EU Morning Report – Consumer confidence surprises the market coming at 57.7!

Here are the latest Financial News: Consumer confidence surprises the market coming at 57.7! Markets yesterday were of the V variety across the board. Equity markets along with risk currencies started the day with eerie risk aversion building momentum as fears from the Spanish banking sector continued... Read the article »

Special Report-Growing threat of intervention

Here are the latest Financial News: After plunging to a four year low versus the USD in reaction to report Germany has temporarily banned naked short sales of government bonds and default swaps the EUR posted a sharp short covering rebound in US trading session Wednesday. The ban on naked short selling... Read the article »

Special Report-US April retail sales expected to slow

Here are the latest Financial News: US retail sales for April will be released on Friday May 14th. Retail sales are expected to have continued to rise in April but at a slower pace than last month. The Commerce Department reported that March retail sales rose by 1.6% and sales were 7.6% higher from a... Read the article »

Daily Forex Report-USD higher, CHF rises to record high versus EUR

Here are the latest Financial News: USD: Higher, concern about EU debt contagion, China slowdown, productivity slows, jobless claims drop JPY: Higher, supported by a spike in risk aversion as Asian equities tank EUR: Lower, fear of Greek contagion risk, ECB leaves rates policy unchanged, EUR/CHF tumbles GBP:... Read the article »