The market is on hold after a zany week of developments as Italy is set to pass austerity bill and usher in new government next week. What are we waiting for now? The Italian Senate passed the new budget bill and now the lower house will vote on the bill tomorrow. Read More Market Wants [...]
European leaders and finance ministers failed to reach a comprehensive decision today to deal with the European Sovereign Debt Crisis and prevent further contagion to non-peripheral nations. Although most leaders have agreed to further bank recapitalization, France and Germany remain divided over a possible Greek restructuring and changes to the Lisbon Treaty. Read More EU [...]
Market can’t decide whether to dump risk ahead of the weekend or dump it as the interventionist spirit has clearly been moved by the latest round of market turmoil. The G-20 communiqu? issued late yesterday promising a “strong and coordinated response” provoked a shoulder shrug in Asia, followed by a Read More Market Pondering Whether [...]
The Swiss franc was down for the second week as prospects of peg of the currency to the euro significantly reduced appeal of the franc a safe asset.(…)Read the rest of Swiss Franc Weakens This Week, Reverses Downtrend by Weekend (143 words) Posted on Forex News. Read More Swiss Franc Weakens This Week, Reverses Downtrend by Weekend
After two weeks of tremendous volatility, the markets were finally offered a true breather through Friday with a significant reduction in price swings and volume readings. There is plenty of scheduled event risk to start the new week; but will it necessarily generate big FX moves? We cover the themes that you should be watching [...]
U.S. Dollar Trading (US) data was weak with June CPI falling -0.2% vs. -0.1% previously and July UoM Consumer Sentiment falling to 63.8 vs. 71.5 previously. The European Bank stress tests dominated the European session but generated little market movement with exhaustion setting in ahead of the weekend. In US Read More Markets Calm Down [...]
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With the Easter weekend already underway in Asia the trading was thinned and the moves were minimal and should remain that way in London with almost every financial center closed for an extended weekend. Amidst the quiet trading conditions the US dollar remained moored near lows due to ongoing concerns Read More Quiet Ahead of [...]
The euro weakened against other major currencies this week as the worries about the sovereign-debt crisis reemerged. The shared 16-nation European currency strengthened by the end of the week as the European leaders met to discuss the measures to deal with the problem, but the gains of the euro weren’t enough to offset earlier losses.(…)Read the rest of Euro Slows Decline by Weekend, Posts Weekly Losses (153 words) Posted on Forex News. Read More [...]
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