GO Daily News

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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Stimulus conjecture to reach critical mass ahead of Fed’s Jackson Hole conference
August 26, 2012

The week ahead will see global markets transfixed on Friday’s gathering of the world’s central bank elite in Jackson Hole, Wyoming, for the annual Kansas City Fed symposium. In recent years the event has attracted increased attention in light of...

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Euro leads, A$ lags, but confusion reigns supreme
August 24, 2012

True to form, markets continued to interpret a largely inconsistent set of directives overnight, with mixed macroeconomic feedback from both sides of the Atlantic providing little in the way of clarity. Amid general optimism European leaders will fin...

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U.S dollar slides as Fed keeps QE dream alive
August 23, 2012

As anticipated, the release of the Fed policy meeting minutes were the key directive overnight, with the ensuing reaction across currencies showing the prospect of a third round quantitative still very much on the table. Although members remain cauti...

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Euro regains its lustre on ECB expectations
August 22, 2012

The Euro led a risk currency charge higher overnight with the EURUSD pair breaking the upside of US$1.24 for the first time since early July. Rumor and innuendo continue to drive currencies with investors focusing on the possible ECB initiatives in t...

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Euro drifts higher in lethargic trade; RBA minutes on tap
August 21, 2012

In what appeared to be a largely risk-neutral and lethargic offshore session, markets continued to tread water ahead of major forthcoming event risk such as the Fed’s annual Jackson Hole summit, FOMC meeting, and further feedback on ECB easing init...

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A$ slides as investors rein in stimulus expectations
August 20, 2012

Despite moderate support across U.S equities, the Australian dollar trajectory turned sharply south on Friday with the AUDUSD pair crossing the downside of various points of support, before bottoming out just above 104-figure.  The very same factors...

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Risk rebounds as Merkel rejoins the fray; Euro resumes upside trajectory
August 17, 2012

Fresh from vacation, overnight German Chancellor Angel Merkel echoed recent comments from ECB President Mario Draghi, saying “we feel committed to do everything we can in order to maintain the common currency.” In a further display of solidarity,...

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Subdued inflation puts U.S stimulus back on radar
August 16, 2012

Subdued inflation data in conjunction with slower growth expectations have once again given rise to hopes of near-term U.S stimulus. Headline inflation was flat in July against expectations of a moderate increase of 0.2 percent, representing annual g...

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Australian dollar falls as U.S stimulus hopes fade
August 15, 2012

The Australian dollar has taken another leg lower overnight coinciding with the release of the latest U.S retail sales report which jumped 0.8 percent in July, outpacing expectations of a more moderate 0.3 percent rise. Although we saw an immediate m...

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A$ slips as investors second guess U.S/Chinese stimulus
August 14, 2012

After a peaking above the 106 US cent region late last week, the Aussie dollar’s risk credentials came to the surface overnight, taking a broad leg lower against its major counterparts. The AUDUSD pair slipped to lows just below 105-figure which wa...

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China fears reemerge on trade shortfall; RBA shines light on A$ strength
August 12, 2012

Pessimism surrounding China’s growth sustainability pressured global markets on Friday after the latest trade data failed to keep pace with expectations. Exports of Chinese goods and services rose 1.0 percent annually in July from of 11.3 percent i...

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A$ keeps its lustre amid broad based Euro selling
August 10, 2012

After a period of relative stability, the Euro’s more negative attributes began to reassert themselves overnight, with the EURUSD pair falling below the 1.23 region for the first time this week. In what may be seen as mix of profit taking and techn...

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Sterling gains on rate/QE outlook; A$ eyes local jobs/Chinese CPI
August 9, 2012

In a largely risk-neutral session, expectations the European Central Bank will commence buying the distressed debt of Europe’s periphery remained a source of support. While moderate losses across European stocks and weakness from the Euro may sugge...

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