Risk aversion appears to be creeping back into some asset classes but is yet to show itself in FX markets. US equities were down around 4% last week, the closely watched VIX (US equity market volatility index) bottomed out and started trending higher and credit spread measures across a number of countries are pushing higher [...]
Risk aversion creeping back into markets, AUD at risk of a correction
May 27th, 2008 · No Comments
Tags: Australia and New Zealand
Technical Perspectives: AUD Taking Leadership?
May 21st, 2008 · No Comments
During the long-term down-cycle for the USD, the EUR has been the leading currency versus the USD, with some arguing that the EUR may challenge the USD as the world’s reserve currency. While that debate is one that is likely to persist for many years to come, there are signs that cyclical leadership may be [...]
Tags: FOREX Technical Analysis
FX Updates - May 8, 2008
May 8th, 2008 · No Comments
FX Fundamentals: Risky assets fell back overnight, and as a result US yields fell and the JPY rose. But the USD was generally stronger against other currencies, particularly the NZD and AUD. NZD weakness was fully justified by very weak employment data, but the Australian employment numbers were still quite strong (even though the unemployment [...]
Tags: FOREX Market Update