2014 began with a wide market consensus that the US Dollar would begin a multi year rise driven by a normalization of Federal Reserve monetary policy. So far this move has not materialized as a harsh winter stalled economic momentum. Extraneous factors have also weighed on the Dollar in Q1 2014. A portion of the […]
Monthly Archives: April 2014
April
03
Draghi Talks QE
posted by Chris
The ECB’s Governing Council remained on hold today, initiating no new easing policy in April. As discussed in yesterday’s post, the focus was going to be on Draghi’s rhetoric during the statement and Q&A. I was honestly surprised by the extent of Draghi’s explicit and clear elaboration on a possible quantitative easing program. EURUSD was […]
April
02
Euro Vulnerable to ECB Rhetoric
posted by Chris
Heading into the ECB meeting this month, FX markets have witnessed significantly different price action than the run up into the prior two meetings. This time around speculators appear to have much less appetite to step in front of the ECB and place bets on easing of monetary policy. Price action before and after the […]
April
02
Falling Yuan is a Global Threat
posted by Chris
The Chinese currency has been weakening for just over a month now, but this move will have far reaching effects on currency markets and global inflation trends. It is widely accepted that China unfairly manipulates it’s currency to gain an unfair advantage over it’s trading partners. This manipulation is carried out by the People’s Bank […]
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