EUR/USD fell as low as 1.3003 on the Eurozone/IMF headlines and is bouncing around 1.3015 now. Slight stops are speculated below 1.30 but bigger stops are said to lurk below 1.2980. Technically, we would have a bullish outside day on … Continue reading
Merkel says the “continuing task” of euro integration is needed to move Europe forward. “Europe only moves forward if we take such steps of integration again and again,” the Chancellor said.
Goldman and Nomura saying the fallout from the financial crisis continues to skew seasonal adjustments: It “might tend to make things look a little better in the early winter and look a little worse in the spring time.”
United behind strong measures against Iran Oil easing slightly, now at $98.96. Anything that keeps the Straits of Hormuz open helps keep a cap on oil.
Euro zone consumer confidence rises to -21.0 in January from -21.3 in December Update: Europeans were even more confident than first reported. The EU commission has already corrected the data to show a move to -20.6 from 21.3.
Looks like we are doing risk-on, risk-off again. The JPY trades weakly versus the Euro, the commodity currencies and even GBP while equities rally and bond yields rise. More and more Wall Street analysts have called a low-yield, high price … Continue reading