EUR/USD Slips Ahead of ECB Meeting

EUR/USD Continues to Consolidate Before Bernanke’s Speech

Investors Eye German IFO Sentiment Survey

August 26th

Investors Await Fed Minutes

August 20th

USD/JPY Climbs on Strong Retail Sales

August 15th

AUD/USD Climbs as Unemployment Falls to 5.2%

August 9th

ECB Fails To Ease Concerns Over Eurozone

EUR/USD sank yesterday after the European Central Bank disappointed markets by not backing up its vows to defend the euro with immediate action. ECB President Mario Draghi indicated that any intervention would not come before September and only if governments activated the European Stability Mechanism (ESM) to join the ECB…
August 3rd

Investors Eye Central Banks – Bond Purchases to Help Eurozone

EUR/USD closed the week higher than opening on expectations the European Central Bank will tackle high borrowing costs hitting Spain and Italy, but the pair was capped at 1.2300 on market uncertainty about the specific action to be taken. European Central Bank President Mario Draghi said “Within our mandate, the…
July 28th

Eurozone Headlines Dominate, Euro Slips on Spain Worries

The headlines from the eurozone started to dominate the markets once again. The European crisis is far from solved and those concerns are weighing on the market. Commodity currencies have been resilient lately but risk sentiment is very fragile and very volatile. AUD and NZD will probably follow EUR and…
July 23rd

Greece et al, Losing Support, Contagion Fears Continue to Weigh on EUR

The Euro has been sinking against its major counterparts since June 2011 on EU leaders’ inability to solve the debt crisis. The markets’ focus is back on Greece again as the time runs out. The Greek Finance minister Yannis Stournaras, could not accomplish anything at all during negotiations with the…
July 15th

EUR/USD Climbs Before Release of Fed Minutes, Still Uncertainty

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July 11th

EUR/USD Sharp Fall as ECB Fails to Dispel Concerns

Yesterday the EUR/USD pair fell sharply after the European Central Bank cut its benchmark interest rate from 1.00% to 0.75% (ECB also cut deposit rate to 0.0% from 0.25% and refinancing rate to 0.75% from 1%). Indeed this rate cut was priced in. However, investors were expecting for other policy…
July 6th

Euro Rises After EU Deal, Watching Bond Deals This Week

.The euro rallied against most of its major counterparts on Friday after EU leaders agreed on new measures to cut rapidly increasing borrowing costs in Italy and Spain, in addition to directly recapitalizing regional banks. Eurozone chiefs also agreed that creation of a single supervisory body for the region’s banks.…
July 1st

EU Needs Much Closer Fiscal and Financial Integration Debt Crisis Deepens

Markets are expected to remain choppy ahead of a European Union Leaders Summit which will begin a two-day meeting on long-term plans for fiscal and banking union on Thursday. Last week, weaker-than-expected manufacturing PMI figures from the eurozone and Spain’s increasing borrowing costs were the catalyst of a free fall.…
June 24th

EUR/USD Gains as Greece Fears Fade

The markets took a deed breath after pro-bailout parties won a majority in the Greek election, averting the possibility of the country’s imminent exit from the eurozone. Official projections show that parties supporting the bailout will have enough seats to control parliament. Forex investors viewed the Greek election as a…
June 18th

€100 Billion Eurozone Bailout – Uncertainty Brings Volatility

Despite initial enthusiasm over the EU aid package for Spain agreed over the weekend, forex market participants do not want to take huge risks ahead of weekend Greek elections that could result in Greece exiting the eurozone. Rising scepticism over a €100 billion eurozone bailout for Spain’s troubled banks pushed…
June 13th

EUR/USD Falls On Unclear U.S. Policy Stimulus Eurozone Fears Intensify

The euro lost ground against the greenback after Federal Reserve Chairman Ben Bernanke disappointed investors looking for a clear signal of further U.S. monetary stimulus. Big move during the last was a result of expectations for another round of quantitative easing but what Mr. Bernanke said yesterday was probably not…
June 8th

Slowing U.S. Employment Growth Raises Concerns U.S. Economy Not Immune to Slowdown

Recently the hope for forex investors had been that the U.S. economy at least could continue its growth even as Europe was declining but Friday’s U.S. jobs report confirmed that U.S. economy is not heading for a strong recovery this year. The Labor Department report showed that the U.S. economy…
June 3rd