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Forex News and Commentary

• EUR: EU Summit Skirts Around Key Issue January 30, 2012
  Today’s EU Summit was nothing more than another opportunity for European officials to disappoint the market. European leaders stuck to script, providing very little in the way of innovation. […]
• USD Up on Safe Haven Bid as Portugal CDS Price in Major Default Risk January 30, 2012
  With 10 year Portuguese bond yields above 15.5 percent and Italian yields above 6 percent, the EUR/USD's five day winning streak has come to an end. Euro […]
• EUR/USD Under Pressure as Greek Deal Elusive January 30, 2012
  Risk FX was under pressure as trading opened for the week as the deal between Greece and private sector investors failed to materialize over the weekend. The EUR/USD slid to a low of 1.3130 from a closing high of 1.3225 on Friday while Aussie drifted all the way to 1.0535 from 1.0650 as European equities declined by more than -1%. […]
• Euro Weaker as Week Opens January 30, 2012
  The euro was lower in Asia at the start of week’s trade as the disappointment over the lack of a definitive deal between Greece and private sector investors caused the currency to slide to 1.3140 from its Friday’s close of 1.3225. Although the reports over the weekend suggested that the two parties were close - agreeing on a 60% haircut and a coupon just bel […]
• EUR: What To Expect From EU Summit January 27, 2012
  European leaders will be gathering in Brussels on Monday for this year’s first EU Summit. As usual there has been a lot of pomp and circumstance surrounding the meeting with investors wondering if any major decisions will be made on providing a wider safety net for the region. […]
• Disappointing US Data Triggers Turn in Equities and Currencies January 27, 2012
  Earlier this week the Federal Reserve planted the kiss of the death on the U.S. dollar and this morning we continue to see the lingering effects of their ultra-easy monetary policy. Although no one expected the central bank to turn […]