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<rss version='2.0'><channel><title>About FX Update</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?tagid=FX+Update</link><description>About FX Update</description><pubDate>Tue, 07 Sep 2010 17:32:32 GMT</pubDate><lastBuildDate>Tue, 07 Sep 2010 17:32:32 GMT</lastBuildDate><item><title>FX Update: Euro traders get ugly PIGS reminder</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1757</link><description><![CDATA[A bit of nostalgia on the PIGS sovereign debt issue as Portuguese debt spreads vs. Germany widen to  a new record. Has the market dropped the ball on this issue? Also, USDJPY trading at new 15-year low as summer is officially over. 
]]></description><pubDate>Tue, 07 Sep 2010 14:13:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1757</guid></item><item><title>FX Update: Nonfarm positive surprise: shouldn&apos;t USD rally?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1741</link><description><![CDATA[The employment report was far stronger than expected as the US data has really tried to turn the corner this week after this report and the ISM manufacturing data. The initial reaction was for a USD sell-off today - but why? 
]]></description><pubDate>Fri, 03 Sep 2010 14:34:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1741</guid></item><item><title> FX Update: Buckle up! It’s non-farm payroll day </title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1736</link><description><![CDATA[Looking ahead to NFP, market consensus is for a loss of 105k jobs, an improvement from July’s -131k, but unemployment is expected to worsen to 9.6% from 9.5%. Saxo’s view is marginally more pessimistic with a loss of 125k jobs and unemployment also at 9.6%.
]]></description><pubDate>Fri, 03 Sep 2010 07:18:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1736</guid></item><item><title>FX Update: Treading water or squeezing USD shorts ahead of NFP?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1734</link><description><![CDATA[The jockeying for positioning ahead of the US employment report Friday will likely dominate trading. It is obvious the market has gotten very short the greenback again - could this mean a small squeeze ahead of the report? 
]]></description><pubDate>Thu, 02 Sep 2010 14:47:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1734</guid></item><item><title>FX Update: USD plunges. More weakness to come?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1726</link><description><![CDATA[Ahead of the rest of this week's onslaught of data and event risks, the greenback is tumbling on renewed risk appetite out of Asia overnight. Is the USD in danger of a new leg down after failing to achieve liftoff?
]]></description><pubDate>Wed, 01 Sep 2010 14:22:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1726</guid></item><item><title>FX Update: Asian data releases beat forecasts as we start September</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1719</link><description><![CDATA[Is it a different story in Asia? Releases at the start of the new month start with most data releases beating forecasts and indicating that the Asian economy might still have some steam left in it.
]]></description><pubDate>Wed, 01 Sep 2010 07:28:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1719</guid></item><item><title>FX Update: NZD tumbles, EUR soars?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1715</link><description><![CDATA[The kiwi tumbled on a failed NZ bank, while the Euro is showing signs of resilience. Will key support for risk appetite hold here, or are we finally headed for a convincing directional move ahead of the US Labor Day weekend?
]]></description><pubDate>Tue, 31 Aug 2010 14:26:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1715</guid></item><item><title>FX Update: Australian data points in the other direction today</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1712</link><description><![CDATA[Australian data pointed in the opposite direction to yesterday. Retail sales rose a more robust 0.7% m/m in July, stronger than June’s upwardly-revised 0.4%.
]]></description><pubDate>Tue, 31 Aug 2010 07:10:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1712</guid></item><item><title>FX Update: Bernanke effect vanishing quickly</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1710</link><description><![CDATA[Friday's reaction to the Jackson Hole speech has proven ephemeral so far, as JPY crosses reversed back lower after the small squeeze on JPY positions ended after the BoJ meeting. What now?
]]></description><pubDate>Mon, 30 Aug 2010 14:33:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1710</guid></item><item><title>FX Update: Risk rebounds following Bernanke’s speech at Jackson Hole</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1705</link><description><![CDATA[In the end there we no major ground-breaking themes, more a case of assuring that the Fed would “do all that it can” and was prepared to provide additional monetary accommodation through unconventional measures if necessary. 
]]></description><pubDate>Mon, 30 Aug 2010 07:07:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1705</guid></item><item><title>FX Update: Biggest move from Bernanke to be in JPY?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1703</link><description><![CDATA[Market continues to tread water ahead of key Bernanke speech this morning, which will tell how much the market is leaning on the Fed for its next move. Will USDJPY be the big mover on his speech today? 
]]></description><pubDate>Fri, 27 Aug 2010 14:00:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1703</guid></item><item><title>FX Update: Tomorrow not just another day?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1694</link><description><![CDATA[Yesterday's pull off the lows in risk appetite saw a bit of follow through overnight, but this market may be afraid to commit directionally ahead of the Bernanke speech tomorrow. 
]]></description><pubDate>Thu, 26 Aug 2010 14:13:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1694</guid></item><item><title>FX Update: Will we see any growth in Q3? US data disappoints again!</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1689</link><description><![CDATA[With Asia opening at almost unchanged levels from the previous day, the positive close on Wall St lent a mild air of “risk-on” to activity, with JPY crosses adding to their overnight rebound.
]]></description><pubDate>Thu, 26 Aug 2010 07:10:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1689</guid></item><item><title>FX Update: Assessing crash risks this week</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1686</link><description><![CDATA[Yesterday's strange action yielded to a more traditional state of affairs, as risk aversion and ugly US data waylaid the commodity currencies. Are we looking at a real crash risk after Bernanke's Friday speech?
]]></description><pubDate>Wed, 25 Aug 2010 14:38:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1686</guid></item><item><title>FX Update: Japanese rhetoric gets more forceful</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1681</link><description><![CDATA[At the start of the Asian session there were “tougher” comments from FinMin Noda that the Finance Ministry was closely cooperating with BoJ, watching currency moves with “great interest” and will take appropriate action.
]]></description><pubDate>Wed, 25 Aug 2010 07:03:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1681</guid></item><item><title>FX Update: New 15-year low for USDJPY</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1679</link><description><![CDATA[New bout of risk aversion punished USDJPY to a new 15-year low and EURJPY to all-time lows. Is there more fuel for the JPY rally?
]]></description><pubDate>Tue, 24 Aug 2010 13:59:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1679</guid></item><item><title>FX Update: EUR on the back foot as data hints at a European slowdown</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1676</link><description><![CDATA[Heading into the European session we see final Q2 German GDP numbers, looking for confirmation that Germany remains the economic powerhouse of Europe.
]]></description><pubDate>Tue, 24 Aug 2010 07:13:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1676</guid></item><item><title>FX Update: AUD to overcome hung parliament?</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1674</link><description><![CDATA[The first hung parliament in post-WWII history spooked the market only briefly, as AUD has managed a sharp comeback from a gap lower. Any longer term fallout from this election?
]]></description><pubDate>Mon, 23 Aug 2010 13:52:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1674</guid></item><item><title>FX Update: A hung parliament in Australia sends AUD back to NY lows</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1671</link><description><![CDATA[AUD gapped lower at the Asian open (after Australia's hung parliament result), a big figure below the NY close (though equal to the NY lows before the late short squeeze).
]]></description><pubDate>Mon, 23 Aug 2010 07:43:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1671</guid></item><item><title>FX Update: AUD trades nervously ahead of election</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1667</link><description><![CDATA[AUD is trading nervously ahead of tomorrow's election. Key AUDUSD support has so far held. Is the consensus rising of an AUD-negative outcome? Meanwhile, CAD punished on low CPI data.
]]></description><pubDate>Fri, 20 Aug 2010 14:56:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1667</guid></item><item><title>FX Update: More rumours of emergency BOJ meeting filter through Asia</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1663</link><description><![CDATA[Things started off well into the overnight session with risk receiving a fillip from better UK retail sales and the best reading for the CBI’s industrial trends report in two years. Furthermore, a better position in UK public finances lent additional support to the pound, rallying close to 1-1/2 big figures early in the session and stalling just at the 200-MA on the hourly charts.
]]></description><pubDate>Fri, 20 Aug 2010 06:59:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1663</guid></item><item><title>FX Update: Risk tumbles on ugly US claims data</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1661</link><description><![CDATA[An ugly US weekly initial jobless claims data at 500k suggests worsening employment situation in the US and dents sentiment. Will this set up further USD and JPY gains on risk aversion?
]]></description><pubDate>Thu, 19 Aug 2010 14:27:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1661</guid></item><item><title>FX Update: Markets in limbo overnight but Asia sees JPY selling</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1656</link><description><![CDATA[ Most action confined to M&amp;A influence in the AUDCAD with BHP”s hostile takeover of Canada’s Potash continuing to grab the attention. <br />
]]></description><pubDate>Thu, 19 Aug 2010 07:19:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1656</guid></item><item><title>FX Update: Poor US housing data sees USD weaker</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1651</link><description><![CDATA[A rally in risk in Asia continued ahead of the US trading day as relatively ugly US housing data fails to topple sentiment. AUDUSD is back higher again on strong risk appetite, and on sanguine RBA minutes.
]]></description><pubDate>Tue, 17 Aug 2010 13:57:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1651</guid></item><item><title>FX Update: Another dip in US yields takes the edge off the greenback</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1648</link><description><![CDATA[A volatile session for FX markets overnight. An early rally in EUR stalled as sovereign debt issues came to the fore again. CDS spreads for the peripheral European countries widening amid news ECB funding to Portuguese banks had increased since June. <br />
]]></description><pubDate>Tue, 17 Aug 2010 07:06:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1648</guid></item><item><title>FX Update: USDJPY falls again on weak Q2 GDP in Japan</title><link>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1646</link><description><![CDATA[USDJPY fell after a surprisingly weak Japanese GDP report, and the greenback is generally under pressure despite further signs of risk aversion. Is the USD rally over with?
]]></description><pubDate>Mon, 16 Aug 2010 14:23:00 GMT</pubDate><guid>http://www.tradingfloor.com/en/Pages/home.aspx?blogid=1646</guid></item></channel></rss>