Last week’s currency trading review The Dollar was generally stronger with the notable exception of the Euro and JPY as stock markets crashed around the world on concerns that the Eurozone Debt problems would pull the world back into recession. The panic selling had little major catalyst but fear set in and key levels on [...]

USD: Lower, risk aversion, de-leveraging continues JPY: Lower, Japan’s finance minister expressed concern about JPY strength EUR: Higher, German parliament approves EU rescue plan, German GDP slows, business sentiment dips GBP: Higher, net public sector borrowing rose at a record pace, mortgage approvals at one year low CAD and AUD: AUD & CAD higher, RBA [...]

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 is to try and prevent speculative assaults on German [...]

USD: Lower, CPI posts an unexpected decline, core rate unchanged, rumor of Fed intervention JPY: Higher, tracking risk sentiment, risk aversion rises as stocks slide, industrial production revised higher EUR: Higher, rumor of ECB/SNB/Fed intervention GBP: Higher, dovish BOE policy minutes, rumor the Fed intervened to buy the EUR CAD and AUD: AUD & CAD [...]

USD: Higher, Empire Manufacturing weaker than expected JPY: Mixed, manufacturing orders rise, pace of wholesale price drop slows EUR: Lower, concern about EU debt contagion and growth risk, ECB sterilizes its bond purchases CHF: Lower, SNB rumored to be intervening in the EUR/CHF cross GBP: Lower, UK budget uncertainty, new budget to be released on [...]