Archive for April 1st, 2011

Foreign Exchange Insights and Next Week

Next Week

April 1, 2011

The premier event during the first full week of the second quarter will be the ECB press conference on Thursday at which a likely first interest rate hike will be explained and put in the context of what markets might expect in terms of follow-up.  Other central banks holding policy meetings next week are the […] More

Deeper Analysis

Greatest U.S. Manufacturing Edge Versus Euro Area in a Year

April 1, 2011

The differential between the U.S. factory purchasing managers index and Euroland’s climbed to 3.7 points, its widest spread since March 2010.  Not coincidentally, the euro posted an average value of $1.4001 last month, the first 1.4 handle in fourteen months.  One of the most effective and quickest-acting channels of stimulus from QE2 has been via […] More

New Overnight Developments Abroad - Daily Update

Market Buzz Looking for Better-Than-Forecast U.S. Job Gains in March

April 1, 2011

Analysts have been projecting a 200K increase in nonfarm payroll jobs, but many market traders believe the figure may be closer to 300K than 200K.  The catalyst for these euphoric whisper numbers was an interview of Minneapolis Fed President Kocherlakota suggesting 50 basis points of rate tightening later this year. The dollar is mixed on […] More