Markets Look Ahead to Weekend G20 Meeting; AUD/JPY Targets 8
Risk assets were supported in overnight trading, with the exception of the Euro, which was modestly weaker on expectations that German GDP figures for the fourth quarter will show that productivity weakened into the end of 2011. With little seen
Citi: Euro Could Gain To $1.35-$1.40 In Next 3 Mos
(Dow Jones via eFXnews) "Over time, there's upside risk to the euro, so assuming the LTRO goes well, the euro will be between $1.35 and $1.40 within three months," says Steven Englander at Citi.The LTRO is the ECB's discount loan program for
SPX 500 - Wednesday 02-22-12
The SPX 500 is down about 2 points from yesterday’s close on the S&P 500 as of 7:30am EST.
Greece Expected to get OK today
Today is expected to be the day that EU finance ministers will approve the second bailout package for Greece. We hope that markets will breathe a collective sigh of relief as this leaves plenty of time to spare before the Greek bond repayment whi
Sell EUR/GBP This Week - Morgan Stanley
(Dow Jones via eFXnews) Sell (Dow Jones via eFXnews) EUR/GBP this week, says Morgan Stanley, as sterling looks like a relative safe haven given the event risks in Europe.Morgan Stanley recommends selling the cross at 0.8320, with a stop of...
UK Retail Sales Crush Forecasts In Jan
Back on track? UK retail sales left forecasts in the dust in Jan, raising hopes the UK might sidestep recession.
RBS Recommends Short Euro-Yen Position At Y104.50
(Dow Jones via eFXnews) RBS recommended Friday that investors short the euro against the yen at an entry position around Y104.50.The euro has rebounded strongly against the yen since mid-January, RBS foreign exchange strategist Robert Sinche
SPX 500 - Friday 02-17-12
The SPX 500 sits about flat from yesterday’s close on the S&P 500 (as of 8:45am EST).
Volatility Slows as Markets Await Monday’s European Finance
Market volatility has slowed as investors await the results of the next meeting with European finance ministers (set for February 20) where the second bailout agreement for Greece will be discussed. Comments from officials have suggested that th
Just By the Way: China Reduced its Holdings of US Treasuries
As markets are keenly focused of the “Greek Tragedy” de-risking themselves some may have not seen that in TIC data released yesterday by US Treasury it showed that China in December 2011 was selling US T Notes. Data shows that China reduced by US
Option Market Gets The Jitters
(Dow Jones via eFXnews)The option market is getting the jitters as investor sentiment continues to be undermined by Greek debt concerns. While EUR is the focus, those currencies correlated with risk appetite are also coming under pressure.Inv
Latest Developments from Greece: Delay, China, & Samaras
The back and forth in the European sovereign debt situation continue today, with markets see-sawing from hope to gloom. Initially, market sentiment was positive as China re-affirmed its commitment to help Europe via the IMF as well as by helping


