Monthly archive February, 2013

Surprising comments from RBA Governor Glenn Stevens spurred a rally in AUD/USD by putting to rest rumors of further stimulus measures aimed to re-energize a slowing Australian economy. Reserve Bank of Australia (RBA) Governor Glenn Stevens provided generally upbeat testimony in Read More →

New Eurozone data shows continued economic contraction, while the US recovery remains unbalanced. Meanwhile, changing central bank policies in the US, Japan, and the UK will weigh heavily on major currencies. 1) Euro Sinks to Fresh Lows Between the weaker Eurozone PMI Read More →

Talking Points Euro: EU Cuts GDP Forecast- Slower Austerity amid Deepening Recession British Pound: Back Above 50.0% Fib, BoE Miles Calls For More QE U.S. Dollar: Correction Underway- Fed Rhetoric on Tap Euro: EU Cuts GDP Forecast- Slower Austerity amid Deepening Recession The Euro slipped Read More →

The European Central Bank reported today that 365 European banks will repay 61.1 billion Euros of the initial payment for the second 3-year LTRO loan. The announcement was about half of the 122.5 billion Euro repayment that was expected by Read More →

Crude oil may continue lower as a large ECB LTRO2 repayment dents risk appetite. Gold is aiming to correct higher having hit an eight-month low. Talking Points Crude Oil, Copper May Extend Losses on Large ECB LTRO2 Repayment Gold and Silver Prices Appear Read More →

Dollar Rally Tapers after EURUSD Break, Dow Faces Next Floor Euro Traders Watch More than Risk as LTRO2 Repayment Approaches British Pound: Oversold Sterling Leverages Risk Relief Japanese Yen Ready to Rally as Officials’ Language Softens Australian Dollar Rallies after RBA’s Stevens Speech Canadian Dollar Read More →