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ECB Risks Not so Balanced
At today’s meeting the Governing Council of the European Central Bank (ECB) kept the interest rate on the main refinancing operations of the Eurosystem at 1.00%. In our assessment, ECB President Trichet appeared less at ease during the conference
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U.S. Employment Commentary
U.S. nonfarm payroll declined by 467K in June, following the upwardly revised 322K jobs lost the month before (previously reported as -345K). 8
ECB Interest Rate Decision
As expected, the ECB left interest rates unchanged in July at 1.00% and provided very few changes to their outlook for inflation and the Eurozone economy. 10
USD/CHF rises above 1.0800 on recovery path
The USD/CHF's recovery from 1.0707, 1 week low reached yesterday, has continued further in the European session to trade above 1.0800 level and post 1.0826 as fresh intra-day high. Currently the pair is trading around 1.0800/10, 0.55% higher than 13
GBP/USD collapses to post 1.6330 as fresh 1-week low
GBP/USD has fallen further in the European session after falling from 1.6500 level in Asian session. Cable has dropped 130 pips in the last hour from 1.6460 (MA200 hourly chart) to post 1.6330 as fresh 1-week low. Currently the pair is trading ar 11
Daily Chart Art: July 2, 2009
Daily Chart art 10
Daily Economic Roundup for July 2, 2009
Daily Economic Roundup - check it out! 12
Forex Exchange Morning Report
US economic data last night had a mildly bearish tone overall - ADP payrolls were weaker than expected (although this series is acknowledged to be a poor indicator of the more important non-farm payrolls series), ISM manufacturing met consensus, 12
Dollar down ahead of key events
Dollar fell across the board after New York midday report said the Chinese had asked the G8 to debate a new reserve currency at next week’s heads of state summit. Euro reached an intraday high of 1.4201... 10
Polish Zloty Hits 6-Month High Against Euro
The Polish currency hit a six-month record versus the euro, after getting a World Bank loan to rescue the country from one of the most severe recessions among the European Union bloc members. 15
GBP/USD tests 1.6445 resistance after rebounding at 1.6385
After trading in a small range between 1.6420 and 1.6480 in yesterday's American session and falling 80 pips to find support at 1.6385 in the Asian morning, GBP/USD has begun to rise to test 1.6445 resistance level (MA200 hourly chart). Currently 8
USD back in ranges
Greenback enter the Asian session back inside past days range against major rivals, after falling to 1.4153 against Euro, and to 1.6744, fresh year low against Gbp early Tuesday 
