Articles

Risk currencies rally as Draghi’s grand rescue plan hits the spot
September 7, 2012

As anticipated the focus was squarely on the European Central Bank overnight and a quick glance across currency activity shows markets haven’t walked away disappointed. It’s apparent ECB President Mario Draghi has made good on his recent pledge t...

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A$ rallies on bittersweet jobs data
September 6, 2012

After maintaining a slow grind lower overnight, the Aussie’s been given a new lease on life on the back of the local jobs print. At first glance a drop in the official unemployment rate may be a positive outcome, nevertheless, look a little deeper ...

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A$ near 2-month low; expectations high ahead of ECB unveiling
September 6, 2012

There’s been a succession of negative themes driving the Australian dollar in recent weeks and little has changed over the last 24-hours. Considered to be another piece of the puzzle to suggest the start of a deeper south-bound correction, yesterda...

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A$ resumes downside after rates decision bounce; ISM data suggests inflation back on radar
September 5, 2012

Incoming economic data overnight continued to be evaluated in the context of how likely the Fed will come to the rescue and unleash QE3 at next week’s policy meeting. U.S equities initially reacted negatively to data showing sub-par manufacturing a...

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A$ falls to fresh six-week lows; RBA policy meeting in focus
September 4, 2012

Following on from yesterday’s losses, fresh concerns over China’s growth prospects and a series of less than inspiring local data points kept the Aussie dollar out-of-favor overnight, amid weaker volumes in light of the U.S Labor Day holiday. Fro...

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Bernanke strikes delicate balance on stimulus; ECB to unveil plan of attack
September 3, 2012

The week ahead is as big as it gets from a data perspective with policy meetings from the Euro-Zone, UK, Canada and Australia to be capped off by the much anticipated monthly round of U.S employment data on Friday. U.S stimulus conjecture will remain...

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U.S dollar strengthens as stimulus hopes fade
August 31, 2012

Overnight market activity shows investors have entered a price discovery phase ahead of Friday’s Jackson Hole conference, prompting losses across the risk spectrum and a stronger greenback. Markets are assessing each incoming data pulse in the cont...

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Mild bid tone guides greenback higher ahead of Fed conference
August 30, 2012

True to recent form, markets remained transfixed on the forthcoming Jackson Hole conference on Friday but there remained little in the way of convincing moves across the risk spectrum. The Aussie dollar continue to be capped below 104 US cents with m...

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Disappointment risk grows ahead of Jackson Hole
August 29, 2012

Risk currencies strengthened overnight largely responding to a heavy greenback across the board. Despite what appears to be a moderation in expectations ahead of this Friday’s Jackson Hole conference, we’ve yet to see this manifest in US dollar p...

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A$ maintains slow grind lower; Fed’s Evans calls for immediate action
August 28, 2012

Hopes of ECB intervention continued to underpin gains across European equities overnight, despite the latest German IFO business climate release falling to its lowest level since March 2010. Business conditions fell to an index level of 102.3 in Augu...

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