Feb 22, 2012

Today we have the odd spectacle of the weak commodity currencies and a weak Japanese yen a spectacle that is unlikely to continue in the near term. Which currencies to win the race to the bottom? The market's satisfaction with the Greek bailout deal remained in evidence as the...

Feb 22, 2012

One of the weakest performers today was the GBP as Bank of England Meeting Minutes revealed that two members voted for a larger expansion of the bond purchase program than the £50 billion the bank agreed to in early February. This certainly went against the sentiment the market had for...

Feb 22, 2012

USD is higher against most of the majors with the exception of the NOK as sentiment declines after contractionary PMI readings in China and Europe. China's unofficial flash manufacturing PMI improved to 49.7 from the prior 48.8 but signaled continued contraction in the manufacturing sector. Asian stock markets closed...

Feb 22, 2012

The focus today is very much on the growth signals coming out of the currency bloc. After all, now that Greece has been "stabilised" post the second bailout deal, if stocks are going to continue to extend gains then they need to see growth signals continue their positive run. That's...

Feb 22, 2012

The market is little changed from where we were yesterday and the pattern continues. The small exception right now is that stocks are leading currencies for a change and the commodity complex looks overdone.

Feb 22, 2012

The focus today is very much on the growth signals coming out of the currency bloc. After all, now that Greece has been 'stabilised' post the second bailout deal, if stocks are going to continue to extend gains then they need to see growth signals continue their positive...