USD
Despite further negative developments in the US financial system, the dollar has remained resilient. Highlighting the ongoing credit crisis, Merrill Lynch announced further writedowns and plans to sell more stock. European equities have pushed lower, driven mainly by financial stocks. US equity futures are in positive territory after positive data releases this morning. Ahead of [...]
Entries Tagged as 'FOREX Market Commentary'
FX Update - July 29 2008
July 29th, 2008 · No Comments
Tags: FOREX Market Commentary
Emerging Markets Currencies Update - July 28 2008
July 28th, 2008 · No Comments
Thailand The BoT released its quarterly Inflation Report on Monday. The Central Bank raised the full year CPI forecast sharply. The revised forecast implies inflation will likely reach double-digit levels in 3Q08. The core inflation was also raised with annual core inflation readings expected to stay above the target zone in the near term. Growth [...]
Tags: FOREX Market Commentary
A quiet start to the week with no data out of the US or Canada this morning
July 28th, 2008 · No Comments
USD was moderately softer during a very quiet session overnight. Today’s economic calendar is light on data but is full for most of the week with an abundance of releases scheduled for Thursday and Friday. July nonfarm payrolls are the most important data this week. Consensus looks for a seventh straight negative print of -70k [...]
Tags: FOREX Market Commentary