Currencies & Money Markets

Daily Market Analysis & View Points

Mark O'Sullivan, Currencies Direct	Euro Fights Back Against the USD The euro has gained over a cent against the USD. Economic data certainly helped the move with Euro zone Industrial Production coming out much better than expected at +1.7% month on month and +1.4% year on year . . . >> read more

Jonathan Griffiths, Raphaels Bank	Week of Powerful Volatility - Roundup Phenomenal currency market volatility has dominated financial markets this week. Key themes have been relative monetary policy stance, equity movement and perceived credit risk . . . >> read more

Mark Bolsom, Travelex	Looking to the States Sterling rose on Thursday after a slight improvement in inflation expectations, though analysts still expect economic and political concerns to keep the pound under pressure ahead of an upcoming general election . . . >> read more

Alex Dunn, CaxtonFX	Interest Rates to Rise Sooner than Expected? The pound managed to claw back some of Wednesday's sharp losses, gaining 0.4% following data from the Bank of England . . . >> read more

John Hardy, Saxo Bank	Risk Still Undecided... Most Currencies Range-Bound in Asia It was another session with very little in the way of data releases to latch on to, so markets were left range-bound again overnight . . . >> read more

Andrew Wilkinson, Interactive Brokers	Daily View Investors Question Sustainable Euro Weakness The dollar is under pressure to end the week after words from a powerful investment house jolted investors expecting further decimation . . . >> read more Interest Rate Monitor Looming Auction and Hearty Chinese Data Hinders Bonds Ahead of another heavy U.S. Treasury auction, with today the turn of the 30-year maturity, dealers have sold bonds ahead of time bowing to . . . >> read more

Articles & Features

ONLINE FOR GROWTH Immediately after the Second World War, which left much of Europe's economy landscape in tatters, the country that emerged with the fewest scars was USA. In 1944 after Brenton Woods Accord and IMF, the US dollar become the reserve currency for all capitalist countries of the world and the rest of the currencies, gold and crude oil were compared against it. THE ROAD TO NOWHERE? At the time of writing, as the great and the good headed home from Davos World Economic Forum, bankers have indicated that they may agree to far-reaching reforms whilst financial regulators warned that they could take drastic action to take some of the risk out of the financial industry. As to how this reflects - and indeed impacts - on the markets going forward, Drew Hillier speculates that we may not be going forward at all, merely differently sideways... tempered with an overwhelming feeling that as far as a recovery is concerned, we have yet to fully ascertain if the wheels may be either half on or half off! Global FX market trends The foreign exchange market remains the largest financial market in the world, and the most liquid. And while it experienced a substantial decrease in early 2009, with US$2.9 trillion in average daily volume, a report published recently by Celent estimates the FX market should exceed US$4.0 trillion in average daily turnover by 2010. Keep taking the medicine As 2009 draws to a close, a huge degree of uncertainty remains as to the true efficacy of government programs aimed at rescuing the financial system and wider economy. In the hugely costly case of Quantitative Easing, authorities admit they cannot fully measure its effect; instead, they just think - or hope - it works. Brother, Can You Spare a Dime? Aside, perhaps, from weddings and other similarly familial occasions, which at least offer up an excuse for the sentimental among us to unwittingly collude with greetings cards manufacturers, all anniversaries have a tendency towards self-fulfilment...




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