Articles

Disappointment risk grows ahead of Jackson Hole
August 29, 2012

Risk currencies strengthened overnight largely responding to a heavy greenback across the board. Despite what appears to be a moderation in expectations ahead of this Friday’s Jackson Hole conference, we’ve yet to see this manifest in US dollar p...

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A$ maintains slow grind lower; Fed’s Evans calls for immediate action
August 28, 2012

Hopes of ECB intervention continued to underpin gains across European equities overnight, despite the latest German IFO business climate release falling to its lowest level since March 2010. Business conditions fell to an index level of 102.3 in Augu...

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Stimulus conjecture to reach critical mass ahead of Fed’s Jackson Hole conference
August 26, 2012

The week ahead will see global markets transfixed on Friday’s gathering of the world’s central bank elite in Jackson Hole, Wyoming, for the annual Kansas City Fed symposium. In recent years the event has attracted increased attention in light of...

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Euro leads, A$ lags, but confusion reigns supreme
August 24, 2012

True to form, markets continued to interpret a largely inconsistent set of directives overnight, with mixed macroeconomic feedback from both sides of the Atlantic providing little in the way of clarity. Amid general optimism European leaders will fin...

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U.S dollar slides as Fed keeps QE dream alive
August 23, 2012

As anticipated, the release of the Fed policy meeting minutes were the key directive overnight, with the ensuing reaction across currencies showing the prospect of a third round quantitative still very much on the table. Although members remain cauti...

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Euro regains its lustre on ECB expectations
August 22, 2012

The Euro led a risk currency charge higher overnight with the EURUSD pair breaking the upside of US$1.24 for the first time since early July. Rumor and innuendo continue to drive currencies with investors focusing on the possible ECB initiatives in t...

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Euro drifts higher in lethargic trade; RBA minutes on tap
August 21, 2012

In what appeared to be a largely risk-neutral and lethargic offshore session, markets continued to tread water ahead of major forthcoming event risk such as the Fed’s annual Jackson Hole summit, FOMC meeting, and further feedback on ECB easing init...

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A$ slides as investors rein in stimulus expectations
August 20, 2012

Despite moderate support across U.S equities, the Australian dollar trajectory turned sharply south on Friday with the AUDUSD pair crossing the downside of various points of support, before bottoming out just above 104-figure.  The very same factors...

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Risk rebounds as Merkel rejoins the fray; Euro resumes upside trajectory
August 17, 2012

Fresh from vacation, overnight German Chancellor Angel Merkel echoed recent comments from ECB President Mario Draghi, saying “we feel committed to do everything we can in order to maintain the common currency.” In a further display of solidarity,...

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Subdued inflation puts U.S stimulus back on radar
August 16, 2012

Subdued inflation data in conjunction with slower growth expectations have once again given rise to hopes of near-term U.S stimulus. Headline inflation was flat in July against expectations of a moderate increase of 0.2 percent, representing annual g...

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