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Thought Experiment: What If Yours Currencies Were Pegged With Japanese Yen?
And despite its ballooning national debt, currently at more than 200% of its GDP (gross debt), it is still able to sell 10-year bonds at an outrageously low interest rate of 1.092%, while the yield of 10-year Greece government bond has a yield of ...
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Inferno in the FX market
EUR/CHF (NEUTRAL): The Swiss franc is overvalued and will appreciate markedly if Europe ends up in chaos. Moody's has cut Ireland to junk. This means that Greek, Portuguese and Irish government bonds are categorised as high-risk junk bonds. ...
36 votes
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European stocks cautious ahead of US jobs data
Asian markets moved higher Friday following a Wall Street rally spurred by an unexpectedly strong US jobs report and a rebound in retail sales. (AP Photo/Itsuo Inouye) A man walks past an electric stock index display of a securities firm in Tokyo ...
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ECB flags July rate rise as inflation stays high
The phrase "strong vigilance" has regularly been deployed to signal a rate hike at the next meeting, including before April's move. The ECB meets on interest rates next Thursday. The euro hit a fresh three-week high against the dollar in response. ...
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C$ weaker ahead of Greece vote, cooling oil
At 9:06 am (1306 GMT), the currency CAD=D4 stood at C$0.9901 to the US dollar, or $1.010, down from Friday's North American finish at C$0.9870 to the US dollar, or $1.0132. Earlier it touched a session low of $0.9914 to the US dollar, or $1.0087, ...
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Markets remained focussed on Europe, Greece in particular
In other news, CPI inflation in Saxony was steady at 2.3% yr in June - other state and preliminary national data are due a day later. AUD/USD and NZD/USD outlook next 24 hours: AUD 1.05 support area (1.0480 precisely) has held very well since mid-May ...
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US Review Falling commodities lift Dollar and weigh down CAD
This cemented the view that the outlook for the UK economy is gloomy. The Pound was further pummelled today after weak economic data, when the Confederation of British Industry's retail gauge fell to its weakest level in a year. ...
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EUR/CHF runs into notable seller
... Swiss pharmaceutical company has been seen selling the EUR/CHF cross above 1.2135 this morning. We're presently at 1.2125. The content of this field will not be shown publicly. Nexus: Excellent post Chris! Trade super smalls Verik, with wide stops. ...
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Hitting light stops in EUR/USD
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ...
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Weekly Outlook -Attention Turns to US Central Bank Meeting
BoE King defended the low interest rates currently in the UK with growth slow and inflation forecasted to fall. May Retail Sales plummeted -1.4% vs. -0.5% previously. The GBP/USD gained -0.23% closing at 1.6191 after opening at 1.6228. The AUD was hit ...
25 votes
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German producer price index unexpectedly flat
Following the release of the data the euro was down against the US dollar, with EUR/USD shedding 0.55% to hit 1.4232. Meanwhile, the outlook for European stock markets was downbeat. The EURO STOXX 50 futures pointed to a decline of 0.9, France's CAC 40 ...
35 votes
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USD/JPY update (17th June 2011, 06:00)
Ending the Australian session at 80.80, the dollar drifted against the yen as concerns about a Greek debt default continued to weigh on sentiment, ensuring healthy flows to ultimate safe havens such as the CHF and the JPY. ...


