Аналитика
USD/JPY at Resistance Ahead of G-7 Meeting
USD/JPY at Resistance Ahead of G-7 Meeting
* The dollar and yen fell against other major currencies on Friday as talk of a US government plan to subsidize mortgage payments boosted risk appetite ahead of this weekend’s G-7 meeting in Rome. The most important result of this meeting would be to contain rising protectionist sentiment. The ongoing battle between risk taking and fear continued. The dollar and yen have been supported by safe haven flows as investors deleverage and repatriate funds, while most other key currencies benefit when equity and commodity prices rise. The euro gained despite reports showing the eurozone Q4 2008 GDP contracted at its fastest pace on record and the German Q4 2008 GDP shrank at its sharpest rate in more than two decades. Sterling rose but pared gains as Lloyds Banking Group warned that its HBOS subsidiary would report an unexpected large pre-tax loss of £10 billion. The Australian dollar rose after the Australian Senate passed the government’s stimulus bill and the Canadian dollar advanced despite falling commodity prices. Despite today’s losses, the greenback gained against its rivals for the week.
13.02.2009
Sterling Sinks on BOE Governor King’s Comments
Sterling Sinks on BOE Governor King’s Comments
* The dollar was flat against most major currencies on Wednesday. The yen was little changed while US stocks advanced on optimism the US economic-stimulus package looked likely to pass. The euro was modestly lower after European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said the current interest rate is not the lowest that policy makers can envisage. After yesterday’s strong risk aversion sell-off, the Canadian and Australian dollars rose modestly despite Canada’s declining exports and Australian falling consumer confidence.
11.02.2009
Waiting for Mr. Geithner
Waiting for Mr. Geithner
• In New York trading Monday, the dollar and yen traded lower on a modest increase in risk appetite as
Treasury Secretary Timothy Geithner delayed the announcement of the financial-rescue package. The new
plan is believed to target the most troubled banks and involve government guarantees and private funding as a
new component to address the toxic debt clogging banks’ balance sheets. The euro rose, approaching the
important 1.31-area resistance. The reception of the financial plan could determine whether the euro will
penetrate this important resistance. Sterling also approached its resistance at 1.50, helped by stronger-thanexpected
profits from UK’s Barclays Bank. The Canadian dollar gained as crude oil prices rose. The Australian
dollar advanced for a third day on improving risk sentiment.
10.02.2009
Invisibility Spurs Safe Haven Demand
Invisibility Spurs Safe Haven Demand
* The dollar rose against the euro but fell versus the yen in NY trading Tuesday on increased risk aversion after the administration’s financial-recovery plan did little to boost investor confidence in the financial sector. The euro extended overnight losses, falling on concerns over the eurozone’s exposure to Eastern Europe’s debt debacle. Unable to penetrate resistance, sterling was severely pressured by the gloomy outlook of the global banking system. The Canadian and Australian dollars declined on increased risk aversion as most commodities fell on the deteriorating global economic outlook. The Swiss franc, like the greenback and yen, was supported by safe haven demand.
10.02.2009
Greenback Falls As Deepening Recession May Spur Action
Greenback Falls As Deepening Recession May Spur Action
Hans Nilsson 2009-02-06
www.cmsfx.com
* The dollar and yen were lower on Friday as risk appetite increased and demand for safe haven flows declined. US stocks rallied for a second day on optimism the government’s financial-recovery stimulus package will pass soon following today’s reports on dismal job losses. Nonfarm payrolls fell the most since December 1974 and the unemployment rate reached the highest level since September 1992. Sterling was supported by the Bank of England’s announcement that the BOE may start buying commercial paper next week. The euro rose on improved sentiment despite German industrial production dropping the most on record. The Canadian dollar fell on more-than-expected Canadian job losses but later reversed losses as risk aversion decreased. The Australian dollar rallied after breaking resistance and a relatively optimistic economic forecast by the Reserve Bank of Australia.
Источник: ©2004-2008 Globicus International, Inc. and Capital Market Services, L.L.C.
06.02.2009
ECB Rate Cut May Support Euro
ECB Rate Cut May Support Euro
Hans Nilsson 2009-02-04
www.cmsfx.com
* The dollar was little changed against most major currencies but rose versus the euro on Wednesday following seemingly better-than-expected US economic data. US service industries contracted at a slower pace than expected and the payrolls drop in the ADP Employer Services index was less than estimated. Risk aversion increased as US stocks were pressured by lackluster earnings and worries that the banks toxic assets situation was not improving. The Australian dollar was unable to penetrate the 0.65-area resistance.
Источник: Hans Nilsson
04.02.2009
Перейти к странице:
Динамика валютных курсов