dekac's commentaries

[dekac]

02 Jule-U.S. Dollar Trading (USD) mixed data out of the US continued to cloud the greenback. Several economic indicators, including the Core PCE price index, Chicago PMI and consumer sentiment had no impact on the market despite better than expected numbers; mainly due to the fact that Fed indicated that it is still concerned about inflation. Yet last weeks neutral statement from the Fed Reserve strengthened the markets view that rates will be on hold for some time. In US share markets, the NASDAQ fell by -5.14 points, whilst the Dow Jones also fell by 13.66 points. Crude Oil rose to fresh 10 month highs, jumping by US$1.11 a barrel to US$70.68. Looking ahead, key data will be released out of the US in the form of Manufacturing ISM, with markets expecting a relatively flat figure of 55.0

[dekac]

Hi
09 July- The Sterling (GBP)steadied below last week’s 26 year highs versus the dollar on Friday, staying comfortably above the $2 mark, supported by Thursday’s interest rate hike and expectations for further tightening. Overall, the GBPUSD traded with a range of a low 2.0060 and a high of 2.0142 before closing the day at 2.0105 in the New York session.

[dekac]

Hi

The Sterling (GBP) continued to rally, trading at 26 year highs on a broadly weaker dollar. Overall, the GBPUSD traded with a range of a low 2.0248 and a high of 2.362 before closing the day at 2.0341.

[dekac]

Hi
17 July-The Euro(EUR)-traded near record highs against the USD once again, as outlook on the EZ’s currency remains bullish pricing in future rate hikes with Core CPI data for the month of June coming in slightly better than expectations. Overall the EURUSD traded with a range of a low 1.3760 and a high of 1.3804 before closing the day at 1.3783 in the New York session. Looking ahead, German ZEW survey will be released on Tuesday with forecasts of 88 down from the previous 88.7

[dekac]

Hi
20 July-The Japanese Yen (JPY) traded lower against the USD and the EURO as investors continued to source the low yielding currency. Overall the USDJPY traded with a range of a low 121.74 and a high of 122.18 before closing the day at 122.06 in the New York session

[dekac]

Hi

24-July-U.S. Dollar Trading (USD) eased across the board as absence of data saw traders remain cautious. As a result the USD traded near 12 year lows against a basket of currencies, where uncertainty in the sub prime mortgage market has seen continual betting against the greenback. In U.S. share markets the NASDAQ was up 2.98 points (0.11%) whilst the Dow Jones was also up by 92.34 points (0.67%). Crude Oil eased on Monday falling by 1.31% to US$74.80 a barrel. Looking ahead, second tier data is expected out of the U.S. today with the release of the Redbook and the Richmond Fed index.