Submitted Nov 27, 2012|From forexblog.oanda.com

For so long, nothing exciting happens and then a plethora of news events has this market again sitting up embracing movement. I nearly said volatility, but alas, a tad too strong so early in the count. In the past 24hrs alone, the Eurocrats have ...

Submitted Nov 26, 2012|From forexblog.oanda.com|22 comments

The IMF has come up with a sustainable debt and repayment timeline for Greece. The IMF proposal is to get the debt to GDP rate down to 120 percent, from current 190 levels and give Greece until 2022. European members will have to agree on the debt ...

Submitted Nov 21, 2012|From forexblog.oanda.com|9 comments

After failing to reach and agreement on Greek debt Merkel has issued a statement where she is confident there will be a deal reached next Monday. The failure to reduce the debt Greece owes to 120 percent of GDP would require some members to take a ...

Submitted Nov 20, 2012|From forexblog.oanda.com|20 comments

So far, it looks like most investors have shrugged off first-hand France losing its coveted triple A credit rating late Tuesday. Global equities have weakened only modestly or if at all. Throughout the overnight session, the EUR has managed to ...

Submitted Nov 19, 2012|From forexblog.oanda.com

There seems to be more of a positive attitude in the air this Monday morning on signs that US lawmakers are finding some common ground on deficit reduction efforts. Even the single currency has managed to strengthen despite traders keeping a wary ...

Submitted Nov 18, 2012|From forexblog.oanda.com|1 comment

The Forex market is very much paralyzed within a tight range as worries about the US fiscal cliff, Middle-East tensions and Greek debt negotiating seem to be keeping many investors sidelined. EUR/CAD left hand flows have been eating away at the ...

Submitted Nov 16, 2012|From forexblog.oanda.com|5 comments

It’s been an awkward and monotonous week, interrupted by a few major event risks in the making. With so many investors taking a beating from the equity moves of late, has to a degree, discouraged forex participation. The cash investor sitting on the ...

Submitted Nov 15, 2012|From forexblog.oanda.com|20 comments

When there is good news in Europe, expect the bad to follow soon after. We can be thankful that the Eurozone GDP this morning did not contract by as much as many of us had been expecting. The bad news is that -0.1% print in Q3 after the -0.2% ...

Submitted Nov 14, 2012|From forexblog.oanda.com

Today is a big day for public strikes in the Eurozone. Spanish and Portuguese workers have managed to hold their first coordinate general strike. Unions in the neighboring countries of France, Italy and Greece are also planning work stoppages as ...

Submitted Nov 13, 2012|From forexblog.oanda.com|1 comment

They came, they saw and they talked, then they talked some more. That was about it from the Euro-group meetings yesterday. It concluded with the usual obligatory remarks; praising Greek austerity measures to date. It was noted that despite ...

Submitted Nov 12, 2012|From forexblog.oanda.com

It’s no surprise to see the overnight markets trading a mixed, somewhat illiquid session ahead of today’s EU summit and partial US holiday. Weeks ago, investor expectation was that Greece’s problems would have been taken care. It was expected that a ...

Submitted Nov 9, 2012|From forexblog.oanda.com|7 comments

It’s virtually a month and a half until the ‘turn,’ or the New Year to most of us. As traders, we should expect Euro growth concerns, the fiscal cliff and Greece or Spain to dominate the reasons for most of our trading strategies. Until now, the ...

Submitted Nov 9, 2012|From forexblog.oanda.com|3 comments

The term ‘fiscal cliff’ is dominating most trading activities, thoughts and investor actions. Asian and European markets have and are seeing ‘red’ as the markets fixate on the new go to buzzword. Concerns over the US fiscal cliff will remain at the ...

Submitted Nov 7, 2012|From forexblog.oanda.com

With Obama winning a second term has increased expectations that the Fed will maintain its loose monetary policy for the foreseeable future. This has allowed Global equities to climb, US treasury to rally, the price of the yellow metal to surge and ...

Submitted Nov 6, 2012|From forexblog.oanda.com

Finally, today the US populace goes to the polls to elect their President, all members of the House of Representatives, and about a 1/3rd of the 100 members Senate. The billion dollars that both parties spent on advertising was becoming a little too ...

Submitted Nov 5, 2012|From forexblog.oanda.com|13 comments

It’s Monday morning and European financial markets have decided to step carefully into this new week of political uncertainty. US elections for the White House are tomorrow. On Thursday, China’s ruling party begins the 18th congress in its history. ...

Submitted Nov 3, 2012|From forexblog.oanda.com|1 comment

A surprisingly strong NFP has the put the Democrats in a buoyant mood ahead of next weeks US Presidential race showdown. Loudly, they have seized on the pickup in hiring in the US economy, days before polling. Romney and his Republicans continue to ...

Submitted Nov 2, 2012|From forexblog.oanda.com

The 10 year power transition in China will happen next week. President Hu Jintao is expected to step down with current VP Xi Jingping in line to be the new leader for the next 10 years. On the economic front there has been encouraging news out of ...

Submitted Nov 2, 2012|From forexblog.oanda.com

EUR remains on the back foot after a surprisingly strong NFP headline and monthly revisions. A resilient US jobs report has some thinking that the FED may be less likely to go further down the QE path. No matter what next weeks US election outcome ...

Submitted Nov 2, 2012|From forexblog.oanda.com|11 comments

NFP, you cannot disappoint us, especially after yesterday’s run of US data being well received. Euro asset classes so far this morning remain little changed as investors remain cautious ahead of the granddaddy of US reports-employment. It was only ...