Daily Outlook – Strong Chinese Data Prompts Relief Rally

Here are the latest Financial News: Last week’s currency trading review The Dollar was on the backfoot for most of the week as stock markets staged an impressive rebound. Heavily overbought, the USD was ripe for profit taking and the market did so in a broad based fashion. April’s Trade Balance... Read the article »

EU Morning Report – Gold surges, equities fall as risk aversion picks up!

Here are the latest Financial News: Gold surges, equities fall as risk aversion picks up! Markets yesterday traded with caution once again with the US equity markets finishing the session below -1.15% and gold approached last month’s record highs to $1245. The VIX, a gauge of fear, traded above... Read the article »

Daily Outlook – EUR/USD Hits Year Lows

Here are the latest Financial News: CURRENCY TRADING SUMMARY – 2nd June (00:30 GMT) U.S. Dollar Trading (USD) Stock markets rallied aggressively in the US session after a poor lead from Europe on better than expected ISM manufacturing in May which fell to 59.7 vs. 60.4 previously. Also strong,... Read the article »

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 »

Daily Outlok – Stock Markets Continue to Rally

Here are the latest Financial News: CURRENCY TRADING SUMMARY – 30th April (00:30GMT) U.S. Dollar Trading (USD) as fears about Greece eased on perceived efforts to speed up aid delivery the market focused on Q1 earnings and continued pushing higher. Weekly Jobless Claims came in at 448k vs. 465k... Read the article »

US Morning Notes – USD higher, Greece seeks aid, surge in German IFO

Here are the latest Financial News: FX Highlights The USD is trading mostly higher except versus the EUR, the EUR trades higher in reaction to report that Greece seeks to activate the EU/IMF aid package and in reaction to stronger than expected German IFO business sentiment, GBP trades lower pressured... Read the article »

Daily Forex Report-USD higher, CDO spreads widen on Goldman charge

Here are the latest Financial News: USD: Higher, fresh Greek debt worries, improving US housing data, consumer confidence declines JPY: Higher, China tightening, Yuan revaluation speculation, Goldman default swap spreads widen EUR: Lower, Greece may soon tap EU IMF aid, Trichet says Greek bank troubles... Read the article »