FX Highlights The USD is trading mixed to lower pressured by a modest recovery in equity markets sparked by news that Greece received €14.5bln from the EU to repay bonds and in reaction to above forecast UK inflation, EUR traded higher supported by the news of today’s Greek financial support which helped to dampen investor [...]

Canadian Dollar gains following rate decision by the BoC! Tuesdays trading was one of volatility across the board despite a light US financial calendar; this time around focus was on the EUR, GBP, AUD and CAD. This resulted in a weak overall dollar performance. The Euro fell on uncertainty about Greece activating the aid package. [...]

FX Highlights The USD is trading lower as equity markets rebound in reaction to strong earnings at Goldman, diminishing concern over the impact of the SEC investigation of Goldman and optimism about the global recovery as German investor confidence improves, EUR is trading higher supported by above forecast German ZEW investor sentiment, EUR gains were [...]

FX Highlights The USD is trading lower as EU finance ministers say they have a plan to aid Greece and equity markets rally, EUR supported by report of better than expected German ZEW economic sentiment index, GBP supported by a report of rising UK house prices and the latest UK election polls which suggest the [...]

FOMC policy decision tonight rates expected to remain unchanged! Yesterday we saw a stronger dollar and stronger JPY across the board. Initially the USD gained on the back of favorable economic data suggesting the US is experiencing consistent strong growth in output. Industrial production was released and showed a growth of 0.1% for the month [...]