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Consolidative FX Session

October 07, 2009
The dollar has enjoyed a firmer bias today, but is largely in a consoldiative mode. Two main considerations lie behind the price action today. First, as we noted no one we talked with or seen quoted actually believes the press claim of a secret meeting to denominate the oil in a basket of currencies and gold. Although the report allowed participan…
Consolidative FX Session Consolidative FX Session Reviewed by Marc Chandler on October 07, 2009 Rating: 5
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Polish Cabinet Reshuffle, Opportunity to Add to Long Zloty

October 07, 2009
News that the Polish Prime Minister Tusk is using the alleged corruption scandal to re-jig his cabinet to attempt to rebuild support for his ruling Civic Platform Party has weighed on the zloty as a wave of profit-taking on its strong three day advance is seen. Public support for the Civic Party has declined according to polls since the the scan…
Polish Cabinet Reshuffle, Opportunity to Add to Long Zloty Polish Cabinet Reshuffle, Opportunity to Add to Long Zloty Reviewed by Marc Chandler on October 07, 2009 Rating: 5
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Struggling with a Strong Yen

October 07, 2009
Japan's new government continues to wrestle with the strength of the yen. Although previously as a finance minister Fujii seemed more sympathetic to intervention, he now wants to break from the past. While he has back tracked from his previous apparent endorsement of a strong yen, he is still setting the bar for intervention high. News wire…
Struggling with a Strong Yen Struggling with a Strong Yen Reviewed by Marc Chandler on October 07, 2009 Rating: 5
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East Europe Update: Zloty Extends Gain, Rouble Rallies

October 06, 2009
The rally in oil prices has given the Russian rouble a spur and reports suggest that the central bank intervened, estimates suggest $500- $700 mln worth of roubles were sold. The rouble traded at its best level for the year against the dollar. While much of the intervention is thought to have been conducted against the dollar, there is talk that…
East Europe Update: Zloty Extends Gain, Rouble Rallies East Europe Update: Zloty Extends Gain, Rouble Rallies Reviewed by magonomics on October 06, 2009 Rating: 5
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US Corporate Cash and the Dollar

October 05, 2009
It is widely appreciated that US corporate bond sales have been very strong this year. It begs the question what are they doing with all that cash they have been raising. There are two general answers.
US Corporate Cash and the Dollar US Corporate Cash and the Dollar Reviewed by magonomics on October 05, 2009 Rating: 5
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