Forex Trading and Miscellaneous

Troika agrees a route forward with Greece as protestors take to the streets. The Greek government's commitment to its international lenders and bond holders, that it will push through widespread layoffs in the public sector despite the objections from government workers, sparked mass protests on the streets of Athens. As Eurozone finance ministers met in […]

The week beginning July 1st ended as it began in the FX market, with virtually all the medium to longer term forex trends on the major currency pairs remaining unbroken. The euro continued its downward trend versus all of its major peers whilst the greenback continued its upward trajectory. The euro's slump continued post the

What message are Japan's salary men delivering to the global economy? Many readers will be familiar with the concept of Mrs Watanabe, for those amongst us that aren't here's a quick synopsis; Mrs Watanabe is the personification of the Japanese housewife speculators, who are (occasionally) strong enough to affect international markets, especially foreign exchange markets.

Is it too early to become relieved by Spain's job numbers? The number of unemployed in Spain at the end of June 2013, according to data from the records of the Public Employment Service, has dropped by 127,248 versus the previous month. The reduction is 2.60%. The fall in trend started in March and has

Positive PMIs fuel bullish sentiment in Asia, Europe and the USA… The start of the year's third quarter trading period was positive; from the Asian session the bullish sentiment continued through to the London session, further extending in the New York session, although risk appetite fell away and the DJIA retraced and gave back some

In the overnight/early morning Asian session the print published regarding Chinese data, (the manufacturing PMI), came in as forecast by the economists polled. The figure was 50.1. The HSBC Markit publication was slightly lower than forecast at 48.2, a nine month low, but not significant as a miss in order to alter the current positive

The UK balance of payments data has been published in the morning London session. The prediction was for a minus £11.9 bn deficit, but the figure came in far worse than the economists' predictions at £14.5 bn, thereby exceeding the previous month's figure by €0.9 bn. This figure represents 3.6% of UK GDP. Business investment

The UK waves goodbye to Mervyn King with a £375 billion tick a tape parade, otherwise known as quantitative easing… Tuesday saw the last statement from the UK's outgoing governor of the Bank of England Mervyn King to the all party treasury select committee. This UK government committee overseas the decisions taken by the BOE