One of the ways that I use to gauge how quickly time really flies is
with the release of NFP (non-farm payrolls) every month. And today,
it's that time of the month again. Yesterday, the US dollar managed to
triumph over its major rivals again, going up against the EUR, GBP...
If you are wondering about the minutes from the most recent meeting of the FOMC, it showed that the FOMC members were concerned about inflation but also...saw greater downside risks to the economy given recent mixed US data. Housing is still weighing heavily, but not........
The US dollar starts 2007 on a weak footing so far in the Asian session. With all eyes on today's key US ISM manufacturing
report (in addition to US FOMC minutes), USD's recovery may be limited
at least till 1500 GMT later. Will the US slowdown be more severe than
As we herald the start of a brand new year (with a brand new
profit/loss statement), let's look back briefly at how major currencies
have performed in 2006.
Euro has gained against the US dollar since the start of 2006, notching 1500 pips in gains.
The US dollar also slipped...
For the moment, the US dollar is still carrying the bearish haversack
against Euro, Swiss Franc and the British Pound. Did you notice that I
didn't include the Japanese Yen in that sentence? That is because the
USD/JPY is now just an arm's reach (100 pips in numerical terms)...
In super-thin trading conditions, the US dollar rallied across the
board. A better-than-expected survey on consumer sentiment from the
University of Michigan was the spark for the USD rally (+91.7 vs 90.2
expected). However, do note that core PCE ( personal...
UK CBI reported that sales volumes at UK retailers rose at their fastest rate in two years
in December, suggesting a buoyant Christmas season. In its monthly
distributive trades survey, the CBI said a balance of +25 of retailers
reported higher sales in December, compared...
Today is just not USD's day. Despite US housing data and producer
prices coming in above market expectations, US dollar took a hit today.
This has got to do with the unexpected increase in the German IFO business sentiment index, which indicates robust economic growth ahead...
Latest: The Bank of Japan (BOJ) kept monetary policy unchanged by unanimous vote. BOJ said it will encourage the uncollateralized overnight call rate to remain around 0.25%. This outcome is in line with market expectations. This is the sixth meeting BOJ kept policy...
The US current account deficit widened, although slightly smaller than expected as oil imports and other foreign purchases rose.
The current account balance combines trade of goods and services,
transfer payments, and investment income. About 90% of the deficit is
A recap of last Friday: US factory orders saw the sharpest fall in six years
during October, dropping even more than expected (bad for USD), while
net foreign capital inflows increased more than expected (good for
USD). The shocking drop of factory orders is sending another...
The US dollar reached multi-week highs against the Japanese yen and
Euro yesterday after the TIC (Treasury International Capital) report
showing a healthy appetite by foreigners for US securities
spurred a bout of USD-buying. Net foreign acquisition of US securities
The Bank Of Japan Tankan survey came out in line with expectations, and shows a very moderate improvement
in corporate sentiment among big manufacturers, likely supported by the
continued strength of exports, production and corporate earnings. The
labor market is still tight,...
The US dollar seems to have gained favour with both the technical and
fundamental camps as it rose again today against other currencies.
Paring of USD shorts as well as stop hunting have resulted in the USD
going higher and higher, following today's firm US data. US...