GO Daily News

Sterling gains on rate/QE outlook; A$ eyes local jobs/Chinese CPI
August 9, 2012

In a largely risk-neutral session, expectations the European Central Bank will commence buying the distressed debt of Europe’s periphery remained a source of support. While moderate losses across European stocks and weakness from the Euro may sugge...

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Why the RBA won’t stand in the way of a rising A$
August 8, 2012

For those who regularly follow the day-to-day comment of the financial press will no doubt of heard the word ‘intervention’ thrown around in recent days with respect to the strong Australian dollar. While import related industry can thrive on the...

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A$ eases from near 5-month high; Why RBA intervention is unlikely
August 8, 2012

True to recent form, the Euro remained buoyant overnight alongside equity markets from both side of the Atlantic. Although we’ve seen moderate support for the Euro, it’s failed to make a sustained break through short-term resistance just above 1....

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Risk currencies buoyant as markets eye ECB proposal; RBA policy decision in frame
August 7, 2012

After Friday’s return to form, the Euro has kicked off the week in a consolidative manner, with little in the way of new directives to encourage fresh buying. The EURUSD pair fell to lows of 1.2340 in early Europe, before regaining ground over the ...

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A$ finds form on rebounding risk trends; Euro feedback/RBA in focus
August 5, 2012

The RBA policy decision will take the stage early this week, which is expected to official interest rates remain on hold at 3.5 percent. Despite the persistent threat of ‘Euro-geddon’, on balance local conditions have been supportive, with a rece...

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All taste, no nourishment – Draghi’s crises response fails to appease
August 3, 2012

As anticipated, it was the ECB’s policy decision at the centre of attention overnight, and once again markets walked suitably disappointed. While signalling the bank may “undertake outright open market operations of a size adequate to reach its o...

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Euro finds its feet despite German resistance to ESM banking license; ECB/FOMC in focus
August 1, 2012

Market directives failed to provide any unified course across the risk spectrum overnight as participants wait in anticipation for critical feedback from the ECB and Federal Reserve later this week. After kicking off the week on a low note, the Euro ...

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Global rally stalls ahead of critical central bank policy meetings
July 31, 2012

After last week’s sugar -hit, upside momentum stalled overnight as market participants wait in anticipation for critical central bank feedback this week, namely the ECB and Fed policy meetings. The post-draghi Euphoria late last week appears to hav...

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ECB’s Draghi inspires global rally
July 27, 2012

The Euro’s south-bound trajectory took swift about-turn overnight, after European Central Bank President Mario Draghi vowed “to do whatever it takes to preserve the euro.” Speaking at an investment conference in London, Draghi reiterated the EC...

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Euro returns from multi-year lows on ESM hopes
July 26, 2012

In an apparent softening of the ECB’s reluctance to provide Europe’s bailout fund with additional powers, Austrian central bank President and ECB official Ewald Nowotny, said there are arguments in favor of granting Europe’s rescue fund a banki...

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Greece re-enters the fray as 'Grexit' concerns mount; Risk currencies take a hit
July 25, 2012

After a period of relative calm, Greece’s economic plight has taken the limelight once again this week, as concerns mount the country may not qualify for its next bailout installment. The EU, IMF and ECB – known as the Troika - are currently in A...

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A$ at the mercy of global risk trends; local CPI release to define rates outlook
July 22, 2012

From persistent turmoil from the Euro area to expectations of further easing initiatives from China and the United states, the directives continue to come in thick and fast for the Australian dollar, and the week ahead promises to be little different...

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A$ forges new six-week high; EURAUD maintains south-bound trajectory
July 20, 2012

Better-than-expected earnings from technology stocks continued to underpin gains across U.S equities overnight, while persistent weakness from economic data kept the upside contained, with U.S equities finishing the day with moderate gains. U.S home ...

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A$ continues winning streak; EURAUD falls to fresh euro-era lows
July 19, 2012

The Aussie dollar maintained its north-bound trajectory overnight with strength from both European and U.S equity markets providing a solid backdrop for currencies of higher-yield. European equities set the pace earlier in the session and U.S markets...

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A$ bounces back after disappointing Bernanke testimony; EURAUD hits fresh euro-era lows
July 18, 2012

The much anticipated Bernanke testimony before the Senate Banking Committee took centre stage overnight, and once again market participants walked away suitably disappointed. While reiterating the Fed’s ability to provide further supportive measure...

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