ACM Forex

US Session: US Unemployment Rises To 10.2%, But Drop In Risk Appetite Should Be Temporary

G10 Advancers and Decliners vs USD
JPY 0.99
GBP 0.06
CHF -0.18
EUR -0.22
FX markets have oscillated briskly since the US employment data this afternoon, as the Unemployment Rate posted a shock 10.2%…
6Nov2009 | Advanced Currency Markets | 0 comments | Continued

European Session: Waiting on NFP

G10 Advancers and Decliners vs USD
GBP 0.25
EUR 0.22
CHF 0.19
JPY 0.03
The USD weakened versus most of the majors with the exception of the JPY as US equities closed up nearly…
6Nov2009 | Advanced Currency Markets | 0 comments | Continued

US Session: BoE Expands QE, But Less Than Expected

G10 Advancers and Decliners vs USD
JPY 0.43
EUR 0.23
CHF 0.16
GBP 0.08
The headline event of the day was the BoE meeting where MPC members voted to maintain interest rates at 0.5%,…
5Nov2009 | Advanced Currency Markets | 0 comments | Continued

European Session: FOMC Signals Low Rates To Continue Contingent On Employment And Inflation

G10 Advancers and Decliners vs USD
JPY 0.57
CHF -0.12
EUR -0.14
GBP -0.53
Yesterday’s key event was the US FOMC meeting where policymakers kept rates on hold as expected. The headline aside, markets…
5Nov2009 | Advanced Currency Markets | 0 comments | Continued

US Session: Risk Assets Rally As US Data Disappoints

G10 Advancers and Decliners vs USD
GBP 1.14
CHF 1.06
EUR 1.03
JPY -0.69
The remaining European PMI releases this morning offered little to get FX markets moving, and Eurozone PMI was right on…
4Nov2009 | Advanced Currency Markets | 0 comments | Continued

European Session: All Eyes on the FOMC

G10 Advancers and Decliners vs USD
GBP 0.59
EUR 0.51
CHF 0.49
JPY -0.45
The USD has been slowly falling in the Asian session as risk appetite increases and equities rally. EURUSD traded higher…
4Nov2009 | Advanced Currency Markets | 0 comments | Continued

US Session: Dollar Makes Early Gains On Fragile Risk Sentiment But Reverses On US Data

G10 Advancers and Decliners vs USD
JPY -0.04
GBP -0.19
EUR -0.95
CHF -1.01
The USD gained against most of its major counterparts in the European morning as equity markets traded heavy and a…
3Nov2009 | Advanced Currency Markets | 0 comments | Continued

European Session: RBA Hikes Rates Again But Moderates Hawkish Tone

G10 Advancers and Decliners vs USD
JPY 0.17
EUR -0.03
CHF -0.09
GBP -0.36
The major news overnight has been the RBA meeting where rates were raised 25bps to 3.50% as expected. AUDUSD had…
3Nov2009 | Advanced Currency Markets | 0 comments | Continued

US Session: Better US ISM Data Boosts Risk Appetite As Markets Shrug Off CIT News

G10 Advancers and Decliners vs USD
CHF 0.83
EUR 0.75
GBP -0.31
JPY -0.95
Today’s data has been awash with PMI releases out of Europe, which were all broadly in line with forecasts (Eurozone,…
2Nov2009 | Advanced Currency Markets | 0 comments | Continued

European Session: CIT Bankruptcy Shakes Risk Appetite…Briefly

G10 Advancers and Decliners vs USD
EUR 0.08
CHF 0.01
GBP -0.07
JPY -0.14
The slightly weaker US economic data, as well as worries about the stability of the US financial industry, prompted selling…
2Nov2009 | Advanced Currency Markets | 0 comments | Continued

US Session: USD Rallies Back on Weaker Equities

G10 Advancers and Decliners vs USD
JPY 0.92
GBP -0.39
EUR -0.68
CHF -0.83
The lack of follow through in risk correlated trades has definitely raised some concerns over the sustainability of this risk…
30Oct2009 | Advanced Currency Markets | 0 comments | Continued

European Session: BoJ Announces Withdrawal Of Stimulus

G10 Advancers and Decliners vs USD
JPY 0.34
CHF 0.06
GBP 0.02
EUR 0.01
Yesterday’s better than expected US Q3 GDP has revitalized risk appetite; sending equity markets higher across Europe and the US…
30Oct2009 | Advanced Currency Markets | 0 comments | Continued

US Session: US Q3 GDP Beats Forecasts, Boosts Risk Appetite

G10 Advancers and Decliners vs USD
GBP 1.28
CHF 0.93
EUR 0.90
JPY -0.67
The day’s trading has been dominated by the US Q3 GDP release which convincingly beat expectations with a 3.5% annualized…
29Oct2009 | Advanced Currency Markets | 0 comments | Continued

European Session: Risk Aversion Puts EURUSD And Gold On The Ropes

G10 Advancers and Decliners vs USD
GBP 0.37
EUR 0.20
CHF 0.18
JPY 0.14
Equities traded heavily throughout the day yesterday, but it took a large miss in forecasts for US New Home Sales…
29Oct2009 | Advanced Currency Markets | 0 comments | Continued

US Session: Norges Bank Raises Rates, Dollar Trades Sideways Ahead Of Q3 GDP

G10 Advancers and Decliners vs USD
JPY 0.84
GBP 0.07
CHF -0.19
EUR -0.32
It’s been a choppy day’s trading for the USD; equity markets across Europe and the US have traded very heavily…
28Oct2009 | Advanced Currency Markets | 0 comments | Continued

European Session: US Recovery Seems to be Losing Momentum

G10 Advancers and Decliners vs USD
JPY 0.71
CHF 0.21
GBP 0.20
EUR 0.15
Risk appetite was slightly weaker in the Asian session, as equity markets failed to shake off a weak US consumer…
28Oct2009 | Advanced Currency Markets | 0 comments | Continued
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