Archive for September 25th, 2009

Overall, there were some real gainers on the week for some pairs while other remained flat for the most part. The pound takes the cake with a 290 pip move on the week followed by the cad (235) and yen (150). Meanwhile, the euro had a 40 pip change while… more from... »

Very interesting and whippy price action in the foreign exchange markets Friday. The JPY traded at its highest level in seven months versus the USD, GBP declined to its weakest level in six months versus the EUR and a four month low versus the USD and, the USD was on… more from... »

Group of Twenty officials are said to be preparing a statement that says they will continue to support the global economy and the U.S. dollar suffered as a result. There is also a report that G20 members will be required to have their economic policies reviewed by their peers. Data… more from... »

The world’s leading economy continues to suffer the aftermath of the worst recession in over seven decades whereas housing data along with durable goods indicate that the credit crunch continue to hammer down economical activities due to tight credit conditions and high unemployment rates, whereas conversely consumer confidence continued to… more from... »

The greenback is firmer against European and commodity pairs following the durable goods data, which highlighted the fragility of the economic recovery. Spot gold moved under 0, with some traders citing talk that the German Bundesbank had selling interest, which added to the heavier tone from the firmer dollar. In… more from... »

The USD looked a bit shaky again in the European session after a spike high in Asia, but got back on the rally track after a much worse than expected Durable Goods Orders data point (and then weakened again after the other US data….more below). Risk aversion is still the… more from... »

Early in the week dollar weakness marked by the lowest value for the dollar index in at least one year seems to have been resigned to irrelevance today. The euro’s earlier one-year high against the dollar has lost its significance as the broader market has turned in favor of dollar… more from... »

Friday trade picked up from a U.S. session that closed in red on Thursday, with the stock market down between 1.5% on average. The move lower on stocks equated to the Eur/Usd pair falling the most in the last 18 days, from its daily highs to daily lows with 173… more from... »

The euro weakened Friday morning against the dollar after worse-than-expected U.S. durable goods data threw cold water on a possible risk rally. In another sign of a pause in economic recovery, durable goods dropped 2.4% in August to USD164.44 billion. Economists had expected a gain of 0.3%. more from source »

U.S. durable goods orders declined by a worse than expected 2.4% M/M in August, following the 4.8% M/M gain the month before. This was below the market consensus for a 0.4% M/M gain and our own more optimistic call for a 1.5% M/M rise. Excluding transportation, orders were flat, while… more from... »