January 23rd, 2012 18:12:32 GMT

1.30 not the mark to watch


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


January 23rd, 2012 15:02:19 GMT

Oh, those confident Europeans!


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.


January 23rd, 2012 14:50:38 GMT

Back to the bad old days…


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

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