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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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MidDay Archive
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Mid-Day Report: Dollar Extends Recovery While Yen Rebounds
Posted on July 13, 2010 | No CommentsDollar’s recovery extends further in early US session trading above 84 level. As we’ve pointed before, the greenback has just got some support from an important medium term trend line. Current development indicates that dollar is gathering some momentum for a sizeable rebound at least... -
Mid-Day Report: Canadian Dollar Soars on Stellar Job Report
Posted on July 9, 2010 | No CommentsCanadian dollar soars in early US session after release of much stronger than expected employment data. The job market in Canada added 93.2k jobs in June, more than four times expectation of 20k. Unemployment rate dropped from 8.1% to 7.9%, lowest level since January 2009.... -
Mid-Day Report: Swiss Franc Lower on Weak CPI, Dollar Soft on Risk Appetite
Posted on July 7, 2010 | No CommentsSwiss Franc is mildly lower today after consumer inflation report. CPI in June dropped -0.4% mom, rose 0.5% yoy versus consensus of -0.1% mom, 1.0% yoy. Recent strength in Swiss Franc was driven by SNB’s message of disappearing deflation risk, which led to exit of... -
Mid-Day Report: Euro Extends Rally as NFP Risk Cleared
Posted on July 2, 2010 | No CommentsEuro extends rally against dollar in early US session as non-farm payroll risk is cleared. Job report in US showed -125k contraction in June, worse than but not far from expectation of -110k. Unemployment rate unexpectedly dropped from 9.7% to 9.5% comparing to expectation of... -
Mid-Day Report: Euro Rebounds on ECB Six Days Loan, USD/JPY Broke 88
Posted on July 1, 2010 | No CommentsEuro rebounds strongly today on news that ECB is going to grant 78 banks EUR 111.2b of funds for six days to assist them in coping with expiry of the 12 month loan which totals EUR 442b. The announcement overshadowed downgrade risk of Spain and... -
Mid-Day Report: Euro Rebounds after Positive ECB Tender But Lost Momentum after Disappointing ADP
Posted on June 30, 2010 | No CommentsEuro recovered strongly earlier today after ECB said that EUR 131.9b loan will be provided to banks in the three-month tender, less than half of markets estimate of EUR 300b. The lower than expected amount was viewed as an encouraging sign that banks in Europe... -
Mid-Day Report: Yen Maintains Gain as Sentiments Weight Down by Worry on China Growth and …
Posted on June 29, 2010 | No CommentsMarket sentiments continue to be weighed down by worry on China growth and Eurozone bank liquidity. European stocks are broadly lower with major indices down over -2% at the time of writing. Japanese yen is the major winner today and rose over 2.54% against Aussie... -
Mid-Day Report: Swissy Franc Makes New Record High against Euro, Quiet Elsewhere
Posted on June 28, 2010 | No CommentsMarkets are generally quiet today except that Swissy Franc is lifted by comments from SNB board member Jean-Pierre Danthine and jumped to new record high against Euro. Danthine echoed recent SNB comments that "deflationary trends have practically disappeared." Also, he said that Swiss exports had... -
Mid-Day Report: Markets in Consolidation, Canadian Dollar Weak
Posted on June 25, 2010 | No CommentsMarkets are generally staying in tight range in early US session. US GDP growth for Q1 was revised lower from 3.0% to 2.7% annualized but triggered little reaction to markets. Yuan was the major topic today as it rose to record high just ahead of...