Archive for July 12th, 2010

Asia Uninspiring; Dollar Higher

Monday, July 12th, 2010 at 1:09 pm  
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G10 Advancers and Decliners vs USD
CHF -0.08
JPY -0.33
EUR -0.50
GBP -0.63
The markets have opened Monday’s trading session slightly on the sluggish side with traders favoring the US Dollar this morning. The yen weakened earlier today after the ruling party in Japan gave up the majority in the upper house – sparking doubts that PM Kan will be unable to reduce the country’s public debt. The AUDUSD was also lower this morning after a scorching week last week in which it…

EU Finance Ministers Due to Meet

Monday, July 12th, 2010 at 1:09 pm  
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It seems like market participants are sleeping in this morning along with all of Spain. Markets opened with a yawn as low liquidity and directional USD buying set the morning FX trend. With no real market-moving data today, prices appear to moving counter to the little new information we did receive this weekend — we suspect this intraday trend to reverse mid-day. Asian regional indexes are…