Posts Tagged ‘Higher’
The greatest pleasure in life is doing what people say you cannot do. ~ Walter Bagehot Good morning. Dollar keeps losing altitude as the correction continues, while risk-sensitive pairs follow stocks higher. Important releases today are the CPI and Initial Jobless Claims (See FX Calendar) USD Index Now that 81 has been breached, next downside barrier [...]
Gold is by far the most interesting and difficult investment to handicap and analyze from a fundamental perspective as it has dual properties that can sometimes be seemingly in conflict with one another.
On the one hand, gold has traditionally been seen as a hedge against inflation, but on the other hand, gold can also trade [...]
It was just a matter of time before the decent global economic data outweighed the risk emanating from the Euro debt crisis and today is that day. The release of the minutes from the RBA rate policy meeting showed that the Central bank sees global growth in its trading partners despite the threat to stability [...]
It’s not the voting that’s democracy, it’s the counting. ~ Tom Stoppard Good morning. Euro’s sell-off continues in risk-off trade after yesterday’s Fed statement and remains under pressure ahead of bond auctions in Europe. USD Index Horizontal resistance has been breached, so it’s time to see whether the dollar will hold above the said barrier which [...]
Tomorrow is the rate policy meeting decision Down Under and market expectations are for a possible 25 bp rate reduction. However, inflation metrics have been moving higher and the Australian economy has been chugging along despite the problems in the Euro zone that could lead to a global recession.
Looking at the chart below, the Aussie [...]
“Never stand begging for that which you have the power to earn.” ~ Miguel de Cervantes Good morning. The dollar is pulling back as risk trade returns – both AUDUSD and AUDJPY recovering some of last week’s losses. The euro is following but the gains remain modest so far. Here’s a bunch of charts to start [...]
The Canadian dollar (Loonie) is higher this morning as CPI data came in hotter than expected with Core inflation coming in at 2.1% vs. an expected 1.9% and the Headline figure at 2.9% vs. 2.8% expectation. While these figures are lower than last month, it should be noted that markets are foward-looking and the idea [...]
This morning’s CPI reports showed that last quarter’s inflation was contained and as expected, yet that news helped propel oil prices to over $100. The chart below shows the price spike that occurred at exactly those announcements at 8:30AM EST.
Why would that happen? The answer is that inflation, particularly in commodites is coming. The Fed’s [...]
An interview this morning with Fed Governor Charles Evans produced a little more than the market expected. While not scheduled to speak in an official capacity, he was giving an interview to CNBC where he was extrememly candid. The interview did not inspire confidence in the economy or the Fed response to inflation, and as [...]
The British pound has been in stealth rally mode over the past week despite the risk aversion in the market and the declining economic picture in the UK which was exemplified by teh rioting that took place there recently.
Earlier this week, the release of the Bank of England rate policy meeting minutes revealed that the [...]
