US Treasury yields continued to advance during the Asia session, helping to push yield-sensitive pairs like USDJPY and USDCHF even higher. EURUSD traded 1.3613-1.3669, USDJPY 81.92-82.51. US Treasuries are still feeling the effects of yesterday’s weak auction and the 10y yield finally breached 3.75% overnight. Continue reading →

€ The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3665 level and was supported around the $1.3570 level. Technically, today’s intraday low was right around the $1.3576 level, representing the 50.0% … Continue reading →

The dollar weakened during the Asia session, clocking up losses against the euro, the AUD, and the NZD. USDJPY remained tightly range-bound all night and traded 82.21-82.45. EURUSD traded 1.3544-1.3636. The S&P 500 continued its advance and finished 0.6% higher, despite thin news flow. The attention now shifts to Federal Reserve speakers… Continue reading →

1326.50 level remains key support
Consolidation intact from triple top
1366.15 key upside hurdle Continue reading →

EUR lower on weaker German data
Japanese debt to reach JPY 1 quadrillion?
BoE MPC vote a close call on Thursday
Traders still talking U.S. January non-farm payrolls report Continue reading →

The price action during the Asia session was subdued relative to the frenetic activity seen after Friday’s payrolls report, with USDJPY locked in a particularly tight range. However, the dollar did surrender some of Friday’s gains overnight. EURUSD traded 1.3547-1.3624, USDJPY 82.16-82.29. Continue reading →

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 →