Forex Crunch » boj

New European Governments Provide No Remedy

Yohay — Wed, 16 Nov 2011 09:06:51 +0000

New governments are put in place, but it is becoming clear that it this will not help. The foundations and the basic expectation of creating growth with austerity are the problem here.

Christopher Vecchio, a currency analyst with DailyFx.com discusses the European debt crisis, the impact of a possible failure of the US “Super Committee” to reach a deal on markets, the sensitive situation of the British pound and more.

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FOMC Disagreement Likely To Yield No Policy Changes

Yohay — Tue, 01 Nov 2011 21:16:42 +0000

The ammunition that the Fed claims to have will likely stay in storage for now. David Rodriguez of DailyFX says that the disagreement within the members is likely to yield a unified message but no action.

Mario Draghi will likely want to build credibility and skip a rate cut. And what about the credibility of the Japanese authorities with the recent intervention? Rodriguez provides answers to these questions and more in the interview below.

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Euro Weakness: Not Only the Debt Crisis

Yohay — Tue, 18 Oct 2011 10:12:34 +0000

The euro is trading lower and will likely to be heavy towards the upcoming summit. But the euro’s problems are not limited to the debt crisis.

In the interview below, David Song of DailyFx discusses the euro, the hopes for the US in averting recession, the weight on the pound and other current fundamental questions.

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Words over actions from the US Fed

Yohay — Wed, 10 Aug 2011 08:48:18 +0000

From one angle, it was a big change, pledging to keep rates low for two years, rather than the previous pledge which translated to around three months. But for markets, it was not a big leap, given that interest rate markets were not far off pricing steady rates for the coming two years anyway. The Fed’s language on the economy has changed substantially. It now acknowledges that “economic growth so far this year has been considerably lower than the committee had expected”.

Furthermore, it has changed its outlook, from expecting the pace of recovery to pick up over coming quarter, to expecting “a somewhat slower pace of recovery over coming quarters” than it did at the time of the previous meeting. By using words over actions, the Fed has chosen to keep some of its limited arsenal in reserve. The Fed, more than any other central bank, is running low on policy options and the reaction on stocks especially reflects the fact that markets are starting to sense that.

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Coordinated Intervention To Weaken the Yen?

Yohay — Sun, 29 Aug 2010 23:50:11 +0000

The Bank of Japan announced an immediate emergency meeting to begin very soon – Monday 00:00 GMT. There are expectations for new easing steps to boost the economy. But there might be more – Will we see a global coordinated intervention to weaken the yen? Yen crosses are already on the rise.

The governor of the BOJ, Masaaki Shirakawa, shortened his visit in Jackson Hole, where he met other central bankers, and returned swiftly to Japan. At 00:00 GMT, or 9:00 Japanese time, the BOJ is meeting for an emergency meeting. It happens as the week begins in Japan, and very early for JPY crosses in other places in the world:

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Forex Daily Outlook – April 1st 2010

Yohay — Wed, 31 Mar 2010 20:00:16 +0000

American Weekly Unemployment Claims and ISM Manufacturing PMI will be in the limelight on April’s fools day, among figures from all over the world. Let’s see what’s up for today.

The tension towards Friday’s Non-Farm Payrolls continues to mount. The dollar, that had a rough beginning to the week, is correcting the losses. Will this trend continue?

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Forex Daily Outlook – March 18th 2010

Yohay — Wed, 17 Mar 2010 22:00:08 +0000

Many American figures are due today, so lots of action is awaiting us. Will the dollar continue to weaken? Let’s see what’s up for today.

EUR/USD hasn’t broken the critical 1.3850 level. I still claim that the current rise is temporary before the fall. GBP/USD made it above the critical line of 1.5350, but has a hard time holding to its gains. OK, let’s start the review:

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Forex Daily Outlook – March 17th 2010

Yohay — Tue, 16 Mar 2010 22:00:01 +0000

Another busy day expects forex traders: a rate decision in Japan, employment figures in Britain and Ben Bernanke for dessert are among the events today. Let’s see what’s on the menu.

The most popular pair, EUR/USD, recently enjoyed some gains, but didn’t breach significant technical levels. I see it as a rise before the fall. What do you think? Anyway, let’s start the review:

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Forex Daily Outlook – February 19th 2010

Yohay — Thu, 18 Feb 2010 22:00:17 +0000

The week ends with more important releases: British and Canadian retail sales and American inflation numbers among other releases. Let’s review the events:

Commodity currencies enjoyed a good week, riding on less fear in the markets. Will they manage to close the week higher? In recent weeks, Fridays were quite crazy.

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Forex Daily Outlook – February 18th 2010

Yohay — Wed, 17 Feb 2010 22:00:01 +0000

Yet another busy day expects traders: a rate decision in Japan, American PPI, and American jobless claims stand out. There are many other events as well.

The Greek crisis is fading away. EUR/USD isn’t the only pair to enjoy this. Also commodity currencies are on the rise, enjoying risk appetite trading. There are no releases today in Europe, but headlines regarding Greece might still appear. Let’s start the review:

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