Jutia Group » ACM Forex http://jutiagroup.com Market Jitters & Political Critters Sat, 21 Nov 2009 14:36:58 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 US Session: Sterling Suffers On Dollar Rebound http://jutiagroup.com/2009/11/20/us-session-sterling-suffers-on-dollar-rebound/ http://jutiagroup.com/2009/11/20/us-session-sterling-suffers-on-dollar-rebound/#comments Fri, 20 Nov 2009 17:45:28 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/20/us-session-sterling-suffers-on-dollar-rebound/
G10 Advancers and Decliners vs USD
JPY 0.05
EUR -0.44
CHF -0.53
GBP -0.86
There have been very few newsworthy events in today’s session, and even the handful of scheduled speakers lined up had very little effect on FX markets. The only driver therefore has been the performance of global equity markets; and with both European and US indices in negative territory, the USD has been able to make gains across the board. The hardest hit has been GBP which has tumbled over…

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G10 Advancers and Decliners vs USD
JPY 0.05
EUR -0.44
CHF -0.53
GBP -0.86
There have been very few newsworthy events in today’s session, and even the handful of scheduled speakers lined up had very little effect on FX markets. The only driver therefore has been the performance of global equity markets; and with both European and US indices in negative territory, the USD has been able to make gains across the board. The hardest hit has been GBP which has tumbled over…

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]]> http://jutiagroup.com/2009/11/20/us-session-sterling-suffers-on-dollar-rebound/feed/ 0 European Session: BoJ Holds Rates Steady http://jutiagroup.com/2009/11/20/european-session-boj-holds-rates-steady/ http://jutiagroup.com/2009/11/20/european-session-boj-holds-rates-steady/#comments Fri, 20 Nov 2009 10:40:59 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/20/european-session-boj-holds-rates-steady/
G10 Advancers and Decliners vs USD
JPY 0.04
EUR -0.02
CHF -0.06
GBP -0.21
Risk appetite stayed weak in the Asian session, after Wall Street closed lower but, overall, most of the trading in currencies and commodities was well in their ranges. The EURUSD traded between 1.4880 and 1.4940, while spot Gold traded between $1140 and $1147. With no first tier economic releases scheduled today, we don’t expect any one way trade of break out of the monthly ranges. But ranges…

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G10 Advancers and Decliners vs USD
JPY 0.04
EUR -0.02
CHF -0.06
GBP -0.21
Risk appetite stayed weak in the Asian session, after Wall Street closed lower but, overall, most of the trading in currencies and commodities was well in their ranges. The EURUSD traded between 1.4880 and 1.4940, while spot Gold traded between $1140 and $1147. With no first tier economic releases scheduled today, we don’t expect any one way trade of break out of the monthly ranges. But ranges…

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]]> http://jutiagroup.com/2009/11/20/european-session-boj-holds-rates-steady/feed/ 0 US Session: Dollar Gains On Equity Losses But Remains In Ranges http://jutiagroup.com/2009/11/19/us-session-dollar-gains-on-equity-losses-but-remains-in-ranges/ http://jutiagroup.com/2009/11/19/us-session-dollar-gains-on-equity-losses-but-remains-in-ranges/#comments Thu, 19 Nov 2009 18:03:31 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/19/us-session-dollar-gains-on-equity-losses-but-remains-in-ranges/
G10 Advancers and Decliners vs USD
JPY 0.41
EUR -0.55
GBP -0.62
CHF -0.68
The USD has remained bid throughout the day as poor equity market performances have moderated risk appetite. Commodities including gold and silver have retraced markedly from their highs, with gold dipping as low as $1133.16 from yesterday’s $1153 levels, and oil slipping 2.5% to trade at $77.50. The strength of the USD in today’s session has ensured that EURUSD remains comfortably within its…

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G10 Advancers and Decliners vs USD
JPY 0.41
EUR -0.55
GBP -0.62
CHF -0.68
The USD has remained bid throughout the day as poor equity market performances have moderated risk appetite. Commodities including gold and silver have retraced markedly from their highs, with gold dipping as low as $1133.16 from yesterday’s $1153 levels, and oil slipping 2.5% to trade at $77.50. The strength of the USD in today’s session has ensured that EURUSD remains comfortably within its…

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]]> http://jutiagroup.com/2009/11/19/us-session-dollar-gains-on-equity-losses-but-remains-in-ranges/feed/ 0 European Session: Fed Rhetoric Continues To Stir Up Markets http://jutiagroup.com/2009/11/19/european-session-fed-rhetoric-continues-to-stir-up-markets/ http://jutiagroup.com/2009/11/19/european-session-fed-rhetoric-continues-to-stir-up-markets/#comments Thu, 19 Nov 2009 09:05:52 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/19/european-session-fed-rhetoric-continues-to-stir-up-markets/
G10 Advancers and Decliners vs USD
JPY 0.44
GBP -0.44
EUR -0.51
CHF -0.56
Gold has once again outshone other assets classes by powering to new highs above $1153, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major and EM currencies against the USD (albeit to a less impressive extent), however underlining the disintegration of recent correlations, equity markets put in a rather mediocre performance on the…

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G10 Advancers and Decliners vs USD
JPY 0.44
GBP -0.44
EUR -0.51
CHF -0.56
Gold has once again outshone other assets classes by powering to new highs above $1153, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major and EM currencies against the USD (albeit to a less impressive extent), however underlining the disintegration of recent correlations, equity markets put in a rather mediocre performance on the…

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]]> http://jutiagroup.com/2009/11/19/european-session-fed-rhetoric-continues-to-stir-up-markets/feed/ 0 US Session: Bullard Sets Base Timeline For Fed Hike At Early 2012 http://jutiagroup.com/2009/11/18/us-session-bullard-sets-base-timeline-for-fed-hike-at-early-2012/ http://jutiagroup.com/2009/11/18/us-session-bullard-sets-base-timeline-for-fed-hike-at-early-2012/#comments Wed, 18 Nov 2009 17:52:19 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/18/us-session-bullard-sets-base-timeline-for-fed-hike-at-early-2012/
G10 Advancers and Decliners vs USD
CHF 0.70
EUR 0.66
JPY -0.16
GBP -0.35
Gold has once again outshone other assets classes by powering to new highs above $1152, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major and EM currencies against the USD (albeit to a less impressive extent), however underlining the disintegration of recent correlations, equity markets have put in a rather mediocre performance on the…

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G10 Advancers and Decliners vs USD
CHF 0.70
EUR 0.66
JPY -0.16
GBP -0.35
Gold has once again outshone other assets classes by powering to new highs above $1152, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major and EM currencies against the USD (albeit to a less impressive extent), however underlining the disintegration of recent correlations, equity markets have put in a rather mediocre performance on the…

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]]> http://jutiagroup.com/2009/11/18/us-session-bullard-sets-base-timeline-for-fed-hike-at-early-2012/feed/ 0 Sterling Speculators Await Release Of BoE Minutes http://jutiagroup.com/2009/11/18/sterling-speculators-await-release-of-boe-minutes/ http://jutiagroup.com/2009/11/18/sterling-speculators-await-release-of-boe-minutes/#comments Wed, 18 Nov 2009 09:39:08 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/18/sterling-speculators-await-release-of-boe-minutes/
G10 Advancers and Decliners vs USD
EUR 0.20
CHF 0.19
JPY 0.14
GBP -0.01
There has been some consolidation in FX overnight after yesterday’s USD rally pushed EURUSD to threaten its 12 month uptrend and test major resistance at 1.4810. The catalyst appears to have been comments from the Fed’s Yellen that suggested higher rates could help stem “damaging” leverage; yet another piece of rhetoric that has unnerved short USD positions after Bernanke’s comments the day…

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G10 Advancers and Decliners vs USD
EUR 0.20
CHF 0.19
JPY 0.14
GBP -0.01
There has been some consolidation in FX overnight after yesterday’s USD rally pushed EURUSD to threaten its 12 month uptrend and test major resistance at 1.4810. The catalyst appears to have been comments from the Fed’s Yellen that suggested higher rates could help stem “damaging” leverage; yet another piece of rhetoric that has unnerved short USD positions after Bernanke’s comments the day…

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]]> http://jutiagroup.com/2009/11/18/sterling-speculators-await-release-of-boe-minutes/feed/ 0 US Session: The Dollar Recoups Losses On Fed-Speak And Mediocre Equity Market Performance http://jutiagroup.com/2009/11/17/us-session-the-dollar-recoups-losses-on-fed-speak-and-mediocre-equity-market-performance/ http://jutiagroup.com/2009/11/17/us-session-the-dollar-recoups-losses-on-fed-speak-and-mediocre-equity-market-performance/#comments Tue, 17 Nov 2009 17:44:43 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/17/us-session-the-dollar-recoups-losses-on-fed-speak-and-mediocre-equity-market-performance/
G10 Advancers and Decliners vs USD
GBP -0.24
JPY -0.41
EUR -0.90
CHF -1.08
The USD has recouped some of its recent losses today as equity markets failed to sustain the positive momentum of yesterday’s strong rally. EURUSD has sold off markedly from its early visit to 1.4999 highs to touch a low of 1.4826; dangerously close to confirming a break of the 12-month uptrend, and just above 1.4815 key support. Tomorrow’s Eurozone data is unlikely to be market-moving with just…

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G10 Advancers and Decliners vs USD
GBP -0.24
JPY -0.41
EUR -0.90
CHF -1.08
The USD has recouped some of its recent losses today as equity markets failed to sustain the positive momentum of yesterday’s strong rally. EURUSD has sold off markedly from its early visit to 1.4999 highs to touch a low of 1.4826; dangerously close to confirming a break of the 12-month uptrend, and just above 1.4815 key support. Tomorrow’s Eurozone data is unlikely to be market-moving with just…

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]]> http://jutiagroup.com/2009/11/17/us-session-the-dollar-recoups-losses-on-fed-speak-and-mediocre-equity-market-performance/feed/ 0 European Session: Bernankes Comments Linger http://jutiagroup.com/2009/11/17/european-session-bernankes-comments-linger/ http://jutiagroup.com/2009/11/17/european-session-bernankes-comments-linger/#comments Tue, 17 Nov 2009 10:10:12 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/17/european-session-bernankes-comments-linger/
G10 Advancers and Decliners vs USD
JPY 0.47
GBP 0.29
CHF 0.03
EUR 0.02
Yesterday comments by Fed Chairman Bernanke disrupted FX markets, when he mentioned the USD in his speech at an event at the Economic Club of New York. Since the US treasury is the usual voice of US dollar policy, it caught the market fully off guard. In a knee-jerk reaction, USD buyers hit the market pushing EURUSD down to 1.4880 from 1.4970. The lingering effects of the Chairman’s comments…

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G10 Advancers and Decliners vs USD
JPY 0.47
GBP 0.29
CHF 0.03
EUR 0.02
Yesterday comments by Fed Chairman Bernanke disrupted FX markets, when he mentioned the USD in his speech at an event at the Economic Club of New York. Since the US treasury is the usual voice of US dollar policy, it caught the market fully off guard. In a knee-jerk reaction, USD buyers hit the market pushing EURUSD down to 1.4880 from 1.4970. The lingering effects of the Chairman’s comments…

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]]> http://jutiagroup.com/2009/11/17/european-session-bernankes-comments-linger/feed/ 0 Bernanke Spooks Markets With Strong Dollar Rhetoric http://jutiagroup.com/2009/11/16/bernanke-spooks-markets-with-strong-dollar-rhetoric/ http://jutiagroup.com/2009/11/16/bernanke-spooks-markets-with-strong-dollar-rhetoric/#comments Mon, 16 Nov 2009 18:46:12 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/16/bernanke-spooks-markets-with-strong-dollar-rhetoric/
G10 Advancers and Decliners vs USD
GBP 0.63
JPY 0.22
EUR 0.15
CHF 0.14
Currency markets have been stuck in relatively tight ranges for most of the day as strong equity market performances across Europe and the US negated slightly disappointing economic data releases. Gold took advantage of the positive risk sentiment to power to new highs at $1136.70, a staggering 8.8% gain month-to-date, however in contrast (perhaps highlighting the breakdown in the correlation)…

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G10 Advancers and Decliners vs USD
GBP 0.63
JPY 0.22
EUR 0.15
CHF 0.14
Currency markets have been stuck in relatively tight ranges for most of the day as strong equity market performances across Europe and the US negated slightly disappointing economic data releases. Gold took advantage of the positive risk sentiment to power to new highs at $1136.70, a staggering 8.8% gain month-to-date, however in contrast (perhaps highlighting the breakdown in the correlation)…

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]]> http://jutiagroup.com/2009/11/16/bernanke-spooks-markets-with-strong-dollar-rhetoric/feed/ 0 Japanese GDP Growth Accelerates http://jutiagroup.com/2009/11/16/japanese-gdp-growth-accelerates/ http://jutiagroup.com/2009/11/16/japanese-gdp-growth-accelerates/#comments Mon, 16 Nov 2009 08:57:49 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/16/japanese-gdp-growth-accelerates/
G10 Advancers and Decliners vs USD
EUR 0.59
CHF 0.58
GBP 0.44
JPY 0.09
The USD begins another week on the back foot as momentum from Friday’s post-U.Mich sell-off continues and Asian equities have started the session off with strong gains. The buoyant sentiment across Asian markets has been fuelled by Japan’s Q3 GDP figures which revealed the economy grew by an annualized pace of 4.8%, considerably higher than the 2.9% anticipated, and indeed the fastest pace of…

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G10 Advancers and Decliners vs USD
EUR 0.59
CHF 0.58
GBP 0.44
JPY 0.09
The USD begins another week on the back foot as momentum from Friday’s post-U.Mich sell-off continues and Asian equities have started the session off with strong gains. The buoyant sentiment across Asian markets has been fuelled by Japan’s Q3 GDP figures which revealed the economy grew by an annualized pace of 4.8%, considerably higher than the 2.9% anticipated, and indeed the fastest pace of…

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]]> http://jutiagroup.com/2009/11/16/japanese-gdp-growth-accelerates/feed/ 0 US Session: US Data Underperforms http://jutiagroup.com/2009/11/13/us-session-us-data-underperforms/ http://jutiagroup.com/2009/11/13/us-session-us-data-underperforms/#comments Fri, 13 Nov 2009 17:52:04 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/13/us-session-us-data-underperforms/
G10 Advancers and Decliners vs USD
JPY 0.85
GBP 0.72
CHF 0.16
EUR 0.09
FX markets just have that feeling of being tired. USD gained much of the ground it lost in European session as the outlook for US growth took a negative turn. But first in the European session Q3 GDP growth figures printed at 0.4% q/q slightly lower then the 0.5% expected but still showing that the economy emerged from the recession. The US University of Michigan measure of consumer confidence…

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G10 Advancers and Decliners vs USD
JPY 0.85
GBP 0.72
CHF 0.16
EUR 0.09
FX markets just have that feeling of being tired. USD gained much of the ground it lost in European session as the outlook for US growth took a negative turn. But first in the European session Q3 GDP growth figures printed at 0.4% q/q slightly lower then the 0.5% expected but still showing that the economy emerged from the recession. The US University of Michigan measure of consumer confidence…

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]]> http://jutiagroup.com/2009/11/13/us-session-us-data-underperforms/feed/ 0 European Session: Waiting on Eurozone GDP http://jutiagroup.com/2009/11/13/european-session-waiting-on-eurozone-gdp/ http://jutiagroup.com/2009/11/13/european-session-waiting-on-eurozone-gdp/#comments Fri, 13 Nov 2009 10:40:27 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/13/european-session-waiting-on-eurozone-gdp/
G10 Advancers and Decliners vs USD
GBP 0.50
JPY 0.14
EUR 0.03
CHF -0.02
With a light calendar today, markets should continue to consolidate. Concerns over reports that China might increase the rate of CNY appreciation are also still lingering. Softer equities in Asia have coincided with USD strength, but with European stock staging a subtle comeback (volumes continue to be unimpressive) we are seeing EUR buyers step into the fray. Commodities were generally lower…

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G10 Advancers and Decliners vs USD
GBP 0.50
JPY 0.14
EUR 0.03
CHF -0.02
With a light calendar today, markets should continue to consolidate. Concerns over reports that China might increase the rate of CNY appreciation are also still lingering. Softer equities in Asia have coincided with USD strength, but with European stock staging a subtle comeback (volumes continue to be unimpressive) we are seeing EUR buyers step into the fray. Commodities were generally lower…

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]]> http://jutiagroup.com/2009/11/13/european-session-waiting-on-eurozone-gdp/feed/ 0 The Dollar Recovers On Technical Momentum http://jutiagroup.com/2009/11/12/the-dollar-recovers-on-technical-momentum/ http://jutiagroup.com/2009/11/12/the-dollar-recovers-on-technical-momentum/#comments Thu, 12 Nov 2009 17:40:30 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/12/the-dollar-recovers-on-technical-momentum/
G10 Advancers and Decliners vs USD
GBP -0.25
JPY -0.62
EUR -0.81
CHF -0.85
The USD has recouped some losses today as equities put in a mixed performance and stale USD shorts were cleared from the market on technically-driven momentum. The morning’s release of European Industrial Production was broadly balanced in effect on risk sentiment as the September reading missed forecasts at 0.2% MoM (0.5% expected), but the reading from the month prior was revised higher from…

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G10 Advancers and Decliners vs USD
GBP -0.25
JPY -0.62
EUR -0.81
CHF -0.85
The USD has recouped some losses today as equities put in a mixed performance and stale USD shorts were cleared from the market on technically-driven momentum. The morning’s release of European Industrial Production was broadly balanced in effect on risk sentiment as the September reading missed forecasts at 0.2% MoM (0.5% expected), but the reading from the month prior was revised higher from…

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]]> http://jutiagroup.com/2009/11/12/the-dollar-recovers-on-technical-momentum/feed/ 0 Risk Appetite Elevated After Australian Jobs Data http://jutiagroup.com/2009/11/12/risk-appetite-elevated-after-australian-jobs-data/ http://jutiagroup.com/2009/11/12/risk-appetite-elevated-after-australian-jobs-data/#comments Thu, 12 Nov 2009 08:54:18 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/12/risk-appetite-elevated-after-australian-jobs-data/
G10 Advancers and Decliners vs USD
JPY 0.11
EUR 0.03
CHF -0.01
GBP -0.04
Risk appetite has been maintained across the FX markets after Australian Unemployment figures overnight remained relatively stable at 5.8% as expected. AUDUSD rallied sharply after the release from 0.9310 to 0.9370, and bids have kept the pair elevated around 0.9350 levels into the European session. The news comes in the wake of disappointing New Zealand Retail Sales figures which could only…

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G10 Advancers and Decliners vs USD
JPY 0.11
EUR 0.03
CHF -0.01
GBP -0.04
Risk appetite has been maintained across the FX markets after Australian Unemployment figures overnight remained relatively stable at 5.8% as expected. AUDUSD rallied sharply after the release from 0.9310 to 0.9370, and bids have kept the pair elevated around 0.9350 levels into the European session. The news comes in the wake of disappointing New Zealand Retail Sales figures which could only…

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]]> http://jutiagroup.com/2009/11/12/risk-appetite-elevated-after-australian-jobs-data/feed/ 0 US Session: http://jutiagroup.com/2009/11/11/us-session-2/ http://jutiagroup.com/2009/11/11/us-session-2/#comments Wed, 11 Nov 2009 17:39:12 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/11/us-session-2/
G10 Advancers and Decliners vs USD
JPY 0.05
CHF -0.11
EUR -0.18
GBP -1.14
GBP has taken a considerable beating today compared with its major peers despite a surprise drop in ILO Unemployment rate to 7.8% (8.0% expected, 7.9% last), and the BoE’s Quarterly Inflation Report which upgraded growth forecasts modestly and indicated inflation was set to rise sharply in the short term. GBPUSD was trading around 1.6750 before the release but rapidly plunged down to 1.6650 and…

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G10 Advancers and Decliners vs USD
JPY 0.05
CHF -0.11
EUR -0.18
GBP -1.14
GBP has taken a considerable beating today compared with its major peers despite a surprise drop in ILO Unemployment rate to 7.8% (8.0% expected, 7.9% last), and the BoE’s Quarterly Inflation Report which upgraded growth forecasts modestly and indicated inflation was set to rise sharply in the short term. GBPUSD was trading around 1.6750 before the release but rapidly plunged down to 1.6650 and…

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]]> http://jutiagroup.com/2009/11/11/us-session-2/feed/ 0 European Session: Risk Rally Continues on Strong Chinese Data http://jutiagroup.com/2009/11/11/european-session-risk-rally-continues-on-strong-chinese-data/ http://jutiagroup.com/2009/11/11/european-session-risk-rally-continues-on-strong-chinese-data/#comments Wed, 11 Nov 2009 10:17:03 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/11/european-session-risk-rally-continues-on-strong-chinese-data/
G10 Advancers and Decliners vs USD
GBP 0.17
EUR 0.13
CHF 0.08
JPY -0.18
Risk correlated trades continue to appreciate and are showing no signs of weakening. In fact, there are fundamental reasons why the rally should continue. First, several Fed officials suggested that the Fed is still not close to shifting its policy stance. Fed Presidents Lockhart, Yellen and Rosengren, in particular, sounded wary on the economic recovery, even as they recognized the significance…

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G10 Advancers and Decliners vs USD
GBP 0.17
EUR 0.13
CHF 0.08
JPY -0.18
Risk correlated trades continue to appreciate and are showing no signs of weakening. In fact, there are fundamental reasons why the rally should continue. First, several Fed officials suggested that the Fed is still not close to shifting its policy stance. Fed Presidents Lockhart, Yellen and Rosengren, in particular, sounded wary on the economic recovery, even as they recognized the significance…

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]]> http://jutiagroup.com/2009/11/11/european-session-risk-rally-continues-on-strong-chinese-data/feed/ 0 ZEW Survey Misses Expectations http://jutiagroup.com/2009/11/10/zew-survey-misses-expectations/ http://jutiagroup.com/2009/11/10/zew-survey-misses-expectations/#comments Tue, 10 Nov 2009 18:07:33 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/10/zew-survey-misses-expectations/
G10 Advancers and Decliners vs USD
JPY 0.14
CHF -0.15
EUR -0.29
GBP -0.47
It has been a day of consolidation for most asset classes as risk appetite has lacked new stimulus to propel it higher, and the meagre few risk events on the calendar have had very little directional influence on FX. The morning schedule included Swedish Industrial Production which was slightly lower than anticipated (0.2% MoM vs. 0.5% expected ) and Norwegian CPI which also missed estimates at…

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G10 Advancers and Decliners vs USD
JPY 0.14
CHF -0.15
EUR -0.29
GBP -0.47
It has been a day of consolidation for most asset classes as risk appetite has lacked new stimulus to propel it higher, and the meagre few risk events on the calendar have had very little directional influence on FX. The morning schedule included Swedish Industrial Production which was slightly lower than anticipated (0.2% MoM vs. 0.5% expected ) and Norwegian CPI which also missed estimates at…

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]]> http://jutiagroup.com/2009/11/10/zew-survey-misses-expectations/feed/ 0 Sterling Struggles On Risk Of Fitch Downgrade http://jutiagroup.com/2009/11/10/sterling-struggles-on-risk-of-fitch-downgrade/ http://jutiagroup.com/2009/11/10/sterling-struggles-on-risk-of-fitch-downgrade/#comments Tue, 10 Nov 2009 08:57:25 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/10/sterling-struggles-on-risk-of-fitch-downgrade/
G10 Advancers and Decliners vs USD
EUR 0.88
CHF 0.79
GBP 0.30
JPY -0.04
Most major and EM currencies remain at elevated levels vs. the USD as Asian equity markets continue to make gains and highlight that risk appetite is alive and well. EURUSD remains well supported above 1.4940-50, but is still yet to make its next move to resistance at 1.5063 (26 Oct high), and thereafter 1.5100 resistance. Today’s German CPI (EU harmonized) figures were slightly subdued at 0.1%…

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G10 Advancers and Decliners vs USD
EUR 0.88
CHF 0.79
GBP 0.30
JPY -0.04
Most major and EM currencies remain at elevated levels vs. the USD as Asian equity markets continue to make gains and highlight that risk appetite is alive and well. EURUSD remains well supported above 1.4940-50, but is still yet to make its next move to resistance at 1.5063 (26 Oct high), and thereafter 1.5100 resistance. Today’s German CPI (EU harmonized) figures were slightly subdued at 0.1%…

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]]> http://jutiagroup.com/2009/11/10/sterling-struggles-on-risk-of-fitch-downgrade/feed/ 0 European Session: No Mention of FX in G20 Communiqué http://jutiagroup.com/2009/11/09/european-session-no-mention-of-fx-in-g20-communique/ http://jutiagroup.com/2009/11/09/european-session-no-mention-of-fx-in-g20-communique/#comments Mon, 09 Nov 2009 19:00:12 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/09/european-session-no-mention-of-fx-in-g20-communique/
G10 Advancers and Decliners vs USD
GBP 1.00
EUR 0.82
CHF 0.79
JPY -0.30
The G20 communiqué released over the weekend didn’t mention FX, which cleared the way for risk appetite to surge. Asian regional equity indexes moved higher, with Hang Sang up 1.14%. Spot Gold surged to $1108.40 today, EURUSD followed up to 1.4986 and GBPUSD hit 1.6801. The risk correlation was tested on Friday, as the US released another disappointing set of payrolls (came in at -190k vs….

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G10 Advancers and Decliners vs USD
GBP 1.00
EUR 0.82
CHF 0.79
JPY -0.30
The G20 communiqué released over the weekend didn’t mention FX, which cleared the way for risk appetite to surge. Asian regional equity indexes moved higher, with Hang Sang up 1.14%. Spot Gold surged to $1108.40 today, EURUSD followed up to 1.4986 and GBPUSD hit 1.6801. The risk correlation was tested on Friday, as the US released another disappointing set of payrolls (came in at -190k vs….

Read More …

]]> http://jutiagroup.com/2009/11/09/european-session-no-mention-of-fx-in-g20-communique/feed/ 0 US Session: Risk Appetite Sends Equities, EURUSD And Gold Higher http://jutiagroup.com/2009/11/09/us-session-risk-appetite-sends-equities-eurusd-and-gold-higher/ http://jutiagroup.com/2009/11/09/us-session-risk-appetite-sends-equities-eurusd-and-gold-higher/#comments Mon, 09 Nov 2009 18:17:37 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/09/us-session-risk-appetite-sends-equities-eurusd-and-gold-higher/
G10 Advancers and Decliners vs USD
EUR 1.00
CHF 0.95
GBP 0.63
JPY -0.06
Risk Appetite Sends Equities, EURUSD And Gold Higher

With no significant data events to excite FX markets, today’s moves have been largely driven by improving risk sentiment since the G20 meeting. Global equity indices are up 1-2% across the board, gold remains supported above $1105 (having touched a new high of $1111.19), whilst most major and EM currencies have spent the day grinding gradually…

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G10 Advancers and Decliners vs USD
EUR 1.00
CHF 0.95
GBP 0.63
JPY -0.06
Risk Appetite Sends Equities, EURUSD And Gold Higher

With no significant data events to excite FX markets, today’s moves have been largely driven by improving risk sentiment since the G20 meeting. Global equity indices are up 1-2% across the board, gold remains supported above $1105 (having touched a new high of $1111.19), whilst most major and EM currencies have spent the day grinding gradually…

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]]> http://jutiagroup.com/2009/11/09/us-session-risk-appetite-sends-equities-eurusd-and-gold-higher/feed/ 0 US Session: US Unemployment Rises To 10.2%, But Drop In Risk Appetite Should Be Temporary http://jutiagroup.com/2009/11/06/us-session-us-unemployment-rises-to-10-2-but-drop-in-risk-appetite-should-be-temporary/ http://jutiagroup.com/2009/11/06/us-session-us-unemployment-rises-to-10-2-but-drop-in-risk-appetite-should-be-temporary/#comments Fri, 06 Nov 2009 18:11:28 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/06/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% against estimates for 9.9% (from last month’s 9.8%). The Change in Non-Farm Payrolls themselves were also worse than expected at -190k (vs. -175k consensus), but the figure was sweetened somewhat by last month’s upward revisions to -219k from -263k.

We expected worse…

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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% against estimates for 9.9% (from last month’s 9.8%). The Change in Non-Farm Payrolls themselves were also worse than expected at -190k (vs. -175k consensus), but the figure was sweetened somewhat by last month’s upward revisions to -219k from -263k.

We expected worse…

Read More …

]]> http://jutiagroup.com/2009/11/06/us-session-us-unemployment-rises-to-10-2-but-drop-in-risk-appetite-should-be-temporary/feed/ 0 European Session: Waiting on NFP http://jutiagroup.com/2009/11/06/european-session-waiting-on-nfp-2/ http://jutiagroup.com/2009/11/06/european-session-waiting-on-nfp-2/#comments Fri, 06 Nov 2009 10:38:52 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/06/european-session-waiting-on-nfp-2/
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 2% and Asia markets are also much higher across the board. Positive economic data and optimistic central bank commentary helped spur risk-seeking as EURUSD traded 1.4812-1.4919 and USDJPY 90.88-89.99. Oil is now above $80 and gold remains bid at $1095.

Yesterday, the Bank of England held…

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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 2% and Asia markets are also much higher across the board. Positive economic data and optimistic central bank commentary helped spur risk-seeking as EURUSD traded 1.4812-1.4919 and USDJPY 90.88-89.99. Oil is now above $80 and gold remains bid at $1095.

Yesterday, the Bank of England held…

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]]> http://jutiagroup.com/2009/11/06/european-session-waiting-on-nfp-2/feed/ 0 US Session: BoE Expands QE, But Less Than Expected http://jutiagroup.com/2009/11/05/us-session-boe-expands-qe-but-less-than-expected/ http://jutiagroup.com/2009/11/05/us-session-boe-expands-qe-but-less-than-expected/#comments Thu, 05 Nov 2009 18:14:15 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/05/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%, but more significantly, chose to increase their asset purchase target by only GBP25bn (vs. consensus estimates for 50bn). The smaller-than-expected expansion of the QE program caused a rapid spike in GBPUSD from 1.6500 to 1.6600, as markets perceived this move signaled a less severe…

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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%, but more significantly, chose to increase their asset purchase target by only GBP25bn (vs. consensus estimates for 50bn). The smaller-than-expected expansion of the QE program caused a rapid spike in GBPUSD from 1.6500 to 1.6600, as markets perceived this move signaled a less severe…

Read More …

]]> http://jutiagroup.com/2009/11/05/us-session-boe-expands-qe-but-less-than-expected/feed/ 0 European Session: FOMC Signals Low Rates To Continue Contingent On Employment And Inflation http://jutiagroup.com/2009/11/05/european-session-fomc-signals-low-rates-to-continue-contingent-on-employment-and-inflation/ http://jutiagroup.com/2009/11/05/european-session-fomc-signals-low-rates-to-continue-contingent-on-employment-and-inflation/#comments Thu, 05 Nov 2009 09:13:30 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/05/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 were more keenly awaiting the accompanying statement for an insight into how Fed officials have incorporated recently improved US data into their policy view, and whether this environment of cheap liquidity would continue going forward.

True to form, the statement was…

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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 were more keenly awaiting the accompanying statement for an insight into how Fed officials have incorporated recently improved US data into their policy view, and whether this environment of cheap liquidity would continue going forward.

True to form, the statement was…

Read More …

]]> http://jutiagroup.com/2009/11/05/european-session-fomc-signals-low-rates-to-continue-contingent-on-employment-and-inflation/feed/ 0 US Session: Risk Assets Rally As US Data Disappoints http://jutiagroup.com/2009/11/04/us-session-risk-assets-rally-as-us-data-disappoints/ http://jutiagroup.com/2009/11/04/us-session-risk-assets-rally-as-us-data-disappoints/#comments Wed, 04 Nov 2009 17:45:59 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/04/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 expectations at -0.4% MoM in Sep (-7.7% YoY). The breakdown of the PPI data highlighted ongoing deflation in consumer and capital goods components, but failed to unnerve EUR bulls as the broader trend of USD-selling prevailed across all assets classes. Gold has subsequently…

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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 expectations at -0.4% MoM in Sep (-7.7% YoY). The breakdown of the PPI data highlighted ongoing deflation in consumer and capital goods components, but failed to unnerve EUR bulls as the broader trend of USD-selling prevailed across all assets classes. Gold has subsequently…

Read More …

]]> http://jutiagroup.com/2009/11/04/us-session-risk-assets-rally-as-us-data-disappoints/feed/ 0 European Session: All Eyes on the FOMC http://jutiagroup.com/2009/11/04/european-session-all-eyes-on-the-fomc/ http://jutiagroup.com/2009/11/04/european-session-all-eyes-on-the-fomc/#comments Wed, 04 Nov 2009 11:00:11 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/04/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 to 1.4770 from 1.4660 while USDJPY climbed to 90.90 from 90.20. Risk correlated trades generally received a boost from Berkshire Hathaway agreeing to buy railroad Burlington Northern Santa Fe Corp and News Tuesday that the Reserve Bank of India bought 200 metric tons of gold…

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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 to 1.4770 from 1.4660 while USDJPY climbed to 90.90 from 90.20. Risk correlated trades generally received a boost from Berkshire Hathaway agreeing to buy railroad Burlington Northern Santa Fe Corp and News Tuesday that the Reserve Bank of India bought 200 metric tons of gold…

Read More …

]]> http://jutiagroup.com/2009/11/04/european-session-all-eyes-on-the-fomc/feed/ 0 US Session: Dollar Makes Early Gains On Fragile Risk Sentiment But Reverses On US Data http://jutiagroup.com/2009/11/03/us-session-dollar-makes-early-gains-on-fragile-risk-sentiment-but-reverses-on-us-data/ http://jutiagroup.com/2009/11/03/us-session-dollar-makes-early-gains-on-fragile-risk-sentiment-but-reverses-on-us-data/#comments Tue, 03 Nov 2009 18:00:53 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/03/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 lack of significant data allowed risk sentiment to dwindle. Norwegian PMI data disappointed with a 45.8 print in Oct, much lower than forecasts for 47.2 and down on the Sep reading at 46.7. EURNOK rallied from 8.5150 to 8.5575 after the release but NOK has recovered strongly this…

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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 lack of significant data allowed risk sentiment to dwindle. Norwegian PMI data disappointed with a 45.8 print in Oct, much lower than forecasts for 47.2 and down on the Sep reading at 46.7. EURNOK rallied from 8.5150 to 8.5575 after the release but NOK has recovered strongly this…

Read More …

]]> http://jutiagroup.com/2009/11/03/us-session-dollar-makes-early-gains-on-fragile-risk-sentiment-but-reverses-on-us-data/feed/ 0 European Session: RBA Hikes Rates Again But Moderates Hawkish Tone http://jutiagroup.com/2009/11/03/european-session-rba-hikes-rates-again-but-moderates-hawkish-tone/ http://jutiagroup.com/2009/11/03/european-session-rba-hikes-rates-again-but-moderates-hawkish-tone/#comments Tue, 03 Nov 2009 08:43:40 +0000 Advanced Currency Markets http://jutiagroup.com/2009/11/03/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 ground gradually higher in anticipation of the announcement, but sold off from 0.9090 to 0.9007 after the release as the supplementary statement sounded a moderately less hawkish tone. The statement removed previous comments that the “very expansionary setting” of current rates was…

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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 ground gradually higher in anticipation of the announcement, but sold off from 0.9090 to 0.9007 after the release as the supplementary statement sounded a moderately less hawkish tone. The statement removed previous comments that the “very expansionary setting” of current rates was…

Read More …

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