Forex Trading and Miscellaneous

If last week's high impact news events centered around the publication of the Markit Economics PMIs for services, then this week's fundamental high impact news is heavily geared towards the publication of Markit's manufacturing PMIs due on Thursday. Market analysts and commentators will be looking for any evidence (from those businesses polled) that the bedrock […]

Dare we dream that Europe may be exiting recession?   In our Between The Lines article of this morning we emphasised the importance of paying close attention to the Markit Economics PMI data prints and how they could influence market sentiment, particularly if many of the individual publications relating to European manufacturing and service industry

Forex markets currently appear to be driven by three main phenomena; .Continual market talk of Fed tapering and the timing thereof. .The sales of foreign assets by Japanese investors. .The liquidity squeeze of China and the slowing of the world's second largest  economy. The market consensus, after Ben Bernanke gave his two days of testimony

Has Greece Got Its Sums Wrong? Rumours Hit The Market That Its Ten Billion Euros Short…   You'd need a heart of stone not to feel for the Greek government's panel who (once the government's latest austerity vote on Wednesday evening is positive) will then have to sacrifice themselves on the alter of the high

Many analysts have been scratching their heads due to the recent disappearance of the 'risk on – risk off' paradigm. The disappearance has been discussed extensively on sites such as Bloomberg and Reuters. At FXCC we've discussed many aspects of it in our Mind The Gap and Between The Lines sections. Quite why analysts have

Italy suffers downgrade by Standard and Poor's, UK's manufacturing tumbles, as the IMF cuts global growth forecast… Occasionally we get a sharp reminder, through the fog of information from many sources that streams our way on a daily basis, of just how dire the economic situation is in certain Eurozone countries and just how far

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.