Market Analysis

2013-05-21 04:36 GMT Fed-Speak to dominate EUR/USD trading in coming days The EUR/USD was able to claw back a small portion of its losses suffered last week, finishing the day up 64 pips at 1.2884. Economic news was light on the session with European markets closed and no releases out of the US. Market participants […]

2013-05-16 03:05 GMT BoE sees a modest and sustained recovery over the next three years The quarterly Inflation Report released by the Bank of England on Wednesday suggests that UK inflation should rise above 3% in June and that it will possibly remain above the 2% target for the next two years. As for the

2013-05-09 07:00 GMT EUR/USD notches a solid day of gains as ‘risk on’ mentality continues In a day where risk assets were primarily well bid across the board, the Euro was able to notch some decent gains, finishing up 81 pips at 1.3159. The initial catalyst which seemed to help push the pair higher was

2013-05-08 07:00 GMT What Equity Rally Says About Currencies Over the past week, all of the action has been in equities. U.S. stocks powered to new record highs while currencies consolidated quietly. The U.S. dollar weakened against the euro and Japanese Yen and strengthened against the British pound, Swiss Franc, Australian and New Zealand dollars.

2013-05-07 07:00 GMT A quiet week of economic data could keep EUR/USD range bound The EUR/USD closed the day down 41 pips at 1.3072. The pair is still searching for direction and given the upcoming week is much more quiet as far as economic releases are concerned the trading range nature of the pair could

2013-05-06 07:00 GMT EUR/USD still searching for direction after busy week of economic data After what was an extremely busy week of economic releases and central bank monetary policy meetings, the EUR/USD finished the week up 87 pips at 1.3116. The price action remains extremely choppy with neither side being able to sustain any follow

2013-04-25 05:00 GMT Enrico Letta named Italian PM Italian President Giorgio Napolitano, who was reelected to the post last weekend, has given the mandate to form a government to center-left deputy leader Enrico Letta on Wednesday.After accepting the nomination the new Italian Prime Minister said that he would form "a government of service to the

2013-04-22 03:52 GMT Japan escapes censure on the G-20 meeting he G-20 communiqué provied little fresh headlines to market participants, with the main take away on FX-relate news being the permissive stance towards Japan's monetary policies to beat deflation. The G20 communiqué is basically echoing the same position by the G7 back in February. As