World / E-commerce
Euro 2008 Q3 Outlook
04.07.2008 16:13
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One of the most dominant trends in the financial markets in the first half of 2008 has been relentless US dollar weakness. Not only did the movements in the greenback impact the values of many currencies around the world, but the dollar has also contributed significantly to the rally in...
World
E-commerce
Japanese Yen 2008 Q3 Outlook
04.07.2008 16:13
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The Japanese Yen saw a clear reversal of fortunes in the second quarter, as the previous darling of tumultuous financial markets lost ground when global turmoil began to ease. The low-yielding currency had previously rallied strongly on what was a clear de-leveraging across risky asset classes, but a return to...
World
E-commerce
British Pound 2008 Q3 Outlook
04.07.2008 16:13
actionforex.com
The second quarter of 2008 marked yet another extended period of consolidation for the British pound as the currency simply range traded between 1.94 and 1.98 for the majority of the time. In fact, the currency ended little changed from the start of April, and for that matter, the beginning...
World
E-commerce
Swiss Franc 2008 Q3 Outlook
04.07.2008 16:13
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The slowdown in the U.S. and a weakening European economy are beginning to weigh considerably on Swiss growth. Furthermore, inflation concerns continue to mount as energy and raw material costs reached record highs during the past quarter. Yet, despite the upward pressure of rising prices, the SNB has decided to...
World
E-commerce
Canadian Dollar 2008 Q3 Outlook
04.07.2008 16:13
actionforex.com
Following a rapid appreciation amid the subprime-fueled dollar selloff, the Canadian dollar settled into a range against its US counterpart, oscillating around parity between 1.0360 and 0.9740. This is not surprising given that nearly 80% of Canadian exports are destined for the US market, making Canada highly sensitive to the...
World
E-commerce
Australian Dollar 2008 Q3 Outlook
04.07.2008 16:13
actionforex.com
Despite an ominous sense of uncertainty over the health of the credit markets, fading global growth and narrowing interest rate differentials, the Australian dollar managed to close out the second quarter at fresh 24-year highs against the benchmark US currency. AUDUSD strength was essentially universal as the currency exhibited incredible...
World
E-commerce
New Zealand Dollar 2008 Q3 Outlook
04.07.2008 16:13
actionforex.com
In the second quarter of 2008, the New Zealand dollar fell sharply against the world's most heavily traded currencies on speculation that the Reserve Bank of New Zealand would have to cut interest rates faster than traders had previously expected. Indeed, the rapid deterioration of the New Zealand economy prompted...
World
E-commerce
The Weekly Bottom Line
04.07.2008 16:13
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As the festivities begin in the U.S. for the Independence Day holiday, this year's celebration may be a little more subdued than usual. With oil prices inching closer to the US$150 per barrel mark and gasoline prices over US$4 per gallon, many Americans will likely spend the long weekend closer...
World
E-commerce
Australian & New Zealand Weekly
04.07.2008 16:13
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Markets are jumping the gun in pricing an imminent return to rate hikes in the US. While the Fed's inflation concerns rule out additional cuts, they are unlikely to prompt it to raise rates in the face of a patently weak domestic economy. Concerns about rising inflation expectations also need...
World
E-commerce
Economic Outlook: Inflationary Pressure from Import Prices?
04.07.2008 12:18
actionforex.com
Import prices have become more interesting following the rising focus on inflation and notably after Bernanke pointed to import prices. We have taken a look at the pass-through from import prices to core inflation. As appears from the chart below, the pass-through was relatively strong around the time of the...
World
E-commerce
Forex Fundamental Outlook
04.07.2008 12:18
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Liquidity was reduced on account of the U.S.'s Independent Day national holiday. Traders are still talking about yesterday's post-rate hike comments from European Central Bank President Trichet in which he acknowledged risks of higher inflation and lower economic growth, adding the central bank has no policy bias at this time....
World
E-commerce
Weekly Focus: A Summer Theme
04.07.2008 12:17
actionforex.com
The past week has seen some important events in the money market that also spilled over to the foreign exchange market. The ECB hiked rates by 25bp - as expected - but did not flag any further tightening of monetary policy. This stance was less hawkish than expected, and it...
World
E-commerce
Will the G8 Meeting Impact the US Dollar?
04.07.2008 11:18
actionforex.com
With the stock and bond markets closed for Independence Day in the US, the foreign exchange market was extraordinarily quiet. The dollar has fluctuated within a tight range against the Euro and Japanese Yen as the non-committal nature of the Federal Reserve and the European Bank leave little direction for...
World
E-commerce
FX Briefing: ECB in Wait-and-See Mode
04.07.2008 11:18
actionforex.com
Last week the Open Market Committee published a statement, which was seen by the markets as being on the dovish side. Subsequently, with the impending ECB Council meeting in mind, the market began to trade on the idea of a dovish Fed versus a hawkish ECB. The fact that the...
World
E-commerce
Weekly Market Commentary
04.07.2008 11:18
actionforex.com
Once again the ECB managed to surprise the market, not with the 25 basis point rate hike to 4.25% (with which they knocked traders sideways a month ago), but with the dovish comments at their press conference afterwards. Admittedly starting from some of the highest yields of the last twenty...
World
E-commerce
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