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Pound Slumps as Concerns Mount Over UK Recovery, BOE Rates
Interest-rate expectations have certainly been a key driver for the pound and the euro, said Simon Smith, chief economist at FXPro Financial Services Ltd. in London. People are still betting Trichet is still most likely to raise rates but on the UK ...
37 votes
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Yen falls on G7 intervention but traders sceptical
As the dollar rebounded, the cost of hedging against a further yen rise fell. Implied volatility on one-month dollar/yen options JPY1MO= was at 14 percent, well off highs near 21 percent on Thursday and showing the market calming a bit. The euro EUR= ...
43 votes
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FX Market Commentary
Importantly, traders are also on alert surrounding a conference call by G-7 finance ministers in an effort to stem the economic decline in Japan. The question is could this be the event which triggers a wide scale effort to depreciate the JPY? ...
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Nikkei set to retreat on nuclear worries, yen
"Falls in global markets were sparked by fears that Japan may hurt the global economy, so sentiment is very weak," said Kazuhiro Takahashi, general manager at Daiwa Securities Capital Markets in Tokyo. "And of course we're all looking at the nuclear ...
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Irish Cbank Releases Irish Bank Stress Test Scenarios
Jamie Coleman: Usually oil and gas settlements occur on the 25th of each month. Canadian producers turn USD receivables from US customers into CAD around that... sid: jamie, can you explain a bit about the oil flows and usd/cad and on what dates of the ...
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EUR/JPY drops back under 112.50
You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ...
24 votes
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Euro zone flash CPI rises in line with expectations in February
Forex Pros Consumer price inflation in the euro zone rose broadly in line with expectations in February, official data showed on Wednesday. In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.4% in February, ...
23 votes
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Asia Open - Overnight Highlights
USD/JPY worked its way steadily lower, as safe haven flows underpinned JPY strength. The transactional demand for JPY is likely to remain the driving force behind the JPY rally. Treasuries continued to rally in the o/n trade after Japanese markets ...
29 votes
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Irish `Bad Boys' Vow to Keep Tax Rate After Sarkozy Summit Spat
At a meeting of euro-area leaders in Brussels on March 11, Kenny, 59, refused to raise the country's 12.5 percent company tax rate in return for a 1 percent interest rate cut on the aid Europe is providing to Ireland. It is a fundamental issue for our ...
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AUD/USD: Corporate buyers; dealers happy to sell intraday rallies
I like that old usd/jpy trendline around the 83.25 area to... Lance: If you want to intervene militarily in Libya, then you would want to intervene militarily the next time China has a Tienanmen Square incident. But somehow, the...
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Daily Financials Forecast
In the longer term, the improving global economy, along with favorable interest rate differentials will continue to support the Australian dollar and the Canadian dollar against the US dollar. Prices firmed in light of Moody's downgrade of Spain's ...
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Dollar broadly lower vs. rivals on oil price gains
The greenback was also down against the pound, with GBP/USD climbing 0.22% to hit 1.6306. Elsewhere, the greenback slipped against the yen but was slightly higher versus the Swiss franc, with USD/JPY shedding 0.24% to hit 82.11 and USD/CHF easing up ...


