EU Morning Report – G20 Agrees to disagree on fiscal consolidation!

Here are the latest Financial News: G20 Agrees to disagree on fiscal consolidation! Markets traded cautiously on Friday and the USD softer on Friday as Q1 GDP was revised to 2.7% from earlier 3.0% estimates. Markets on Friday were sidelined as trader’s squared positions ahead of the weekend G20... 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 »

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 »

Daily Forex Report – USD off lows, retail sales beat expectations

Here are the latest Financial News: USD: Lower, Yellen appointed to the Fed, retail sales post unexpected rise, consumer sentiment dips JPY: Lower, BOJ may double QE, threat of intervention EUR: Higher, Greek debt fears fade, talk of German/French Greek rescue package, industrial output surged GBP:... Read the article »

Daily Forex Report – USD lower, GDP revised higher, existing homes sale drop

Here are the latest Financial News: USD: Lower, pressured by a recovery in global equity markets, Q4 GDP revised up, existing home sales drop JPY: Higher, factory output expands and retail sales jump, Yuan revaluation speculation EUR: Higher, inflation falls, gains in cross to GBP, short covering GBP:... Read the article »