2012 8:51 am by Dan EduardA bigger than expected cut in Australian interest rates last night turned AUD bearish against euro, USD and JPY in overnight trading. Additionally, poor US fundamentals brought USD/JPY to a fresh two-month low.
EUR Short Squeeze Presents Opportunities
December 20, 2011 3:10 pm by Russell GlaserAs discussed in today’s FOREXYARD Daily Analysis, overstretched market positioning has allowed for a bit of a EUR short squeeze on the back of a solid Spanish bond auction and strong US housing numbers.
Swedish Interest Rate Decision
December 19, 2011 1:00 pm by Russell GlaserThe Riksbank, Sweden’s central bank, will meet on Tuesday for its latest interest rate decision and could surprise investors. Consensus expectations are for only a 25 bp rate cut. This is despite a larger than forecasted reduction in the Norwegian ...
EUR Sinks Following Rating Agency Criticism
December 13, 2011 8:39 am by Russell GlaserThe EUR sunk to its lowest level since early October following comments by both Moody’s and Fitch. The rating agencies criticized last week’s EU economic summit which fell short of a solution to the current fiscal problems. There is a ...
Dovish Norges Bank Could Weigh on NOK
December 12, 2011 1:20 pm by Russell GlaserOn Wednesday at 13:00 GMT the Norwegian central bank will meet. Markets have already priced in a 25 bp cut but there may be scope for further easing of monetary policy which would likely weigh on the NOK.
Central Bank Interest Rate Results
December 8, 2011 1:59 pm by Russell GlaserAs expected the Bank of England left its interest rate unchanged and did not add to its quantitative easing (QE) program today. The European Central Bank lowered its key refinancing rate by 25 bp. Investors are anticipating additional easing measures ...
New Zealand Interest Rate Decision
December 7, 2011 2:24 pm by Russell GlaserToday at 20:00 GMT we will get the interest rate decision and press conference from the Reserve Bank of New Zealand. The RBNZ is expected to hold rates steady at 2.50% unlike the RBA which lowered Australian interest rates by ...
USD Up Following German Rejection of Double Bailout Plan
December 7, 2011 12:10 pm by Russell GlaserThe EUR has been unable to hold onto its gains following yesterday’s Financial Times story indicating EU negotiations are taking place to keep the existing European bailout when the new fund takes effect in mid-2012. The drop in the value ...
Crawling Towards the EU Economic Summit
December 6, 2011 12:57 pm by Russell GlaserThe news stream over the past 24 hours has been EUR negative with the exception of German industrial orders from October. Yet the EUR has begun to crawl back above the 1.34 level before the strong German data.
