ECB Comments Threaten to Push Euro Lower

Another quiet day on the economic data front will put the spotlight on a busy ECB speaking calendar. No less than five of the central bank’s officials are due to cross the wires throughout the session.
March 12, 2014/by ChatsworthCommunications

British Pound Worst Performer, Analysis Points to Further Losses

David Rodriguez, Quantitative Analyst at DailyFX, comments:


March 11, 2014/by ChatsworthCommunications

Chicago Fed President’s Support of Continued Tapering May Drive USD Higher

"A quiet economic data docket in European and US trading hours offers little in terms of market-moving event risk. On the official commentary front, Chicago Fed President Charles Evans is due to come across the wires
March 10, 2014/by ChatsworthCommunications

Spotlight on monetary policy announcements from the BOE and the ECB

"The UK monetary authority seems to intent to keep things locked in place for a while after February’s change in the forward-guidance regime. The benchmark 10-year UK bond yield conspicuously topped out and began to decline on the same day that guidance was augmented, pointing to deteriorating support from the policy outlook...
March 6, 2014/by ChatsworthCommunications

Russia/Ukraine crisis hits pause

"Conflict is brewing in Eastern Europe and it’s led to a surge in volatility across asset classes the past few days. But the conciliatory tone offered today by President Putin – and the removal of Russian troops from the Eastern Ukrainian border that were activated for ‘planned military drills’ – has offered reason anew to be bullish on risk assets...
March 4, 2014/by ChatsworthCommunications

Risk sentiment on the upswing across financial markets after Putin recalls troops

“Risk sentiment is on the upswing across financial markets after yesterday’s Ukraine-inspired bloodletting. The newswires are attributing the chipper mood to reports that Russian President Putin recalled troops that had been performing military exercises in the western part of the country near the Ukrainian border...
March 4, 2014/by ChatsworthCommunications

FX volumes rise above $5 trillion in January – CLS

Average daily volumes in the foreign exchange market rose by more than 20 percent in January from a slow December, data from FX settlement system CLS showed...
February 27, 2014/by ChatsworthCommunications

Euro stuck in the mud

“The EURUSD has been trapped between $1.3680 and 1.3770 for the better part of the last week, and it’s going to need a catalyst aside from French jawboning about how a weaker Euro might help exports to move it from this range...
February 26, 2014/by ChatsworthCommunications

Cracks emerge in largely positive US Consumer Confidence Index

"Winter’ inclemency may or may not be impacting the US economy but US consumers are thus far weathering the weather. The Consumer Confidence gauge dropped to 78.1 in February from 79.4 in January, but the Present Situation subcomponent climbed to its highest level over the past 12-months at 81.7. The Expectations subindex dropped to 75.7 from 80.8, but remains above the lows set near 71 around the October fiscal hot stove...
February 25, 2014/by ChatsworthCommunications

Markets bogged down by lacklustre economic calendar

“Markets are off to a slow start in the opening hours of the trading week. A lacklustre economic calendar offers little by way of market-moving event risk, opening the door for big-picture themes to take centre stage[...]
February 24, 2014/by ChatsworthCommunications

Buffett’s Business Wire ends feeds to high-speed traders

Business Wire, which has published corporate news releases in the US for the last half century, will stop selling direct feeds to high- speed traders, amid concerns that the practice gives the firms an unfair advantage over other investors...
February 21, 2014/by ChatsworthCommunications

Quiet economic calendar thrusts “Fed Speak” into limelight

A quiet economic calendar in European and US trading hours puts the spotlight on the “Fed-speak” calendar, with comments from FOMC policymaker Richard Fisher in focus[...]
February 21, 2014/by ChatsworthCommunications