Durable Goods Orders (Survey: 0.0%, Actual: 1.3%)
USD
The lingering shadow cast by the outlook for US financials and GSE’s continue to provide headwinds to sustained USD upside. USD has been under broad based pressure with sentiment not helped by a pick-up in oil prices as tropical storm Gustav nears the Gulf of Mexico. US data [...]
Entries Tagged as 'Forex Market'
FX Update - August 27 2008
August 27th, 2008 · No Comments
Tags: Forex Market
FX Comments - UK data providing event risk for GBP
August 18th, 2008 · No Comments
USD began this week on the back foot relinquishing most of Friday’s gains in a move that coincided with a bounce in gold and oil prices. Gold edged up 1% off the lows overnight, pushing back up to around USD800/ozt, while crude oil was also better bid, rallying up to around USD115/bl following an article [...]
Tags: Forex Market
USD was mixed overnight in markets dominated by sharp falls in AUD and NZD
August 13th, 2008 · No Comments
USD was mixed overnight in markets dominated by sharp falls in AUD and NZD, particularly against JPY. Although London trade has seen NZD in particular rebound against USD, the JPY crosses remain under pressure. The move lower in AUD/JPY was independent of news flow, data in Australia generally being better than expected and Japan’s Q2 [...]
Tags: Forex Market