ERE
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Monday FX View: Bon Appetit
SeekingAlpha.com: Home Page —
Authority: 676
Today investors are gorging on anything other than the U.S. dollar as a new feast of fourth quarter risk appetite gets underway. It took perhaps an hour to get over Friday’s sticker-shock in the shape of a 10.2% headline reading of unemployment before the dollar would lie back down. Over the weekend it took ...1 day ago -
Wednesday FX View: An End to the Exit Talk?
SeekingAlpha.com: Home Page —
Authority: 676
The two low-yielding soft currencies (the dollar and yen) are lower today as FOMC decision day has finally arrived. We can now look back with the benefit of hindsight and say that the recent boost to the dollar and yen were due to worries over the prospects for the U.S. economy and how that might transmit less cause ...6 days ago -
Monday FX View: A Smoother Start to a Week Has Dealers Mark Down Dollar
SeekingAlpha.com: Home Page —
Authority: 676
It’s amazing the difference a weekend can make and once again as we situate ourselves this morning, it’s as if nothing ever happened last week. At the least one couldn’t really tell that equity markets came under severe stress and that broadening ranges jolted implied volatility into action. At the start of a ...1 week ago -
Wednesday FX View: Risk Aversion Theory Boosts Yen and Dollar
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Authority: 676
Ongoing concerns over a budding recovery have pushed to one side the appetite for high yield and serve to punctuate a slide in the dollar. Investors watching recent increases in various measures of volatility and bond yields accelerated by a shifting emphasis to central banks’ exit strategies have heightened the ...1 week ago -
Tuesday FX View: Decay in Consumer Confidence Sends Dollar Surging
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Authority: 676
The backbone to the United States economy took a nasty jolt in the shape of slumping consumer confidence in October. The reading of 47.7 fell well short of an improvement on September’s reading of 53.4. Investors reacted by selling currencies in favor of the U.S. dollar, which rose to a two-week high against the ...2 weeks ago -
In Search of Healthy Currencies
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Authority: 676
Roger Nusbaum submits: Ambrose Evans-Pritchard has a post about the US dollars hegemonic status that knocks it out of the park. The long and short of it is that the dollar will not lose its reserve status during this century, China faces some demographic issues in another decade or so, and at some point water ...2 weeks ago -
Thursday FX View: Chinese GDP Offers Dollar Reprieve
SeekingAlpha.com: Home Page —
Authority: 676
The dollar took its cue this morning from Chinese government data showing that perhaps the domestic economy is chugging along comfortably after the impact of its $586 billion in stimulus efforts. But markets, being what they are, have twisted today’s bullish data into a risk-off recipe that allegedly draws attention ...2 weeks ago -
Wednesday FX View: Euro Breaches $1.50 – What Next?
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Authority: 676
Savvy investors could tell something was up earlier this morning as equity index futures pointed lower, while an earlier rally in the dollar index petered out. In typical knee-jerk reaction lower stocks should be followed by a stronger dollar as investors react to lower risk appetite. However, that argument is fast ...2 weeks ago -
Tuesday FX View: Corporate Earnings Keep the Dollar Under Pressure
SeekingAlpha.com: Home Page —
Authority: 676
With global stock market averages fuelled by the lead of an American corporate earnings recovery it is the euro currency that continues to take the credit as it is drawn towards a 14-month high at $1.50 against the dollar. Futile attention to the dollar’s unruly decline drawn by various politicians and central ...3 weeks ago -
Which Generation is Losing the Career Fight? (It’s Not Who You Think)
CAREEREALISM: Because EVERY Job is Temporary —
Authority: 551
By J.T. O’Donnell I recently attended a dinner party where the attendees ranged in age from 23 to 68. Not surprisingly, the conversation turned to the recession and horrible job market. The more ’seasoned’ workers at the table started to rant about their circumstances. The dialog drifted from the lack of ...3 weeks ago -
Monday FX View: Aussie Dollar Finds More Reason to Rally
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Authority: 676
At the Asian open the euro lost its way somewhat as a story grew in stature that European leaders would discuss the weakness in the dollar. As traders discounted the impotency of the group to stem weakness in someone else’s currency, the euro regained its footing and looks set to advance to $1.50 at some point this ...3 weeks ago -
Today in Forex: Its All About the Euro
SeekingAlpha.com: Home Page —
Authority: 676
Finance ministers from the Euro Zone will be meeting later today to discuss with Jean-Claude Juncker, the Eurogroup chairman, their concerns about the Euro-zone’s recovery, given the single currency Euro’s recent continued rise. With that question foremost on their minds, investors took the opportunity to trim ...3 weeks ago -
Thursday FX View: Sterling Sharply Higher After BoE Pulls a Bernanke
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Authority: 676
An interview with the Financial Times in London with Markets Director at the Bank of England, Paul Fisher has sharply boosted the fortunes of the British pound. The near 2% gains for sterling versus the euro and dollar make for the best daily performance in seven months lifting it to 91.65 pence and $1.6250 ...3 weeks ago -
Wednesday FX View: Euro Creeps Higher as Retail Business Returns
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Authority: 676
Consumers stepped back to department stores, furniture outlets, clothing chains and grocers during September creating a softer decline in retail sales than was anticipated. Analysts had expected a sharper retrenchment after the termination of the government’s support for the auto industry. After a 2.2% gain in ...3 weeks ago -
Tuesday FX View: The Tide Continues to Rise Against the Dollar
SeekingAlpha.com: Home Page —
Authority: 676
When Germany’s ZEW Center for European and Economic Research today released its index of investor and analyst sentiment, the immediate reaction to its unexpected drop was to sell euros. However, that response lasted mere moments before investors drove the euro up to its strongest price against the dollar since the ...4 weeks ago -
Monday FX View: Quiet Trading Doesn’t Help the Dollar
SeekingAlpha.com: Home Page —
Authority: 676
It’s Columbus Day in the United States, which means a quiet market with many investors at home to begin the week. From Tuesday the long grind to Thanksgiving begins during the fall. There is very little action to get our teeth into this morning. We should point out that Friday’s dollar revival based on Mr. ...4 weeks ago -
Wednesday FX View: Many Wise Words Rattle the Dollar
SeekingAlpha.com: Home Page —
Authority: 676
As we noted in Tuesday’s headline, the dollar rose as retail sales strengthened, although that was a cock-eyed way of reacting in our opinion. Signs of strength for the domestic and global economy have led the to dollar sales thus far and we see little to change the glacial meltdown as the focus shifts back to the ...8 weeks ago -
Tuesday FX View: Strength in U.S. Retail Sales Boosts Dollar, But for How Long?
SeekingAlpha.com: Home Page —
Authority: 676
In recent weeks the investment response to a distancing of the dark days of the collapse of Lehman Brothers has been a gradual pick up in risk appetite, which has lifted global equity prices to their best levels in about a year. At the same time demand for the dollar has waned as investors do away with the need to ...8 weeks ago