After a brief rally at the start of this holiday-shortened week, the EUR went on a largely one-way trip south, resuming its year-end decline against all major currencies. EU sovereign debt fears and banking sector stresses continue to send investors fleeing from the Eurozone. Government bond yields of the most Read More EUR Gets Hit [...]
Posted in FX News | Tagged eur, gets, hard, hit, start, the, to, year
… the coming weeks to sell debt that may reach EUR+262b’s worth in the first quarter, rising funding costs will not make saving the 13-year old currency any easier. The market will now focus on North American employment data, with NFP out tomorrow. … 39 Vote(s) Read More FX requires EUR Fixed Income to trade
Posted in FX News | Tagged eur, fixed, fx, income, requires, to, trade
While Italy managed to have a successful auction of short-term 6-month debt, market jitters are still there in regards to the 10-year debt on offer by Italy in tomorrow’s trading session. Italian 10-Year Yield – Italian 10-year yields rallied after dipping initially after the short-term debt auction, moving back above 6.9%. Read More GBP and [...]
Posted in FX News | Tagged and, at, balance, ecb, eur, falls, for, gbp, low, record, routed, sampp, sheet, the, to, week
Last week I wrote about the puzzling market reaction to the disappointing EU Summit, but the delayed response finally came at the start of this past week’s trading. EUR/USD collapsed below recent range lows in the 1.3220/50 area, forcing a flood of option-related selling on the break down, before bottoming Read More EUR Finally Caves [...]
Posted in FX News | Tagged caves, downside, eur, finally, focus, in, remains
In contrast, comments from Bean, Posen and Weale have suggested that the door remains open to further instalments and RBS UK Economics continue to look for a further GBP 50bn in February. The FOMC Minutes from the September meeting showed that Fed … 33 Vote(s) Read More British pound exchange rate forecasts GBP to gain [...]
Posted in FX News | Tagged 1, british, eur, exchange, forecasts, gain, gbp, in, on, pound, rate, timeframe, to, year
The greenback was mixed against the majors with the Dollar Index continuing to hold above the 50% retracement of the rally from Aug. lows to Oct. highs. The risk rally appeared to be losing steam as growth concerns came back into focus following a shrinking Chinese trade surplus which was Read More USD Mixed, EUR [...]
Posted in FX News | Tagged approves, as, efsf, eur, mixed, slovakia, stable, usd
Meanwhile, there was also good news for the Eurozone’s real economy, with the release of August’s whole-of-Eurozone Industrial Production figure, which showed that industrial output had unexpectedly expanded by 1.2% since July’s figure. … 5 Vote(s) Read More Foreign Exchange Report GBP EUR Rate Under Pressure As Barroso Unveils
Posted in FX News | Tagged as, barroso, eur, exchange, foreign, gbp, pressure, rate, report, under, unveils
The Euro is slipping today as a risk-off tone threatens to cut into the single currency’s strong gains from Monday. The market’s focus is on several stories, including jitters over Slovakia’s vote on the EFSF, comments from ECB Trichet, as well as some contradictory signals from euro-zone policymakers. Overall, the Read More EUR Softens on [...]
Posted in FX News | Tagged debt, eur, expectation, greek, larger, of, on, slovakia, softens, trichet, writedowns
The Canadian dollar climbed against the euro today as the favorable macroeconomic data made the Canadian currency more attractive to investors than the European one. On the other hand, the loonie fell against the US dollar and the yen.(…)Read the rest of CAD Jumps vs. EUR, Falls vs. Safer Currencies (146 words) Posted on Forex News. Read More CAD Jumps vs EUR, Falls vs Safer Currencies
Posted in FX News | Tagged cad, currencies, eur, falls, jumps, safer, vs
The issues surrounding the EU periphery remained the major drivers of sentiment/direction in the early part of the Asian session. First off, news that S&P was downgrading Italy’s credit rating one notch to ‘A’ with a negative outlook took the EURUSD down towards the 1.36 level from a 1.3688 NY Read More EUR Hurt By [...]
Posted in FX News | Tagged action, banks, by, china, downgrade, eu, eur, hurt, italy, of, on, reports
