Mersch triggers euro correction
Yesterday, EUR/USD faced a serious setback and this time the move didn’t originate from the US, but from the euro-zone. ...Read More
Asia buckles under U.S. recession speculations
Rumors of an emergency FOMC meeting are still doing the rounds in Asia. ...Read More
Dollar Lifted By A Risk Aversion! Can it last?
Athens - The greenback managed to reverse all of its losses and even make new highs against the euro in an unexpected big move late last night.
What caused this move though wasnt euro weakness as much, but risk aversion and DOW JONES plummeting to new lows. ...
Today offers an excellent test of the big themes in the market: first, the Citigroup earnings report will offer a test of the market sentiment on the continue banking sector fallout and its impact on the risk aversion trade. ...Read More