Blog de la Communauté FX
USD/JPY drops on the BOJ decision, then recovers
BOJ kept the monetary policy unchanged at this meeting. The bank admitted that inflation is (slowly) rising towards the target of 2.0% and bumped up inflation expectations outlook in quarterly report. USD/JPY dropped about 30 pips but has since recovered. 110 - 110.25 is the area to watch on the downside and 111.50 on the upside.
Quarterly Report: Q4 of 2015
If you're wondering what to read during the weekend, here's an idea:
The global economy gives no reasons for celebration. It seems the situation is even worse than three months ago, when we thought we had hit the rock bottom. Alas, further deterioration is only becoming increasingly likely.
Looking back at our previous quarterly report, the world was mostly concerned with China because of the devastating quake in the country’s equity market. As a result, the Chinese …
Quarterly Report: Q4 of 2015
The global economy gives no reasons for celebration. It seems the situation is even worse than three months ago, when we thought we had hit the rock bottom. Alas, further deterioration is only becoming increasingly likely.
Looking back at our previous quarterly report, the world was mostly concerned with China because of the devastating quake in the country’s equity market. As a result, the Chinese …
Quarterly Report: Q3 of 2015
Quarterly Report
Finding a silver lining throughout the previous quarter proved to be a difficult task. Nevertheless, the risky currencies have performed relatively well compared to their safer counterparts since the previous report. Three months ago, there were good reasons to be hopeful, but in the end it turned out that there was too much complacency in the market and the world sighed in relief a little too soon. Back in April ‘Grexit’ was only a hypothetical event, a word used to scare coun…
Finding a silver lining throughout the previous quarter proved to be a difficult task. Nevertheless, the risky currencies have performed relatively well compared to their safer counterparts since the previous report. Three months ago, there were good reasons to be hopeful, but in the end it turned out that there was too much complacency in the market and the world sighed in relief a little too soon. Back in April ‘Grexit’ was only a hypothetical event, a word used to scare coun…
Quarterly Report: Q2 of 2015
Full Report
So far this year, the markets have been calm, being characterised by persisting trends. Nonetheless, we can hardly describe the first quarter as dull. The impact of some of the events during the first three months of 2015 extended beyond the changes in the exchange rates; to a certain degree, they even changed the landscape of the forex industry.
Meanwhile, growth in the developed world remains elusive, and the emerging markets fail as a good alternative. However, the prospects are b…
So far this year, the markets have been calm, being characterised by persisting trends. Nonetheless, we can hardly describe the first quarter as dull. The impact of some of the events during the first three months of 2015 extended beyond the changes in the exchange rates; to a certain degree, they even changed the landscape of the forex industry.
Meanwhile, growth in the developed world remains elusive, and the emerging markets fail as a good alternative. However, the prospects are b…
Quarterly Report: Q1 of 2015
FULL REPORT
It may seem the main FX topics for 2015 are crystal clear–appreciation of the US Dollar amid the highly-anticipated Fed rate hike and broad-based sell-offs of the Euro and the Yen. The common currency may become a victim of the Euro zone edition of the quantitative easing. On the other hand, the Japanese Yen is expected to suffer more from lagging growth and stubbornly low inflation, partially a result of the fiscal tightening. There is an important distinction between the latter two…
It may seem the main FX topics for 2015 are crystal clear–appreciation of the US Dollar amid the highly-anticipated Fed rate hike and broad-based sell-offs of the Euro and the Yen. The common currency may become a victim of the Euro zone edition of the quantitative easing. On the other hand, the Japanese Yen is expected to suffer more from lagging growth and stubbornly low inflation, partially a result of the fiscal tightening. There is an important distinction between the latter two…
Quarterly Report: Q4 of 2014
It's finally here!
Full report
In the first half of this year the USA, along with the other developed regions of the world, suffered from painfully slow recovery, casting doubt over the ability of the world economy to stand on its own two feet this year without the crutches in the form of stimulus. But in the end the world’s largest economy also turned out to be the most successful among its peers. It was one of the few countries that seem to have preserved the positive momentum. As a result, th…
Full report
In the first half of this year the USA, along with the other developed regions of the world, suffered from painfully slow recovery, casting doubt over the ability of the world economy to stand on its own two feet this year without the crutches in the form of stimulus. But in the end the world’s largest economy also turned out to be the most successful among its peers. It was one of the few countries that seem to have preserved the positive momentum. As a result, th…
Quarterly Report: Q3 of 2014
Full Report
Dear traders,
Instead of getting nearer to a long-awaited robust global economic recovery, it seems we have been moving in the wrong direction after all. In place of positive reinforcing signals that the world’s largest economies are finally feeling the effect of remedy in the form of expansionary monetary policy, we are receiving soft and not-so-soft hints that the end of an easing cycle might not be as close as initially anticipated. In effect, we could be far from normalisation, w…
Dear traders,
Instead of getting nearer to a long-awaited robust global economic recovery, it seems we have been moving in the wrong direction after all. In place of positive reinforcing signals that the world’s largest economies are finally feeling the effect of remedy in the form of expansionary monetary policy, we are receiving soft and not-so-soft hints that the end of an easing cycle might not be as close as initially anticipated. In effect, we could be far from normalisation, w…
Quarterly Report, Q2 of 2014
Full report
Dear traders,
We entered this year full of optimism and hope, as our worries over the USA economy did not materialise and the overall situation in the world seemed to be improving. However, geopolitical tensions emerged and took us by surprise, revealing that at the very least the near future is not going to be characterised by stability and calmness. Since the latest events are highly unlikely to go unnoticed in the context of global economic recovery, a return to the risk-on enviro…
Dear traders,
We entered this year full of optimism and hope, as our worries over the USA economy did not materialise and the overall situation in the world seemed to be improving. However, geopolitical tensions emerged and took us by surprise, revealing that at the very least the near future is not going to be characterised by stability and calmness. Since the latest events are highly unlikely to go unnoticed in the context of global economic recovery, a return to the risk-on enviro…
Quarterly Report: Q1 of 2014
Full report
Dear traders,
The passing year was undeniably tumultuous, as for a long time it was not clear whether the global economy started 2013 on the right footing and the recovery will carry on unhindered. There were quite a few reasons to stay pessimistic and risk averse; most of them revolved around the U.S. economy – government shutdown, debt ceiling, sequester, Detroit’s bankruptcy, lawsuits against big banks and many more. All that negatively affected confidence in the world’s largest e…
Dear traders,
The passing year was undeniably tumultuous, as for a long time it was not clear whether the global economy started 2013 on the right footing and the recovery will carry on unhindered. There were quite a few reasons to stay pessimistic and risk averse; most of them revolved around the U.S. economy – government shutdown, debt ceiling, sequester, Detroit’s bankruptcy, lawsuits against big banks and many more. All that negatively affected confidence in the world’s largest e…