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The dollar was mixed in N.Y. on Tuesday, after making trend highs versus most major currencies overnight. USD-JPY traded to a fresh six-year peak over 106.40, as EUR-USD was squeezed higher after failing to add to London losses. That pairing recovered toward 1.2925 from overnight lows of 1.2859, though the rally ran out of steam into the close. Read more
The chart above shows the 2, 5, 10 and 30 year yields for the CMTs – constantly maturing treasuries. Since the first of the year, both the 10 and the 30 year have rallied. 30 year yields have decreased by about 75 basis points and the 10 year yields have decreased about 60 basis points. Read more
The dollar extended to fresh highs across-the-board. USD-JPY rallied above its previous day's high for the eighth consecutive day, making a six-year peak of 106.39. EUR-USD clocked a new 14-month low of 1.2859, subsequently lifting toward 1.2900. Cable carved out a new 10-month low of 1.6064 in Asia before finding a footing back above 1.6100, aided by strong U.K. Read more
The dollar extended to fresh highs across-the-board. USD-JPY rallied above its previous day's high for the eighth consecutive day, making a six-year peak of 106.34. EUR-USD clocked a new 14-month low of 1.2866. Cable carved out a new 10-month low of 1.6064, extending yesterday's sharp declines that were seen following a weekend poll that showed the Yes for Scottish independence vote take the lead for the first time. Read more
The dollar rallied broadly in N.Y. on Monday, taking EUR-USD to trend lows of 1.2881, and USD-JPY to trend highs of 106.09. Cable bounced to 1.6185 in morning dealings, though settled in just above its London low of 1.6103 into the close. Elsewhere, the dollar bloc stumbled, as oil and gold prices slid. Read more
Sharp sterling losses grabbed the limelight today as the market reacted to news that the Yes for Scottish independence vote had taken the lead for the first time in polls. The referendum will take place on Sep-18. The outcome is a tough call: The Yes vote seems to have momentum, but there remains a significant amount of undecided voters (which were excluded in the aforementioned poll). Read more
Sterling took a hit at the commencement of trade on news that the Yes for Scottish independence vote had taken the lead for the first time in polls. The referendum will take place on Sep-18. Cable dove sharply from 1.6325 to a 10-month low of 1.6164 and EUR-GBP spiked above 0.8000 before settling back just under here. Read more
Let’s take a look at the important economic releases for the week of September 7-12. Monday Read more
This week demonstrated why these high frequency indicators are so useful. In monthly data for August, jobs were less positive than almost anybody predicted, but the unemployment rate dropped. Average pay did increase by over +.2%. Motor vehicles sales made another post-recession high. Read more
After holding firm overnight, the dollar took a modest hot in N.Y. on Friday, as the August U.S. employment report missed expectations quite sharply. The greenback fell back broadly after the data, taking EUR-USD toward 1.2990 and USD-JPY under 104.70, a full 100 points from its Asian highs. Read more
