Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago.

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Oil, Gold May Decline as Monthly US Deficit Hits Record

While most currencies have been consolidating in a tight range since the North American close, Kiwi stands out and has outperformed on the session, with no direct catalyst for the demand other than some pre-RBNZ volatility.

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Opening Comment 03.10

• Euro: Declines in Employment and Confidence Data Adds Weight to Greece Anxieties
• Pound Plunges though the Catalyst and Response Seem Disproportionate
• Japanese Yen May Struggle to Keep its Favorable Risk Bearing as Data Flow Begins

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The markets seem to have now fully digested the latest surprising move by the Fed in which the central bank raised the discount rate by 25bps, with risk appetite back on Monday, as global equities and commodities start out the week on a very healthy note.

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Opening Comment 02.22

The US Dollar is likely to extend gains against the Euro and the British Pound as European economic data comes in soft, underscoring the likelihood of a relatively hawkish Fed versus the BOE and ECB, while falling stock index futures point to risk aversion.

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Dollar to Extend Gains Against Euro and Pound on Weak Data, Risk Aversion

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Scandi Daily 02.18

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Scandi Daily 02.16

Japan’s GDP advanced the most since March 2008, while the Euro continues to come under selling pressure as traders await a bailout announcement for Greece.

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Euro Extends Three day Decline Against the Buck as Greece Concerns Persist

Yesterday’s volatility on the back of broader risk aversion lead to several breakout’s-leaving very little range trade opportunities. The EUR/CHF’s unusual overnight price action has created a potential opportunity as it cemented a level of support. At last approach of the prior swing low Swiss policy makers saw fit to depreciate the local currency against the Euro as its continued appreciation threatened curb demand from its largest consumer and increase deflationary pressures.

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SNB Intervention Creates Artificial Range

The US Dollar may extend gains after China’s economic growth and inflation figures topped expectations, hinting that the Asian powerhouse may boost efforts to restrict lending amid fears that the buoyant economy may overheat, weighing on risky assets.

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Traditional fundamental concerns do not apply for USDJPY; and this is a major appeal for those looking for a reasonable range setup amid recent volatility and potentially tectonic technical shifts.

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USDJPY Fundamentals may Smooth Out Volatility, Maintain Range

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Scandi Daily 01.18

The Euro is set to take center stage ahead of an interest rate announcement from the European Central Bank. Borrowing costs will likely stay unchanged, with traders looking for comments on easing exit strategies and the debt crisis in Greece.

Excerpted from:
Euro Takes Center Stage as European Central Bank Announces Interest Rates

Continued here:
Euro at Risk with ECB Rate Decision and Earnings Season Approaching.

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Scandi Daily 1.8