This week's trading has been largely characterized by sideways tradingand consolidation after the very strong moves we had the past fewweeks.While there were some fresh developments in regards to sovereign debt,the EUR was not pressured so much as it...
Friday, April 15, 2011
Latest Developments in Euro-zone, China Strong Growth, Bank Of England Sentance Talks Up Inflation
READ MORE - Latest Developments in Euro-zone, China Strong Growth, Bank Of England Sentance Talks Up Inflation
Monday, April 11, 2011
Dollar Gets Slammed on Monetary Policy Outlook
Highlights * Dollar gets slammed on monetary policy outlook * ECB keeps its cards close to its chest * The UK: pricing out a rate hike * Will the BoC do anything Loonie next week? * Key technical levels to watch in the week ahead * Key data and...
Saturday, March 26, 2011
Euro Slumps Following EUnited Statemmit Conclusion and Amidst Portugal Worries
*EU Summit shows divisions…* The EU Summit has came and went, and all the hoopla about acomprehensive solution to the sovereign debt crisis may have beenmisguided. We continue on a similar path of status quo.What was accomplished was to finalize the...
Wednesday, March 23, 2011
Euro Declines ahead of Portugal Vote
The euro declined ahead of the Portugal austerity vote which has beendelayed and as decisions regarding EFSF measures were reportedlypushed back as well. EUR/USD fell from above 1.4200 to around 1.4100and currently trades around 1.4125. U.S. housing...
Sunday, March 20, 2011
EUR Hits 2011 High as Trichet Re-affirms ECB Rate Hike in April
In a speech today, Trichet helped support the Euro, as he iteratedthat the ECB continues on its path of hiking interest rates. Whenasked about a possible April rate hike, he said the ECB's message hasnot changed. | From Bloomberg: Trichet Says His...