EUR Stable Following Italian Budget Reforms
December 5, 2011 1:01 pm by Russell GlaserIn light trade this morning the EUR is higher after Italy presented new austerity measures to help calm bond investors who have been pressuring Italy over the past two months. According to the most recent IMM data FX traders continue ...
FX Majors Consolidating after Yesterday’s Rally
December 1, 2011 12:59 pm by Russell GlaserSuccessful bond auctions in Spain and France have kept the markets buoyant with Asian equities rallying, though this may be just be markets playing catch up with their American counterparts after yesterday’s rally. European stocks are mixed while the major ...
Central Banks and US Data Boost Risk Appetite
December 1, 2011 9:13 am by Russell GlaserToday’s data releases from the UK and the US may help higher yielding assets receive a bid following yesterday’s coordinated central bank move and a reduced Chinese reserve requirement.
Month End Trading Day Could be USD Positive
November 30, 2011 8:10 am by Russell GlaserMonth end fixing may end up being USD positive as banks' funding costs for USDs continue to rise. Trading in Asia was off to a rocky start with the Heng Seng down 1.80%. The economic calendar is crowded today but ...
EUR/USD False Breakout from Wedge Chart Pattern
November 29, 2011 12:35 pm by Russell GlaserThis morning’s EUR/USD price action looks like a false breakout from the falling wedge pattern on the daily chart.
USD/SEK Breaking 2-Year Downtrend
November 25, 2011 8:45 am by Russell GlaserThe Swedish krona continues to weaken as the USD/SEK breaks higher above its 2-year downtrend.
German Economic Data Temporary Lifts EUR
November 24, 2011 10:27 am by Russell GlaserGermany received some good news today with the release of a better than expected German Ifo survey and a strong GDP reading. The positive data comes on the heels of a tough 24 hours for both the EUR and risky ...
Potential EUR Short Squeeze Before the Weekend?
November 24, 2011 8:33 am by Russell GlaserThe EUR and equity markets have come off of their lows though sentiment remains fragile and any potential rally in riskier assets may only prove to be temporary. With US markets closed for the Thanksgiving holiday flows will be on ...
EUR Sinks Following German Bund Auction
November 23, 2011 2:32 pm by Russell GlaserThe EUR was sent to a 6-week low versus the USD after multiple bearish events came one after another. The final straw was a weak bond auction by Germany.
Economic Calendar Packed with Data
November 23, 2011 8:23 am by Russell GlaserToday will have a significant amount of data on the economic calendar. European PMI data will likely show the euro zone slipping towards a recession. The BoE meeting minutes could hint at additional easing of UK monetary policy. EU industrial ...
