Author Archive
Trust is the Problem, not Liquidity…
Trust is the Problem, not Liquidity…
Earlier this week, the central banks around the world gathered and collectively decided to cut interest rates for their respective countries in order to slow a fast moving global financial meltdown. The initial reaction in the markets was one of surprise more than anything else. Unfortunately, the move did little […]
Despite Narrowing Trade Gap, U.S. Trend Growth Shows Signs of Faltering
Despite Narrowing Trade Gap, U.S. Trend Growth Shows Signs of Faltering
The U.S. trade balance improved in August broadly in line with market expectations. The trade gap narrowed to -US$59.1 billion following the prior month’s -US$61.3 billion (revised from -US$62.2 billion), while the market was expecting a -US$59.0 reading. Excluding petroleum, however, the trade gap widened. […]
What Triggered the Major Volatility in FX and Equities?
What Triggered the Major Volatility in FX and Equities?TODAY’S BIGGEST PERCENTAGE MOVERS AUD/USD (-444 pips or -6.46%)AUD/JPY ( -390 pips or -5.70%) EUR/AUD (+1065 pips or 5.46%)THE STORIES IN THE CURRENCY MARKETUSD: WHAT TRIGGERED THE MAJOR VOLATILITY IN CARRY TRADES AND EQUITIES?EUR: EURO HITS LOWEST LEVEL SINCE MARCH 2007GBP: BRITISH POUND: BIG WEEK AHEADJPY: CARRY […]