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 ...
Speculators Maintain Sizable EUR Short Position
December 13, 2011 11:16 am by Russell GlaserThe most recent CFTC IMM data shows speculators reduced their EUR bearish bets though the market's short position remains close to levels last seen in the summer of 2010.
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 ...
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.
EUR Stable Following Italian Budget Reforms
December 5, 2011 1:01 pm by Russell GlaserIn light trade this morning the EUR is higher after Italy presented new austerity measures to help calm bond investors who have been pressuring Italy over the past two months. According to the most recent IMM data FX traders continue ...
FX Majors Consolidating after Yesterday’s Rally
December 1, 2011 12:59 pm by Russell GlaserSuccessful bond auctions in Spain and France have kept the markets buoyant with Asian equities rallying, though this may be just be markets playing catch up with their American counterparts after yesterday’s rally. European stocks are mixed while the major ...
