Posts tagged ‘dow jones’

February 15, 2012

USD/JPY breakout: volatilities higher

From Dow Jones:

” The USD/JPY breakout drives volatilities higher, with Tuesday’s break to the topside extended in Asia Wednesday, as the pair hit 78.67–the highest since the post-intervention spike at the end of October. Investors have taken fright on this latest move, taking the entire implied volatility curve higher. One-month is up 0.5 of a point and back to the levels at the beginning of the month at 8.25%. Three-month is trading 0.3 of a point firmer from Tuesday at 8.65%. Twelve-month adds 0.1 of a point to trade at 10.9% in Europe Wednesday. With sentiment gauges trading in favor of JPY puts, further gains in USD/JPY will take the curve higher. USD/JPY trades at 78.48.”

February 8, 2012

Citi: focus to stay firmly on Athens today

From Dow Jones:

“Focus to stay firmly on Athens today says Citi because there is very little in terms of fundamental data releases to drag traders’ attention away from developments in Greece. Overnight, renewed optimism of a progress in Greece has helped boost EUR and Citi suspects that “a move closer to a deal on the second Greek bailout could help EUR and risk-correlated currencies regain some more ground with JPY and USD among the key underperformers.” However, with the clock ticking in Athens, any further delays could put the bounce in these currencies to the test, says the bank. That should see the likes of EUR, SEK and NOK continue underperform against the likes of AUD and NZD, which are less exposed to the developments in the euro zone. EUR/USD now at 1.3279.”

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February 7, 2012


Source: Dow Jones

USD/CAD is lifted by weak equities, says RBC Capital Markets, with some fund buying noted that took the spot up from 0.9953 to an overnight high of 0.9981. USD/CAD just touched a fresh high for the day at 0.9996 amid a small generalised USD selloff. RBC pegs next resistance at 1.0051.

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