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EURO condemned and not just to a tight trading range

Posted by Dean Popplewell at 6:13 am EDT, 03/15/2010

We were so close to changing the record after Friday’s US data. However, again we are doomed to listen to the same issues driving Capital Markets this morning. Chinese Premier Wen said he ‘opposes countries pointing fingers at each other and even forcing a country to appreciate its currency’. The US should be ‘reassuring investors about the safety of dollar assets’ as China keeps the Yuan ‘basically stable and maintain a moderately loose monetary policy and a proactive fiscal stance’. [...] read more

Filed under: Dean's FX, USD, EUR, GBP, CHF, JPY, AUD, CAD

AUD Roundup

A EURO bear market rally in the making
Posted by Dean Popplewell at 5:49 am EST, 03/12/2010
China to exit stimulus plans?
Posted by Dean Popplewell at 6:11 am EST, 03/11/2010
Greek’s woes passé?
Posted by Dean Popplewell at 6:03 am EST, 03/10/2010
China speculation takes heat off Greece
Posted by Dean Popplewell at 5:58 am EST, 03/09/2010
Greek debacle on hold, EUR and ‘risk’ in vogue
Posted by Dean Popplewell at 5:52 am EST, 03/08/2010

Forex Insights »

Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 10:00 am EST, 03/12/2010
Posted under EUR, GBP, CHF, JPY, AUD, CAD at 8:31 am EST, 03/12/2010
Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 8:30 am EST, 03/12/2010
Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 7:11 am EST, 03/12/2010
Cash Rate Target :

AU Cash Rate Target : The Cash Rate is the rate financial institutions charge other financial institutions for overnight loans in the Australian banking system. This is a fundamental trend-setting rate and changes to this rate are reflected in other interest rates.

Central Bank Watch »

Reserve Bank of Australia Likely to Raise Interest Rates

Posted by Alfonso Esparza 6:45 am EST, 02/25/2010

THE Reserve Bank will almost certainly lift the official interest rate by 25 points next Tuesday. Both the governor Glenn Stevens and his deputy Ric Battellino have ‘told us so.’ Not, obviously, in specific words. Indeed they haven’t even yet ‘told’ their fellow board members. The management’s recommendation will be finalised and sent to board members today. Herald Sun read more

Filed under: AUD

Economic Exposure »

Oil price reaches six-week high as dollar weakens

Posted by Alfonso Esparza 7:37 am EST, 02/22/2010

The price of oil has risen to a six-week high as reports of a rescue for debt-laden Greece lifted the euro and helped push the US dollar lower. A weaker dollar makes oil cheaper for buyers in other currencies. The euro rose 0.3% to $1.3611 in Monday trading. It had fallen to a nine-month low of $1.3477 on Friday after the US Federal Reserve lifted a key interest rate. US light, sweet crude oil rose 66 cents to $80.47 a barrel at one [...] read more

Filed under: USD, EUR, GBP, CHF, JPY, AUD, CAD

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March
16
Today’s Global
Market Events
8:30 am
CAD
Labor Productivity q/q
0.7% vs. -0.3%
CAD
Manufacturing Sales m/m
0.7% vs. 1.6%
USD
Building Permits
0.61m vs. 0.62m
USD
Housing Starts
0.57m vs. 0.59m
USD
Import Prices m/m
-0.1% vs. 1.4%
2:15 pm
USD
FOMC Statement
USD
Federal Funds Rate
0.25% vs. 0.25%
3:00 pm
GBP
MPC Member Bean Speaks
7:30 pm
AUD
MI Leading Index m/m
0.5%
7:50 pm
JPY
Tertiary Industry Activity m/m
1.3% vs. -0.9%
8:30 pm
AUD
Housing Starts q/q
6.7% vs. 9.4%
Tentative
JPY
Monetary Policy Statement
JPY
Overnight Call Rate
0.10% vs. 0.10%