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EURO has Lost its Teflon?

It’s a thin market, liquidity at a premium, a holiday weekend and now we get a disastrous set of Euro-zone manufacturing data, a day ahead of the highly anticipated NFP report. The market has been slicing through the EUR like knife through butter already this...

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Again the EUR fails to weaken!

The lack of a EUR selloff this morning, in the wake of a poor Euro industrial order print (-0.7%) and ifo data (108.7), seems to prove that the market is no mood to go heavily short ahead of Bernanke’s speech this Friday. Mind you, the...

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Merkel Describes Eurobonds as “Wrong Answer”

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EURO Weight on Germany too heavy?

The market has already been forewarned that there will be no political end to the Euro-zone crisis from today’s tete-a-tete between Merkel and Sarkozy. Even with German officials insisting that Eurobonds were not on the agenda, a reluctant Chancellor may have to accept that there...

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EURO Weight on Germany too heavy?

The market has already been forewarned that there will be no political end to the Euro-zone crisis from today’s tete-a-tete between Merkel and Sarkozy. Even with German officials insisting that Eurobonds were not on the agenda, a reluctant Chancellor may have to accept that there...

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What to expect from Ben and the FOMC?

Despite the ECB having made good on its promise to tackle the Euro-zone debt crisis by widening its bond-buying program to include paper from Spain and Italy, the move so far is not enough to allay investors deep concerns, as seen by another night of...

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European Central Bank must go nuclear to save Europe

via telegraph.feedsportal.com Interesting pennant pattern forming on daily eurusd chart but euro managing to find a base against Swiss Franc & Japanese Yen. Also finding some traction against the British Pound – so once volatility has subsided we should be able to profit from some...

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Dollar Falls Following U.S. Credit Downgrade

In the wake of Friday’s move by Standard & Poor’s dropping The U.S. credit rating from the top triple-A level, the U.S. dollar has dropped against most of the major currencies. In early morning trading in New York the buck was down 2.5 percent to...

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