DJ FX Trader Roundtable
magonomics
April 05, 2011
DJ FX Trader Roundtable
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Reviewed by magonomics
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April 05, 2011
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Canada Reserve Figures and More
Marc Chandler
April 05, 2011
The Bank of Canada reports its reserve figures every week. Today's report is interesting because it covers the joint intervention.
The Bank of Canada sold roughly $124 mln in yen. This follows the UK Treasury's admission that it sold about $150 mln of yen. The BOJ figures suggest it sold JPY692.5 bln (~$8.5 bln). What is particularly notew…
The Bank of Canada sold roughly $124 mln in yen. This follows the UK Treasury's admission that it sold about $150 mln of yen. The BOJ figures suggest it sold JPY692.5 bln (~$8.5 bln). What is particularly notew…
Canada Reserve Figures and More
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Reviewed by Marc Chandler
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April 05, 2011
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India: Foreign Investors Returning, Data Softens
Marc Chandler
April 05, 2011
Overseas investors have stepped up their purchases of Indian equities in recent days and have reversed the earlier outflows to be net purchasers here in 2011. Between last Thursday, March 31, Friday April 1 and yesterday April 4, foreign investors bought nearly $1 bln of Indian shares according to the Securities and Exchange Board. The net INR43.5…
India: Foreign Investors Returning, Data Softens
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Reviewed by Marc Chandler
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April 05, 2011
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Dollar Mostly Firmer, Sterling Higher
Marc Chandler
April 05, 2011
The US dollar is firmer against most of the major and emerging market currencies, with the notable exception being sterling, which has ben boosted a much stronger than expected services PMI (57.1 vs 52.6 in Feb).
Sterling reached $1.6250 but is over-extended on the short-term basis and a break back below $1.6200 would suggest the day's high i…
Sterling reached $1.6250 but is over-extended on the short-term basis and a break back below $1.6200 would suggest the day's high i…
Dollar Mostly Firmer, Sterling Higher
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Reviewed by Marc Chandler
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April 05, 2011
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Five-Year/Five Year Forwards: US and Europe
Marc Chandler
April 04, 2011
The five-year/five year forward has been cited by various officials in the US and Europe as a useful metric of inflation expectations. It is interesting to review where they are in light of the ECB's likely hike this week and increased talk about inflation in the US as commodity prices, especially oil prices, continue to edge higher.
The US 5-…
The US 5-…
Five-Year/Five Year Forwards: US and Europe
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Reviewed by Marc Chandler
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April 04, 2011
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The ECB and the Fed
Marc Chandler
April 04, 2011
If there is a single factor that was the main driver of US dollar in the first quarter, it would be the divergence between the trajectory of US and European monetary policy. The Federal Reserve is still engaged in easing monetary policy through unconventional purchase of Treasuries.
On its current path, QEII is worth something on the magnitude of …
On its current path, QEII is worth something on the magnitude of …
The ECB and the Fed
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Reviewed by Marc Chandler
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April 04, 2011
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Monday Overview
Marc Chandler
April 04, 2011
Out visiting clients in the second half of last week. Still managed to monitor developments. There are a number of take aways. First, the best quarterly jobs performance since 2004 in the US failed to give the dollar a sustained lift. This is because, with NY Fed's Dudley help, the market was reminded that US monetary policy has not yet re…
Monday Overview
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Reviewed by Marc Chandler
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April 04, 2011
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