That is according to Citibank research reported here in the WSJ. If you had sold EUR/USD at the beginning of every NY session for the last year, you would have made a 9% return on your investment. (They don’t actually … Continue reading
Thanks to Tom for pointing out this story in the AFR which will also be weighing on the AUD this morning.
The market doesn’t react to these sorts of headlines at all but remember that these influential industry figures have the ear of the central banks.
The 21-dma is always a closely followed indicator for the AUD/USD and it comes in this morning at .9318; I’m hearing that there is plenty of buying interest around .9310/15 level with stop-loss sellers immediately below.
With the exception of the AUD, which is a mere 30 pips lower, all of the other major pairs are trading almost exactly where they were for the entire session yesterday There was some very heavy turnover in USD/JPY, with … Continue reading
BOJ keeps policy rate steady at 0.1% Moody’s downgrades 5 Dutch banking groups GBP eases on crosses after BOE Chief’s speech Singapore Q1 unemployment rate 2.1% Stockmarkets turn higher in afternoon trade, HK leads way +1% with other regionals +0.3% … Continue reading
The low so far has been 78.99 after the BOJ and well reported bids at 79.00 have soaked up most of the selling interest. Little bit overdone in my opinion, as the market hadn’t expected any further easing, but perhaps … Continue reading
No new easing steps USD/JPY has dipped towards support near 79.00
Thanks to Citibank for the following geography lesson, very useful before my European holiday. A little European geography lesson: – “Spain is not Greece.” Elena Salgado, Spanish Finance minister, February, 2010. – “Portugal is not Greece.” The Economist, April 2010. … Continue reading
That’s exactly as the advance estimate had predicted USD/SGD trading at 1.2775/80, with short-term support nearby at 1.2760.