Despite weaker economic data out of Europe, the euro is trading higher against the U.S. dollar this morning, which tells us that Spain’s borrowing costs are the only thing that matters right now to EUR/USD …
Market Drivers EURUSD Shrugs off weak ZEW, German Court ruling on ESM, high Spanish yields as Grelief dominates trade Cable follows on risk + theme as more QE post weak CPI seen favorably Nikkei off …
Cable tumbled in morning London trade today following the release of cooler than expected inflation data which suggested that the BoE may have more scope to ease monetary policy in the near term. UK CPI …
Daily FX Market Roundup / Asia Preview 06-18-12 EUR: Short and Long Term Risk for Euro USD: Holding Strong Ahead of G20 Statement GBP: Inflation is Important to the Bank of England AUD: Looking to …
As it turns out, the winner of the Greek elections did not matter. The victory of the pro-euro, pro-austerity New Democracy Party did not change the outlook for the EUR/USD which closed its gap and …
By all accounts, the euro was an ambitious experiment. Its original architects, including former ECB President Trichet set out a vision of a common currency and a single central bank that would forge a stronger …
Key Market Drivers EU Open June 18th, 2012: Pro-Bailout Win in Greece but EUR/USD rally modest Spanish credit remains under stress with yields rising above 7% G-20 Next Focus for FX Nikkei up 1.77% but …
Much the relief of global capital markets the pro-bailout New Democracy party edged out the far left Syriza party in Greek elections today, but the reaction was much more positive in equities than in currencies …
Ask anyone one on the street whether the U.S. economy could use a jolt of stimulus and the answer will be an overwhelming YES! The labor market, housing market and the stock market is in …