Andrew Timothy Robinson, Saxo Bank

Trading commentary: Saxo Bank

Andrew Timothy Robinson, FX-specialist, Market Strategist, Saxo Bank

EUR struggles to extend gains in the Greek deal aftermath

22 February 2012
With the Greek deal supposedly done and dusted, markets now have to find something else to focus on near-term and, judging by the ranges, inspiration is in short supply.

EUR attempts lift-off as second Greek bailout deal announced

21 February 2012
The meeting of European finance ministers dragged on well into the Asian session with a press briefing only announced close to mid-morning.

Another Greek Week, but China hits headlines by easing policy

20 February 2012
The surprise over the weekend came not from Greece, for a change, but from China, which announced a 50bp reduction in the Reserve Ratio Requirement for banks.

Waiting for (another) manic Monday? Greece’s next timeline

17 February 2012
There was not much to report for the Asian session today as the EUR consolidated following the strong rebound seen overnight.

Australian jobs data looks strong – but details not so impressive

16 February 2012
The Australian employment report for January was the highlight of today’s Asian session and produced a strong response to an above-forecast headline.

12-hour Euro stimulus from China already fading

15 February 2012
Chinese support of the Euro Zone sovereign debt crisis quickly faded as sticky Greece situation shows no signs of improvement.

BOJ announces further easing measures

14 February 2012
The EUR was struggling for traction following the Greek austerity vote as doubts arose that the situation was fully concluded.

Greece’s austerity vote lifts EUR but resistance holds

13 February 2012
The market’s knee-jerk reaction to the Greek partliament approving the austerity measures was to the lift EUR some 50 points versus the USD.

The Greek deal that wasn’t makes for tense weekend

10 February 2012
A Greek opposition party pulls the rug out from under the supposed bailout deal – welcome back, headline traders!

China CPI shocker; Greek talks still in play

9 February 2012
The Asian session was a little turbulent as one newswire reported China CPI data early and incorrectly.

The final act of the Greek tragedy?

8 February 2012
Surprisingly, given the force of the EUR's squeeze late in the European session, Asian trading was muted Wednesday.

AUD shoots higher as RBA leaves rates unchanged

7 February 2012
In a surprise move Tuesday, the RBA left its cash target rate unchanged at 4.25%. With expectations, and pricing, firmly looking for a 25bp cut, the AUD shot higher across the board.

Lack of progress on Greek talks keeps EUR pinned back, for now

6 February 2012
A seeming lack of progress on either of the Greek negotiations (PSI and Troika) over the weekend set the EUR off on a weak tone at the start of trading today.

Asian markets steady ahead of today’s US non-farm payrolls

3 February 2012
Today it was the turn of the non-manufacturing category of PMI indices to grab the attention – and headlines seemed not quite so rosy as the manufacturing side.

Asia extends risk rally after Aus trade data beats forecasts

2 February 2012
Having seen the smart turnaround in risk appetite during the European session, Asia was given further incentive to extend the rally Thursday with signs that Australia’s export economy continues to grow.