Tag Archives: EUR

Lighthouse Securities Morning Market Wrap – Markets Breaking higher

July 2, 2012

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Cross Posted with MacroBusiness The European deal announced late in our trading day Friday ignited a risk rally like we haven’t seen for some time. We have trend breaks in a number of markets we follow and the overwhelming feeling is one of relief. Certainly from a fundamental standpoint there are many who believe this is […]

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Contrarian View – Australian Dollar and Euro vulnerable to a squeeze higher

June 13, 2012

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When I did links this morning over at Macro Business I posted an article noting that US money continued to flow out of Europe last month. I also saw that the Euro was back above 1.25 and the Aussie Dollar was around 0.9950. Chart courtesy of AVAFX Mobile off my iPhone Given the European malaise […]

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AUDEUR – a new paradigm?

January 13, 2012

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The Australian Dollar Euro exchange rate has been  making another new high this week so its time to talk about whats going on. Last week I posed the question of whether Australia was the new Switzerland. It was a question that I didn’t mean literally but metaphorically. That is, is Australia now the place people […]

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Australia, the new Switzerland?

January 5, 2012

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I have been away for a while and have many things I want to talk about as we enter a new possibly tumultuous year. So this post is a question and a catalyst for future blogs on this and related topics over the next week or so as I prepare to get back into the […]

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Europe edging closer to a solution – at least I hope so.

October 24, 2011

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Congratulations to the All Blacks who got the monkey off their back with a hard-fought win over France at the Rugby World Cup over night. Lets hope that the French with their European team mates can go all the way this week with some sort of resolution to the crisis. But there is no magic […]

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EU Break up? European Crisis worsening – if that’s possible

September 12, 2011

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Get out of Dodge seemed to be the cry from market players on Friday night as Europe teeters toward a Greek default and the Euro Monetary Union is at its most tenuous since Sterling left the ERM back in the early 1990’s. On Friday a confluence of things came together to catalyse into a rush for […]

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Currency Cold War

September 9, 2011

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Unusual times call for unusual measures and the move by the Swiss National Bank (SNB) to fix the rate of the Swiss Franc against the Euro this week certainly qualifies. From a Swiss point of view I applaud it wholeheartedly but from a global markets point of view I worry that this move will have longer term implications as other central banks and politicians feel they too have to stop the rampant strength of their currency in order to protect industry.

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Weekend Reading – Stuff we found interesting this week

August 13, 2011

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August 13th 2011. Welcome to our weekly roundup of the stuff we read that was interesting to us and hopefully to you. I really like Paul Krugman, his thoughts and the way he writes. I don’t always agree but I always think. Here is  a piece he wrote in the NYT about how the crisis […]

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French GDP Crashes

August 12, 2011

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Not a great time of the week for the French to report that Q2 GDP was 0.0% against expectations of 0.3% and from 0.9% in Q1 2011.   But that’s just what happened as the screenshot from my Bloomberg above shows. The year on year data was equally disappointing coming in at 1.6% against market […]

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Equities and Australian Dollar Down again

August 11, 2011

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Sentiment is an ephemeral beast and yesterday’s hopeful market bounce turned back into carnage, not to strong a word, overnight as markets decided that it is the looming global economic weakness that is the more important driver not the Fed’s friendly words. At the close of play the FTSE’s 3% fall looks good compared to […]

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