Аналитика


Appreciating Dollar Threatening Recovery


* Although falling versus its counterparts on Friday, the dollar gained against all except the yen for the week. Commodities, stocks and interest rates pared weekly losses. The S&P 500 rose 16.10 to 1,087.69. The USD/JPY’s gain for the first time in four days boosted the oversold stock market. The euro rose for a third consecutive day and for the first week in six. Germany’s lower house approved the EU aid package.

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Источник: Hans Nilsson

21.05.2010


High Dollar Plunges Risky Asset Prices


* The dollar traded mixed on Thursday, lower versus the yen and higher against the commodity currencies as investors scrambled to increase liquidity. Commodities, stocks, gold and interest rates all plunged as deflation pressures increased. US initial jobless claims unexpectedly increased and the Conference Board US LEI unexpectedly declined. Uncertainty about the European bond crisis, German referendum on the Greek bailout and US financial regulation also worried traders, but that is not the major problem.

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Источник: Hans Nilsson

20.05.2010


USD/CAD Testing Resistance


* Despite the dollar’s decline mostly versus its counterparts on Wednesday, deflation pressures increased. Commodity, stocks, gold prices and interest rates all fell today, pressured by the recent dollar surge. US month-on-month consumer-price inflation unexpectedly declined and mortgage foreclosures rose to a record. The Federal Reserve said in April 27-28 meeting minutes,

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Источник: Hans Nilsson

19.05.2010


EUR/USD Reverses Losses after Hitting 4-Year Low


* The dollar was lower versus the euro but higher against the yen on Monday. US data were mixed; Empire State manufacturing expanded at a slower-than-expected pace while US homebuilders became less pessimistic as home sales rose. The ongoing European sovereign-debt crisis increases demand for dollar liquidity and appreciates the greenback; thus, in turn, pressuring dollar denominated assets

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Источник: Hans Nilsson

17.05.2010


Dollar and Yen Surge on Deflation Fears


* The dollar and yen rose on Friday as Europe’s worsening sovereign-debt crisis increased risks to the stillfragile financial system and even led to speculation of a breakup of the euro. Global stocks and commodities plunged while credit spreads rose as deflation fears surged. The S&P 500 fell 21.76 to 1,135.68. Sterling dropped for a third straight day but closed above the important 1.45 support. The Australian and Canadian dollars fell on fear that the European debt crisis will reduce global economic growth.

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Источник: Hans Nilsson

14.05.2010


EUR/USD at Critical Support


* The dollar traded mostly higher on Thursday. European currencies declined. US stocks fell. The dollar index rose to the highest level since April 2009. US initial jobless claims decreased less than expected and import prices posted the eighth increase in nine months. The S&P 500 fell 14.23 to 1,157.44. The yen rose. Japan’s trade surplus widened and merchant confidence climbed. Sterling plunged through the important 1.48 support as the UK trade deficit widened. The Australian dollar gained on strong Australian employment growth. Testing the important 1.01-area support, the USD/CAD reversed earlier losses.

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Источник: Hans Nilsson

13.05.2010


Euro Approaching Major Support


* The dollar traded mixed on Wednesday. European debt deflation fears eased on a successful Portuguese bond auction and budget-cut promises by Spain and the UK. US trade and budget deficits widened more than expected. The S&P 500 rose 15.88 to 1,171.67. The yen fell as risk appetite and equity prices rose. Sterling reversed yesterday’s gains. The Bank of England said UK inflation would come in below its 2% inflation target and warned that UK fiscal tightening would dampen economic growth. BOE Governor Mervyn King said he did not rule out further quantitative easing and warned that the financial crisis was far from over. He also welcomed the new government’s plan to accelerated budget cuts. The Australian dollar fell for a second day. The Canadian dollar advanced as commodity and oil prices rose.

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Источник: Hans Nilsson

12.05.2010


New UK PM Boosts Sterling


* The dollar and yen surged on Thursday while stocks, interest rates and commodities plunged on concern European leaders are not effectively solving the region’s debt crisis. The European Central Bank maintained its key interest rate at 1.00%, as expected. ECB President Jean-Claude Trichet said the ECB Governing Council did not discuss buying government debt today, adding that Spain and Portugal do not face the same challenges as Greece. We believe the Federal Reserve needs to meet growing dollar demand as the higher dollar overvalues dollar-denominated assets and pushes prices lower.

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Источник: Hans Nilsson

11.05.2010


EU Plan Pressures Dollar and Yen


* The dollar and yen dropped on Monday after European policy makers announced an almost $1 trillion loan package to contain the region’s sovereign-debt crisis. The package consists of standby funds and loan guarantees from the European Union and International Monetary Fund that could be tapped by eurozone governments shut out of credit markets. The European Central Bank will also buy bonds and defend the euro; G-7 central banks will establish temporary US dollar swap facility to ease dollar funding strains in Europe. US stocks rose the most in a year; the S&P 500 jumped 48.85 to 1,159.73.

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Источник: Hans Nilsson

10.05.2010


Euro Recovers from 14-Month Low


* The dollar and yen fell on Friday while the euro rose amid speculation Europe may take more forceful action to ease the region’s sovereign debt crisis. US employment grew more than anticipated and consumer credit unexpectedly rose. In a whipsaw session, the S&P 500 fell 17.27 to 1,110.88. Not only has PIIGS countries’ borrowing cost surged but the interbank lending rates are also rising as banks are afraid to lend to each other.

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Источник: Hans Nilsson

07.05.2010


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