Despite the stronger EUR, a well-regarded NY think tank says that the ECB will stick to its strategy of gradually withdrawing non-standard liquidity measures. They will deal with strength of the euro, if it is maintained, by delaying hikes in … Continue reading
Speaking at the Euromoney Forex Forum in New York, John Taylor has opined that EUR/USD will slip to 1.10 within 6 months and 1.00 within 12 months. He sees concerns over sovereign debt in euro zone peripheral countries like Ireland … Continue reading
Not a good week to be working in the mailroom…
Have a topic you’d like discussed at our round-table discussion later this week? Send them to jamie at forexlive dotcom
US DATA: American Staffing Assoc index 101 in Oct 24 wk, up 1 pt on the week.
When some of the bigger interbank players say that option activity is huge then that is something we should take heed of. We’ve been hearing for the last 2 weeks about the big option activity either side of a 1.3900 … Continue reading
Looks like the franc is providing a safe harbor for those who want to be short dollars but are nervous about holding EUR/USD longs amid a rekindling of sovereign debt tensions within Europe. EUR/CHF has come off to 1.3700 from … Continue reading
Cable has come under a little pressure, with UK clearer notable seller up around 1.6030. Middle Eastern soveriegn is said to have stepped in buying around 1.6010/15 lending some tenuous support. We’re presently at 1.6015.
Irish spreads over German bunds have widened to 490 bp from under 400 late last week. this are the widest on record. The euro shouldn’t really be able to take that sort of sovereign debt stress at its ease no … Continue reading
US DATA: Q3 housing vacancies: “National vacancy rates in the third quarter 2010 were 10.3 percent for rental housing and 2.5 percent for homeowner housing, the Department of Commerce’s Census Bureau announced today. The rental vacancy rate of 10.3 percent … Continue reading