providio

Currencies: 22Mar Modest US Dollar strength is coming mostly from the “commodiity currencies” on slowing Chinese economic data. However, most of the majors are in “mean reversion” mode and taking a break from recent moves higher. Volumes have bee dropping, keeping with the consolidation...

Providio's Futures Market Comentary for March 14, 2012Providio's Futures Market Currencies: 14Mar With the US economic situation apparently stabilizing and Europe’s much less certain, the chances of further US Fed easing are receding. As such, with higher implied US interest rates, the Euro and...

Currencies: 08Mar With the Greek debt-swap situation apparently going swimmingly, risk-on is back in vogue, especially in anti-USD trades, Gold, and Equities. News reports that the ECB is staying put with its key interest rate added tot his dynamic. Then the rise in US Jobless Claims took a bit...

Metals: Gold: 28Feb Watch today’s break out above last Thursday’s high of 1789.5. If it can’t sustain the move, it may be entering a consolidation phase. Resistance should be offered at the psychological 1800 level, which aligns with the November high at 1804. We continue to track the...

Currencies: 15Feb The action for the last week or so has shifted the previously positive anti-Dollar trade the other direction. Unless an atypical move is due, the FX markets should stay in the current positive Dollar/negative other bias for several weeks. Volumes seem to be holding up strongly...

10Jan The possibility of Chinese intervening to spur economic growth and Fitch’s less negative outlook on Europe underpinned yesterday’s rally in most of the physical markets we track. However, they are lagging our Overbot Equity sector while the EuroFX is looking lonely, extending its stay on...