Articles

A$ leads risk currency decline; greenback shows signs of life after Fed-induced slide
September 18, 2012

After last week’s Fed-induced fire sale, the US dollar went on the offensive overnight with series of factors providing a reprieve of sorts for the out-of-form safe haven. Liquidity was lighter than usual with investors taking a breather after last...

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Risk currencies rally as Fed takes the ‘QE3’ plunge
September 14, 2012

In a move largely predicted (or directed) by investors, overnight Ben Bernanke’s Federal Reserve finally gave markets the psychological boost they’ve have been craving. Commodities, equities, and risk currencies rallied in unison as the Federal O...

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ESM jumps critical hurdle; rally stalls ahead of FOMC decision
September 13, 2012

After months of anticipation, markets finally received closure over the Europe's permanent bailout fund, the European Stability Mechanism, after attempts to derail the implementation at it's inception. As markets broadly anticipated, the court ruled ...

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Risk currencies forge gains as US dollar’s appeal evaporates; disappointment risk grows
September 12, 2012

Gains across the risk spectrum resembled all signs of a fully fledged risk rally overnight with the commodity bloc leading an offensive higher against the out-of-form greenback. There were a series of dollar-negative themes floating about with this w...

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Risk currencies consolidate ahead of key event risk
September 11, 2012

Risk trends favored the greenback overnight it what could best be described as a healthy period of consolidation ahead a solid week of critical event risk. In addition to Thursday’s Federal Reserve policy meeting, we’ve also got influential theme...

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US jobs shortfall reignite stimulus hopes; A$ closes at weekly high
September 10, 2012

US stocks rallied and the greenback slid on Friday with the latest nonfarm payrolls print rebooting expectations the Federal Reserve will announce new stimulus measures at this week’s policy meeting. The US economy created 96,000 jobs in August fro...

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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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