EUR/USD Climbs as Greece Exit Concern Eases

Traders Sceptical before EU Summit USD Gains on Safe-Haven Demand Before EU Summit

Deepening Turmoil in Eurozone Fuels Concerns About Contagion…

May 18th

EUR/USD Sinks on Greece Bailout Uncertainty

May 13th

EUR/USD Drops as Slowing Growth and Elections Damp…

May 6th

EUR/USD Falls on Disappointing Unemployment Data

May 3rd

U.S. Economic Recovery Slows in Q1

The Euro gained against the U.S. dollar after a weaker than expected GDP report released by the Bureau of Economic Analysis fueled worries about the health of the US economy. However, investors’ sentiment can change as the gulf between France and Germany, the eurozone’s two biggest economies, widens over tackling…
April 29th

Investors’ Focus Shift to Bank of Japan

After a two-day meeting of the Federal Open Market Committee, the central bank left its interest rates unchanged. Fed policy makers upgraded their forecasts for growth and unemployment this year while repeating their view that borrowing costs are likely to remain “exceptionally low” at least through late 2014. Fed Chairman…
April 26th

EUR/USD Climbs As Investors Eye FOMC

The latest data came out of the U.S. point to steady but slow growth. While strong U.S. corporate earnings are boosting the investors’ sentiment, this week the market participants will focus very closely on the minutes of Federal Open Market Committee and Chairman Ben Bernanke’s press conference. We think that…
April 22nd

SNB Chief Jordan Vows to Defend Ceiling

EUR/USD fell for the second day as investors took a cautious stance ahead of Spanish and French bond auctions. Concerns that the country will be unable to finance its debt were tempered after it sold more 12-month and 18-month bills than expected on Tuesday. Eurogroup chief Jean-Claude Juncker said that…
April 19th

USD Gains on Europe Debt Concern

EUR/USD headed downward as investor concern over Europe’s debt crisis intensified and economic reports in China missed estimates. China said its economy expanded 8.1% in the first quarter, the slowest pace since 2009. The yield on 10-year Spanish sovereign debt climbed 16 basis points to 5.98%. Also the cost to…
April 15th

EUR/USD Climbs As Europe Debt Fears Ease

In its latest Beige Book business survey The Federal Reserve provided an assuring assessment of the U.S. economy, after Friday’s data showing a sharp slowdown in U.S. jobs creation in March triggered a sell-off in global markets earlier this week. Comments by two top Fed officials suggest the central bank…
April 12th

Investors Reduce Net Short Positioning In Euro

Even though the euro was weighed by worries about Spain’s high debt level the EUR/USD gained on Friday in thin trading after sharply lower-than-expected U.S. jobs figures bolstered views the Federal Reserve could yet ease policy further to boost the world’s biggest economy. The data showed that U.S. Non-farm payrolls…
April 8th

USD Climbs as Europe Debt Worry Stings Risk Appetite

EUR/USD fell sharply as poor Spanish bond sale heightened concerns about funding difficulties by lower-rated euro zone countries and after Federal Reserve minutes reduced expectations for further monetary stimulus in the United States. Comments from European Central Bank President Mario Draghi that the euro zone’s economic outlook is subject to…
April 5th

Firewalls Won’t Solve The Debt Crisis

EUR rallied against its major counterparts on the last trading day of the first quarter after budget cuts in Spain boosted hopes the country could stick to an austerity path and European Union finance ministers meeting agreed to boost the scope of the euro zone’s firewall to over €800 billion.…
April 1st

Investors Shift Focus To EU Summit

Euro has been climbing against the greenback and the Aussie on concerns about growth prospects in the world’s two largest economies, the United States and China. Sentiment had been dented by data showing new orders for U.S. durable goods increased only modestly in February, below analysts’ expectations, while a gauge…
March 29th

EUR/USD Climbs on Weak U.S. Home Sales

The forex market was volatile as headlines changed often during the last two days. Weak manufacturing numbers from the eurozone hurt investors’ sentiment. Thursday, market players remained short of euros on worries over an economic slowdown and high levels of sovereign debt in many euro zone countries. But on Friday…
March 25th

Chinese Data Disappoints Investors

The financial markets have been volatile lately due to the economic reports released recently. Data showing an unexpected increase in the public sector borrowing and the BOE minutes of the meeting showing two members voting for further quantitative easing had triggered a sharp dive in the Cable yesterday. For Posen…
March 22nd