Edit
) no-repeat top center;background-size:cover'>

Holiday Update

May 31, 2010
UK and US markets are closed. Quieter trading has seen the US dollar pare some of the late Friday gains scored in the wake of the Fitch downgrade of Spanish sovereign risk.
The combination of only a one notch move, when many observers, including ourselves, believe more is justified, and a stable outlook has seems to be a case of "it could be …
Holiday Update Holiday Update Reviewed by Marc Chandler on May 31, 2010 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Euro Surrenders Earlier Gains

May 28, 2010
The euro has surrendered its earlier gain, dropping a full cent from the session highs set in early Europe just above $1.2450.
The short-term technical indicators were a bit stretched, but the proximate cause seems to be news from the Germany's Bafin, the financial regulator, that the German government remains committed to the naked short ban …
Euro Surrenders Earlier Gains Euro Surrenders Earlier Gains Reviewed by Marc Chandler on May 28, 2010 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Fallout

May 28, 2010
Increasingly policy makers and investors are thinking about the consequences of the European financial crisis. The following focuses on two such consequences that are unlikely to appear on other lists. The attempt here is to be additive not exhaustive.
Europe: Re-writing the Social Contract This year was supposed to be about the US and UK exiting qu…
Fallout Fallout Reviewed by Marc Chandler on May 28, 2010 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Euro, Canadian Dollar, Swedish Krona, Yen

May 28, 2010
The euro has broken above the $1.2350-$1.2400 band of resistance that has capped the corrective upticks in recent days. If this is sustained, we have suggested there is potential in the coming sessions toward $1.2600.
Our constructive outlook for the dollar was never based solely on Europe’s woes, though of course that has been the dominant factor…
Euro, Canadian Dollar, Swedish Krona, Yen Euro, Canadian Dollar, Swedish Krona, Yen Reviewed by Marc Chandler on May 28, 2010 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Euro in Play, Calmer Markets

May 28, 2010
The US dollar is mostly little changed today. The main feature is the covering of short euro positions and this has lifted the single currency to new four-day highs against the dollar.
As I have noted in recent days, its downside momentum had faded and the near-term risk was bout of position squaring.
Euro in Play, Calmer Markets Euro in Play, Calmer Markets Reviewed by Marc Chandler on May 28, 2010 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Dollar Firms NY Morning

May 27, 2010
The dollar is still lower on the day, but it has recouped more than half of its earlier losses against the euro and sterling.
Sterling has peaked just before the disappointing CBI retail sales report. After being turned back as it approached $1.4600, it is now testing support near $1.4450. A break of this could see another half cent decline today.…
Dollar Firms NY Morning Dollar Firms NY Morning Reviewed by Marc Chandler on May 27, 2010 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Money Market Developments

May 27, 2010
Three month dollar LIBOR has edged up again today. It has risen every day since May 10th, though the pace has slowed. This reflects the demand for dollar funding. While the focus in on European banks, the scramble to secure funding seems more widespread. The fx forward market is one avenue that dollar funding can be secured and contacts report thi…
Money Market Developments Money Market Developments Reviewed by magonomics on May 27, 2010 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.