Options Pricing Shows USD/JPY Move to 100 Unlikely
The resignation of Japan's Prime Minister Yukio Hatoyama sent the Japanese yen lower against its major counterparts in trading yesterday. However, options traders are betting against yen declines to 100 US dollars.
Euro Recovers Overnight Losses, Pound Surges
Following a drop to the 1.2110 level in overnight trading on Euro-zoen banking woes, the NY session saw those losses pared in dramatic fashion. US stocks opened in the green, helping to boost risk appetite, while a US manufacturing report showing
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Daily Video Recap: Euro Rises on Intervention Chatter
Following a slide late yesterday on surprising news that Germany would stop the naked short selling of bonds and credit default swaps, today the Euro rallied as we had some intervention from the Swiss National Bank pushing up the EUR/CHF pair and
Zachary Karabell: The World's Dollar Drug
Another nice piece by Zachary Karabell who to most of us is simply a guy who shows up on CNBC from time to time and has some fantastical hair. Back in 2009 I highlighted another of his well written pieces (Oct 14, 2009: Zachary Karabell - Deficit
Video - Moody’s Looks to Downgrade Portugal, Euro Slumps
The Dollar was a main recipient of safe-haven flows as we had further contagion fears in the Euro-zone as Moody’s placed Portugal under review for a downgrade. The EUR/USD hit a 14-month low, and with oil and gold falling commodity currencies wea
Video Recap: Euro Tumbles on Downgrades to Greece & Portugal
Uncertainty and risk aversion reigned in the currency markets today as Standard & Poor’s downgraded Greece’s sovereign debt rating to junk status while also downgrading Portugal. That caused a sharp sell-off of Euro’s and other higher yielders an
Germany’s Merkel and Credit Ratings Sour Risk Sentiment
The currency markets were hit with a wave of risk aversion in overnight trading as the Dollar and Yen gained on the back of higher yielders like the Euro, Pound and commodity currencies like the Canadian and Australian Dollars. Risk sentiment was
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Itz Weekend Market Review
Is the market seeing a meltup rally and the classic 'Sell in May'.Bottom line, stay hedged and consider taking some money off the table.
This Gold Bullion Index Comes With a Twist
Up until now we have always questioned to what extent the price of gold was due to the U.S. dollar’s weakness or to gold’s secular strength but with the introduction of the Kitco Gold Index now we know - precisely - because it measures the price
Market Update: Euro Slides on what else… Greece
The EUR/USD pair was sold in European trading, sliding from 1.3650 to the 1.3520 level before finding some support as there were renewed concerns about Greece’s ability to raise its own capital through debt auctions. Speculation that Greece will


