EUR/USD The Euro was unable to regain any significant ground on Monday and was subjected to renewed selling pressure as underlying confidence deteriorated. The focus was inevitably on Europe given that there was a US market holiday. A loss of support near 1.41 pushed the currency to lows below 1.4050. There were further important stresses [...]

U.S. Dollar Trading (US) risk aversion and fear is spread through the market on Monday with Italian bond spreads increasing 57bps vs. Germany. European banking stocks slumped on EU debt the banks hold and US banks listed in Germany also fell sharply on weekend news the US would sue the banks over mortgages. The US [...]

Last week’s currency trading review The Dollar weak US data and fresh EU debt worries dominated the market last week and allowed the USD to gain against most currencies especially on Friday. The FOMC minutes surprised with some members unhappy with the easing language and this saw QE3 come into question. The case was helped [...]

U.S. Dollar Trading (US) the Dollar gained well supported on risk aversion from stocks falling heavily after weak US jobs data. August Non Farm Payrolls came in at 0 vs. 75k forecast. The August Unemployment Rate stayed at 9.1%. Gold soared on expectations that QE3 will now be implemented on a faltering US economy. In [...]

EUR/USD The Euro was unable to regain the 1.44 level in European trading on Thursday and was again subjected to heavy selling pressure as it dipped to the lowest level since the middle of August. The latest PMI data was weaker than expected with the revised manufacturing index dipping to the lowest level since June [...]