Weekly

General Commentary Last week’s currency trading review The EUR/USD the main pair in the spotlight and a big mover last week with a break above 1.3000 leading to a quick run up to 1.3140. The September high was just above near 1.3170 and is the natural target for the bulls…. read more

General Commentary Last week’s currency trading review The EUR/USD closed down slightly on the week with Spain refusing to formally ask for ECB Bond buying support. Spain is concerned about the impact it will have on other countries and is not sure that it needs support given the large drop… read more

General Commentary Last week’s currency trading review The EUR/USD strength re-entered the market last week grinding up from 1.2810 to close above 1.3000 in strong trade. Spain and Greece are still in the headlines but there is a feeling now that worst is behind us for the Eurozone crisis. Spain… read more

General Commentary Last week’s currency trading review The EUR/USD continued to be pressured for another week with the markets unhappy that Spain is stalling in officially asking for a European bailout. Some investors see such a move as unavoidable so are unsure as to what gamesmanship is being played by… read more

General Commentary Last week’s currency trading review The EUR/USD was on the sell side from the get go last week as the global QE3 rally faded and traders searched for support back under 1.3000. The longer term outlook for the EUR/USD is quite strong given the navigation of the Eurozone… read more

General Commentary Last week’s currency trading review The EUR/USD was in focus during another dramatic week for the FX markets. The FOMC QE3 announcement added to an already buoyant EUR/USD which enjoyed gains above 1.3000 to 1.3160 by the end of US trade Friday. The 3+ big figure move higher… read more

General Commentary Last week’s currency trading review The EUR/USD surged higher as the ECB delivered a major new backstop to the markets that could potential put an end to the European Debt Crisis. ECB President Draghi introduced the new plan at the ECB meeting on Thursday and outlined how the… read more

General Commentary Last week’s currency trading review The EUR/USD the Jackson Hole Speech failed to deliver the clear outlook on US monetary policy that some had hoped for but there was enough for the bulls to at least hold the gains leading into the announcement. The US data between now… read more

General Commentary Last week’s currency trading review The EUR/USD is enjoying gains above 1.2500 last week with yields on Spanish and Italian debt easing and optimizing remaining strong the ECB/EU can handle the debt situation. The other major news in the market was the FOMC minutes that surprised with the… read more

General Commentary Last week’s currency trading review The USD/JPY was the currency in the spotlight last week as technical resistance was broken and daily highs saw the major sitting at Y79.50 by the weeks close. Analysts are pointing to the recent string of better than expected US data and the… read more