The EURO weakens across the board on further Greece fears and the Kraft-Cadbury acquisition! The USD had a spectacular day yesterday during the US session as the European session continued to feel nervous about Greece’s fiscal position coupled with a disappointing German Zew report. The EURUSD subsequently got sold off and fell to lows of [...]

CURRENCY TRADING SUMMARY -20th January (00:30GMT) U.S. Dollar Trading (USD) was able to gain against most pairs as the biggest currency pair the EUR/USD swooned and the USD/JPY garnered support from lows. Stocks markets were very strong and this led risk currencies such as the AUD and commodities to perform well. DJIA +115 points closing [...]

CURRENCY TRADING SUMMARY -19th January (00:30GMT) U.S. Dollar Trading (USD) weakened gently in quiet markets as US Bank Holiday kept trading thin. Stock markets came off lows in Asia and rallied in Europe to help risk appetite improve. Attention this week will be on Q4 Chinese GDP and US Corporate earnings. Looking ahead, November TIC [...]

FX Highlights Equity markets managed to end positively in Europe recouping some losses following Friday’s close. Fixed income and stock markets are closed in the US due to a public holiday, lending to thinner volumes on the FX side. The GBPUSD rallied strong in the US session but has since sold off roughly 50pips after [...]

Sovereign risks continue to dominate FX trade with the Euro down almost 2 big figures, inflation remains subdued in the US and the Eurozone! Fiscal issues in the Euro remained to be the main driver in FX on Friday as the USD benefited once again over sovereign risks and reduction in risk seeking. It seems [...]