Euro Feels the Heat of Summer
Markets are continuing to assimilate the consequences of the recent European elections, and the wall of worry confronting investors has not diminished.
Author: CashBackForex.com
European Election Results Unsettle Currency Markets
Late last week we speculated weather the markets had discounted a victory by the socialist party in France. Judging by the market action this week, that was not the case.
NFP Numbers Suggest US Recovery Is Slowing
For the second month in a row the Non-Farm Payroll number was well shy of the trade’s conservative estimate.
Australian Economy Coughs Up Carbon Tax
July 1st, less than two months away, will mark the commencement of Labor Prime Minister Julia Gillard’s controversial carbon tax. While Australia accounts for only 1.5% of global carbon emissions, it is the largest per capita emitter.
US Dollar Changes Tack on Back of Economic Data
Early, the USD was under pressure yesterday with across the board selling. ‘The US recovery is slowing and it is time to sell the USD’ was the mantra. The markets were attracting a lot of new bears,...
USD Shivers in the Spring Breeze of Poor Economic Numbers
After last weekend’s election in France, where the incumbent Sarkozy finished poorly, many were expecting the euro to weaken versus the USD. Such was not the case, and to the chagrin of a market loaded with shorts,...
Forex Markets Chew On Japanese Fundamentals
European news has dominated the forex market with a steady narrative of an ongoing saga, making it easy to forget the Europeans do not have a monopoly on a saga of troubled times. Last night we got...