Sentiment twds the [EURO] has turned clearly bearish as debt concerns are suddenly revived left, right and center in the Press after a seeming Summer vacation of calm. A TIME article is also now warning that the respite in...
[AUD/NZD] reached Friday's high of 1.2750 in early Australasian trade before easing down a tad to open the Asian session around the 1.2735/40 level. The pair then drifted down over the course of the day to reach an o/n...
[Asian Close] The Yen and Chf are under pressures on overall unwinding of risk off trade due to good data from Australila and China
Belgium bonds have been sold aggressively this am (10-yr spread vs Bunds widened 8bp+ to 72.5bp) amid concerns that the [BELGIUM GOVT] could break-up (UK Telegraph). King Albert II is said to have appointed two new negotiators to...
An Independent article suggests that a surge in bank lending, a huge rise in spec property buying & banks hiding loans off balance sheet could spell big [TROUBLE FOR CHINA]. China came through the recession in the west fairly...
[EUROPEAN EQUITIES] have traded in comparatively narrow ranges considering Bonds have dumped as much as 50-60 ticks on the day at one stage with the inverse relationship between the asset classes decoupling somewhat. Stocks...
[EUR/USD] shrugged off the disappointing German retail sales result (-0.3% m/m vs 0.5% f/c) at the start of the session. The +57 Dow Future is supportive as well as tentative broader market positive sentiment following the...
[RISK ASSETS] are likely to receive a further knock on boost after Friday's better than expected NFP report (-54k jobs lost vs -100k f/c) turned to reduce the risks of a double dip recession in the US. Whilst appetite was...
[EUR/USD] rose for the fourth day running from an earlier low of 1.2808 made in late Asian trade to an intraday high of 1.2870 after the release of better than EMU PMI Services which came in at 55.9 vs prelim 55.6 although...
[GBP/USD] hit the day's low of 1.5337 right after the start of the Asian session before a strong performance by Asian stock markets gave the pair a fillip to an intraday high around 1.5420 late in the session before opening the...