Admin

Fundamental Headlines – Greek President Told Banks Anxious as Deposits Pulled – Bloomberg – Merkel-Hollande Meeting Yields Greece Growth Signal – Bloomberg – BoE Cites Increased Risk of Disorderly Euro Outcome – DailyFX – Hedge or Bet? Parsing the JPMorgan Trade – WSJ – Mortgage Delinquencies Decline – WSJ European Session Summary After Greek leaders [...]

Gold and silver continued their downward trend during yesterday’s trading despite the slightly positive news of the higher than expected growth rate of Germany’s GDP in the Q1 2012 (a growth rate of 0.5%); the news of the new elections in Greece to be held in June raised the anxiety in the markets and dragged [...]

Talking Points British Pound: BoE Curbs Growth, Inflation Forecast – 1.5800 In Sight Euro: Eyes 23.6% Fib For Support, IMF Strikes Cautious Tone For Italy U.S. Dollar: Index Approaches December High, FOMC Minutes In Focus British Pound: BoE Curbs Growth, Inflation Forecast – 1.5800 In Sight The British Pound tumbled to a fresh monthly low [...]

Talking Points US Dollar, Japanese Yen Outperform as New Greek Elections Spark Risk Aversion British Pound Looks Past Jobless Claims Data, Focusing on BOE Inflation Report Slower Eurozone CPI May Compound Euro Selling on ECB Easing Expectations FOMC Meeting Minutes May Dent QE3 Expectations, Adding Fuel to Dollar Rally The US Dollar and Japanese Yen [...]

The strength of the Japanese yen loved by shoppers is hated by the Japanese administration, politicians and corporations. The head of Nissan recently said that yen strength is like a “1,000-pound gorilla” that scuppers our ability to sell cars abroad. After having embarked on several bouts of intervention, some in coordination with other central banks, [...]