The AUDUSD has been in a free fall since the September 5th high at 0.9400. The low reached 0.8683 yesterday. Has it gone enough? Looking at the hourly chart below, the AUDUSD fell below bottom trend line support in yesterday’s … Continue reading
The Financial Times reports that Draghi is pushing to include low-rated debt from Greece and Cyprus in ABS purchase programs: As part of the plan, people familiar with the matter say the ECB’s executive board, headed by Mr Draghi, will … Continue reading
The IMF is out with Q2 data on foreign exchange reserves (pdf). A few highlights: 1) Countries are building reserves: Overall reserves hit $12 trillion for the first time, up from $11.86T in Q1 and $11.13T a year earlier. 2) … Continue reading
The Russian central bank is now out with an official statement saying it does not plan to implement capital controls. Bloomberg has a look at how capital controls have fared. 37 countries restricted the flow of money out of their … Continue reading
The hubbub ahead of the end of the quarter: EUR/GBP selling Corporate and real money offers in USD/CAD above 1.1210, bids in the 1.1165/80 zone Worry about softer global macro beginning to offset US optimism Talk of duration buying in … Continue reading
What are you going to do? In about 15 minutes the the fix may work its magic and we may get a flurry of activity for the month/quarter end. As usual we’ll get an indication about 2-5 minutes before the … Continue reading
No comments from Federal Reserve Governor Powell on the outlook or monetary policy as he speaks on a government debt panel. We’ll watch out for comments in the audience Q&A later.
The USDJPY continued the shuffle to the 110.00 peak level (see weekend VIDEO outlining the key hurdles for the USDJPY in trading this week) On Thursday last week, the high reached 109.34. On Friday it got up to 109.52. Yesterday … Continue reading
Dow Jones cites a finance ministry spokeswoman. With a rumor like that you HAVE to deny it. Capita controls are only possible if it’s a surprise announcement.
The antipodean currencies have been on a steady upswing since the start of US trading. AUD/USD touched 0.8755 from as low as 0.8706. The kiwi is even more impressive at 0.7810 from 0.7736. A broad wave of US dollar selling … Continue reading