Articles

GO Markets FX Analysis | China inspires moderate return to risk; Euro extends gains
November 23, 2012

China inspires moderate return to risk Risk currencies remained buoyant overnight following yesterdays encouraging Chinese PMI data. According to a gauge of manufacturing PMI compiled by HSBC, output in the region nudged over the line separating expa...

Read More
GO Markets FX Analysis | Yen succumbs to second wave of selling
November 22, 2012

Yen succumbs to second wave of selling The Japanese Yen continued to break free from its safe-haven status overnight, succumbing to a second wave of selling ahead of crucial elections in December. The Yen fell to fresh 7 month lows against the greenb...

Read More
GO Markets FX Analysis | Global markets grounded as ‘cliff’ optimism fades
November 21, 2012

Global markets grounded as ‘cliff’ optimism fades; all eyes Greece Despite moderate gains across European markets, an undercurrent of concern capped sentiment overnight with US equity losses encouraging selling across risk currencies. Markets are...

Read More
GO Markets FX Analysis | Risk currencies strike positive tone on fiscal cliff progress
November 20, 2012

Risk currencies strike positive tone on fiscal cliff progress US equities extended Friday’s gains overnight with market participants remaining encouraged by signs of progress on the fiscal cliff front. Better than expected housing data also kept ma...

Read More
GO Markets FX Analysis | A$ looks to US stocks for inspiration; RBA minutes on tap
November 19, 2012

A$ looks to US stocks for inspiration; RBA minutes on tap The domestic week ahead will see Tuesday’s RBA minutes take centre stage, and true to form local pundits will be looking closely for any sign to help the case for a December rate cut. As of ...

Read More
GO Markets FX Analysis | Aussie dollar extends losses; Yen slides on "unlimited" easing prospects
November 16, 2012

Euro-Zone enters technical recession; US fiscal blues persist From fiscal cliff concerns, a trough in US data points, and constant noise from the Euro region, a slew of negative directives remained a hindrance for global markets overnight. The devas...

Read More
GO Markets FX Analysis | Fed mulls extending operation twist; the ‘Evans Rule’ gains traction
November 15, 2012

Fed mulls extending operation twist; the ‘Evans Rule’ gains traction A number of Fed members saw a need to maintain its existing stimulus program of buying long-dated debt with the proceeds of short-term treasuries, according to the FOMC minutes ...

Read More
GO Markets FX Analysis | Risk currencies favoured but caution reigns supreme
November 14, 2012

Risk currencies favoured but caution reigns supreme Despite buoyancy across the risk spectrum, caution reigned supreme overnight with little in the way of conviction to carry markets significantly higher. True to form, Greece and the US fiscal cliff...

Read More
GO Markets FX Analysis | Risk currencies drift higher but the fiscal blues persist
November 13, 2012

Markets drift higher but the fiscal blues persist In lighter than usual trading volumes due to the US Veterans Day holiday, stocks managed to squeeze out moderate gains overnight, but fiscal cliff concerns remained the ominous theme on the street. Th...

Read More
GO Markets FX Analysis | Obama calls for grand bargain on fiscal cliff
November 12, 2012

Obama calls for grand bargain on fiscal cliff A sense of political closure lasted mere hours last week before Obama’s victory parade disbanded in place of the next political minefield, the fiscal cliff. The US dollar index which measures its value ...

Read More