Archive for December 15th, 2009

Deeper Analysis

End-of-Year Bias in EUR/USD

December 15, 2009

In six of the past seven years, EUR/USD declined on net between mid-December and yearend, and the dollar dropped in this seasonal interval in eight of ten second-half Decembers since the euro was created.  The average change in the dollar for that period was minus 1.3% during those ten years.  An even stronger bias of […] More

Videos

Pre-FOMC Interview With ForexTV

December 15, 2009

In this second interview that I gave to Julie Sinha of ForexTV, I review and interpret the significance of today’s U.S. producer price and industrial production data releases and provide some background on the FOMC’s tendency not to make waves at its final December meeting each year. More

Deeper Analysis

Surprisingly Brisk U.S. Growth This Quarter

December 15, 2009

The dollar’s upturn began with improving market technical support but is now getting fed by economic data, which are highlighting a comparatively stronger U.S. recovery after a recession that, despite being harsh in absolute terms, was not as severe as other regions experienced.  In U.S. data released this morning, industrial production registered an advance of […] More

New Overnight Developments Abroad - Daily Update

Dollar Reversal Gaining Momentum

December 15, 2009

The dollar has risen 1.1% against the Australian dollar, 0.8% versus the Swiss franc, 0.7% relative to the euro and kiwi, 0.5% against sterling and 0.4% against the Canadian dollar.  USD/JPY slid 0.2%.  Investors are scrambling to unload short dollar positions, believing the U.S. will grow faster than thought previously and fearful about the Greek […] More

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