Friday Morning Thoughts

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By Back Bay FX - We are nearing the end of a very volatile week in the currency markets. Trying to find [...]


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  • USD/JPY: Decent sized buying interest 97.00/25

    The JPY crosses are proving to be very stable at lofty levels with GBP/JPY now consolidating well above 160 and AUD/JPY trying to form a foothold above 80. The USD bears are being cancelled out by the JPY bears which should mean that USD/JPY continues to range trade both in the short and medium...

  • Why dollar carry trade faces hidden dangers

    Most investors agree that it is out there. What is less clear is how big it is, or how worried investors should be about it. The “it” in question is the dollar carry trade. This is an investment strategy that has recently been extremely profitable and as a result has become increasingly...

  • Gallup Reports Improvement in Unemployment

    U.S. unemployment is 8.3% in mid-January — a slight improvement from 8.5% in December — as measured by Gallup. This is without...

  • Pound at one-year high on trade-weighted index

    Sterling has gotten a strong boost from signs the UK economy may have dragged itself from recession in the last months. But the pounds strength against its trading partners could not come at a worse time. The eurozone continues to struggle and UK exports to Europe could price themselves out of...

  • Czech National Bank Maintains Rate at 0.75%

    The Ceska Narodni Banka held the two-week repurchase rate at 0.75% as expected, and kept the discount rate unchanged at 0.25% and...