Monthly archive May, 2013

The Euro may not see lasting selling pressure if the ECB opts to cut its benchmark interest rate unless the move is coupled with substantial non-standard easing. Talking Points Euro Selling May Be Short-Lived Even if ECB Delivers Interest Rate Cut Australian Dollar Read More →

THE TAKEAWAY: USD Federal Open Market Committee Policy Meeting > Fed Funds Rate on hold at 0.25% > No direct language on recently slower growth > “Increase” QE introduced as phrase > EURUSD BULLISH / USDOLLAR NEUTRAL The Federal Reserve policy Read More →

Crude oil and gold prices may rise as a soft ISM report and a dovish FOMC outing suggest the Federal Reserve will push ahead with aggressive stimulus efforts. Talking Points Crude Oil, Copper May Rise as ISM, FOMC Cement Stimulus Outlook Gold and Read More →

THE TAKEAWAY: UK PMI for manufacturing for April beats expectations at 49.8 -> Markit says sector may lighten its drag on economy in Q2 -> Pound rallies The Pound rocketed to a new 2-month high against the US Dollar, following the Read More →

The Japanese Yen may rise versus the US Dollar but fall against the other majors on a dovish FOMC outing and a soft ISM Manufacturing report. Talking Points Australian Dollar Underperforms on China PMI in Quiet Asian Trade Yen Outlook Mixed if Dovish Read More →