FX Highlights USD is trading lower pressured by a rally in crude oil above $71 a barrel improving risk sentiment as equity markets rise and report that Russia.
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US Morning Notes - USD lower pressured by signs of global recovery ...
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Quiet start to interbank Monday
The disturbances in Iran have some traders talking of a possible risk-aversion play this morning but the USD is only slightly firmer, 1.40 against the EUR versus a 1.4020 close on Friday night, and EUR/JPY is only slightly lower, 137.70 versus a 137.90 close. All in all, the early interbank session...
Tumpel-Gurgerell: Central banks need to be pricks…
…of asset bubbles. Asset bubbles and financial sector imbalances should be dealt with preemptively, she says. The financial crisis represents the greatest ever challenge for the euro, she says. 2009 will be very difficult. Deflating asset bubbles is likely to be the consensus change in the...
EUR/USD firmer; China noted
EUR/USD is making some pretty good ground in early European trade. The pairing is being underpinned by decent risk appetite, realisation US rates won’t be raised anytime soon, and by an improving situation in the Baltics. Sources report China has been buying fairly agressively in this latest...
November 2011 performance review for Danica
During November 2011, the eleventh month of the second year of Danica's live operation, the system continued on auto-pilot without parameter changes. Many FX markets moved in recognizable trends this month, and the market average of the correlation coefficient between Danica's forecasts and the...
I’m glad ForexLive paid back its TARP loan…
Man, if we hadn’t returned out $14 trln TARP loan, Tim Geithner would be trying to cap my $4 quadrillion...