Forex & CFD Analytics
ACM Newsletter
06.02.2012 23:00
RBA Holds Rates at 4.25%
EURUSD and risk appetite were marginally weaker as news wires reported that the Greece Troika bailout negotiations would be delayed until Tuesday. Traders focus in Asian session has been squarely on the AUD. In a surprise move the RBA held rates at 4.
more
05.02.2012 23:00
Aid Talks Stall in Athens
High yielding currencies continued to outperform as the developed nations central banks have all committed to a sustained period of ultra-loose monetary policy (unlimited free liquidity) and the contraction of volatility has put the carry trade back on t
more
02.02.2012 23:00
Stalled Greece Negotiations Will Weigh On Euro Going Forward
Talks between Greece and its private sector creditors have still not come to a conclusion and there has been a complete absence of updates on progress this week – raising the uncomfortable possibility that negotiations drag on into another week. The i
more
01.02.2012 23:00
Global PMIs Spark Optimisms Over Growth
After a slight pullback in earlier European trades, risk appetite cautiously in Asian session crept back into the markets. EURUSD was range bound between 1.3160 and 1.3200 while AUDUSD continued its strong rally running to 1.0757. Asia’s regional indi
more
31.01.2012 23:00
Traders Watching EURCHF for SNBs Response
The market remains positive on the recent developments in Europe, supporting risk across the board. EURUSD continues to feel heavy falling to 1.3026 from yesterday’s high of 1.3212. In China manufacturing PMI had a strong print coming in at 50.5 vs. 49.6
more
30.01.2012 23:00
Worries of Europes Immediate Collapse Dissipates
Risk appetite was firm in Asian session as the FT produced an article suggesting that the next LTRO could find demand of up to ˆ1trn. If this is correct it would all but eliminate concerns that European banks could face a near term liquidity crisis. Opti
more
29.01.2012 23:00
Greece Rejects Greater EU Oversight
With Greek negotiations ongoing but yet to reach a conclusion, media chatter over the weekend was dominated by reports that Germany wishes to have greater oversight of Greece’s budget – a proposal that Greece has readily dismissed. The suggestion was e
more
26.01.2012 23:00
Swiss KoF Goes Negative
USD selling continued for the majority of yesterday’s session. EM & commodity currencies have been a primary recipient to inflows. USDTRY sank to 1.7862, while USDRUB gapped lower at the open and proceed to fall to 30.1811. The impetus seems to be the re
more
25.01.2012 23:00
Fed Initiate Explicit Inflation Target
USD was sold in Asian session as the FOMC sounded very dovish in their pledge to hold rates at near zero “at least through late 2014”. EURUSD climbed to 1.3134 while AUDUSD ran to 1.0642, on broad USD selling. In addition to the commitment to low rates t
more
24.01.2012 23:00
Waiting on a Potentially Less Dovish Fed
The big mover in Asian session was the AUD, as a weaker headline CPI reading of 0.0% q/q vs. 0.2% exp pushed AUDUSD briefly to 1.0441. This read would put the year-on-year number slightly above mid-point of RBA's 2-3% inflation band and forces traders to
more