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Any hope that markets could go into this weekend’s Chinese New Year celebrations, the start of Carnival and the Bank Holidays in both Canada and the US were shattered this morning following further monetary tightening from China.  This has resulted in traders and investors bailing out of commodities and rushing back into the safe haven [...]

The euro rallied against the US dollar overnight in the Asian trading session, driven in part by expectations that today’s EU summit will put together a bailout package for Greece.   Currency traders have been punishing not only because of the Greek fiscal deficit but also on fears that the problem will spread to other member [...]

Equity markets in Asia overnight all rallied, ending in positive territory with the Nikkei bouncing back from a two month low.  This more upbeat mood was taken up today by European exchanges which saw the FTSE 100, German DAX & French CAC all gaining as details have been emerging on how the EU propose to [...]

A mild rebound overnight in Chinese equities helped to reduce risk aversion as traders sold the Japanese Yen against higher yielding currencies such as the Euro and this mild bullish tone has translated into the EURUSD which has also risen this morning.   However, whether this rebound can be maintained in the face of the current [...]

This weekend’s G7 meeting in Canada appears to have been ignored by the markets as traders and investors suffered a severe case of the jitters last week with equities continuing to fall along with commodities and the Euro. This latest crisis of confidence has seen investors rush into top rated Treasuries resulting in the yield [...]

Equities plunged today and the dollar surged as traders and investors rushed into the safe haven of US Treasuries on growing fears over the health of Europe’s club med economies.  In the space of a few weeks investor fears, which initially had been confined to Greece, have spread to Portugal and Spain and spilled over [...]

On Monday global equity markets finally entered some calmer waters following a very nervous close on Friday evening.  This relative calm gave the risk sensitive euro some much need breathing space as it rebounded from the lows of USD1.3852, a level not seen since July 2009.  Nevertheless, most Asian stock markets still closed in negative [...]

Previous Currency Trading Summary : Weak Asian equity markets helped to push the risk sensitive euro further down on Monday with traders speculating that the common currency could continue to fall if the US Congress responds positively to the proposed US banking regulations.    In early trading the euro was sold off against the Yen following [...]

Currency Trading Summary The USD advanced against the euro in early New York trading as worries over sovereign debt of some of the weaker eurozone countries helped to push the single currency below USD1.40.   Although the French (and others) denied that the authorities were working on a bail out plan for Greece only added pressure [...]