U.S. unemployment rate lower, but job gains dim
CHF major loser today
Mubarak to step down today?
Brent crude north of $100 Continue reading →

With much of Asia still on holiday, FX price action was largely subdued overnight. However, AUDUSD did receive a strong boost when the RBA kept the forecasts for 2011 and 2012 inflation unchanged, despite the flooding. EURUSD traded 1.3609-1.3652, USDJPY 81.45-81.70. Fed Chairman Bernanke’s economic assessment largely echoed the latest FOMC statement. Continue reading →

Fed policy not chasing commodities higher
Fed policy adding to equities gains
“Substantial slack” in economy
Mum on Q3 Continue reading →

EUR falls on Trichet
Markets await Bernanke
UBS sees delayed SNB hike
Egyptian tensions flare Continue reading →

With much of Asia on holiday, the FX price action was relatively subdued. The dollar did strengthen marginally on signs of escalation in Egypt which coincided with a general stalling of the risk rally. EURUSD traded 1.3771-1.3817, USDJPY 81.49-81.76. A better ADP print also helped… Continue reading →

Strong correlation intact between EUR and U.S. equities
Risk trade remains supported
U.S. Equity Indices targeting key resistance
Continue reading →

EUR lower on Ireland downgraded by S&P
BoJ’s Kamezaki talks up economy
Sterling higher on hawkish MPC chatter
Former SNB boss Roth defends intervention Continue reading →

The dollar failed to claw back any of its recent losses during the Asia session. EURUSD traded 1.3813-1.3862, and USDJPY 81.31-81.60. US equities closed up over 1% and Treasury yields pushed higher. The manufacturing ISM index rose much higher than expected to 60.8 in January versus consensus 58.0. Continue reading →

EUR and GBP test key resistance
Middle East tensions reducing
SNB’s Jordan talks down franc again Continue reading →

The dollar continued to weaken during the Asia session as yesterday’s risk-averse mood prompted by escalating tensions in Egypt subsided. The RBA kept both its policy rate and policy stance unchanged. EURUSD traded 1.3663-1.3730, USDJPY 81.76-82.15. Continue reading →