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

Dollar Recovers, Euro Area PMI Doesn't

May 02, 2012
The US dollar is broadly firmer against the major and most emerging market currencies.  The weaker than expected euro zone PMI data is triggering a position adjustment ahead of US jobs data on Friday and the weekend elections in France and Greece.  The poor economic data and Germany (both the BBK and Fin Min) call for no dilution of fiscal effort…
Dollar Recovers, Euro Area PMI Doesn't Dollar Recovers, Euro Area PMI Doesn't Reviewed by Marc Chandler on May 02, 2012 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

What is Up with the Yen and Why it may Not Last

May 01, 2012
The Japanese yen was hands down the best performing G10 currency in April, gaining about 3.3% against the dollar and 4.2% against the euro. It appeared to start the new month on a strong note, with the dollar falling to 2 month lows in early Asia. However, in a holiday-thin European session and then in the North American session, the yen was sold…
What is Up with the Yen and Why it may Not Last What is Up with the Yen and Why it may Not Last Reviewed by Marc Chandler on May 01, 2012 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

US Manufacturing Surprise

May 01, 2012
The US manufacturing ISM surprised the market in a favorable direction.  Rather than soften like the consensus expected, the diffusion index rose to 54.8 from 53.4.  This represents the strongest showing in eleven months.  The debate in the market has been over a soft landing in China, but this data (and the auto sales figures later) point to a s…
US Manufacturing Surprise US Manufacturing Surprise Reviewed by Marc Chandler on May 01, 2012 Rating: 5
Edit
) no-repeat top center;background-size:cover'>
Bloomberg: Spain Debt, US Economy, Currencies Bloomberg: Spain Debt, US Economy, Currencies Reviewed by magonomics on May 01, 2012 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

May Day Surprises, Dollar Mixed

May 01, 2012
The May Day holiday has limited market participation, but has not prevented surprises.  The Reserve Bank of Australia kicked it off the celebration with a 50 bp rate cut. 
Although after the recent series of soft price data there was some risk (about a 1 in 3 chance according to market indications) of a 50 bp move, most observers, like ourselves…
May Day Surprises, Dollar Mixed May Day Surprises, Dollar Mixed Reviewed by Marc Chandler on May 01, 2012 Rating: 5
Powered by Blogger.