Monday, August 23, 2010 Germany’s positive Purchasing Manager Index (PMI) for Services couldn’t save the Euro as the other PMI reports out of the EuroZone showed a strong decrease.  In times, like these, when deflationary pressures are high the market reacted to the decrease as an overall sign that growth for the area is slowing [...]

Monday, August 09, 2010 I really expected some correctional moves after last week’s volatile Non-Farm Payroll (NFP) report.  However, most pairs merely consolidated near last Monday/Tuesday resistance levels. The Euro and Pound did weaken, mildly, on a strong equities market that is gaining strength on assumptions that a weak jobs report will be cause for [...]

Monday, August 2, 2010 The currency market is, again, led by the global equities markets as European and American stocks rally driving more USD selling and gave a boost to the flagging Euro and the uncertain Pound.  Manufacturing numbers for Britain, Europe and the U.S. seem to be aiding a market looking to invest. Euro [...]

Fundamental Report for the Week of July 26, 2010 Monday, July 26, 2010 The slow news day coupled with a luke warm response to last week’s Euro-bank stress tests has added up to  a fairly quiet foreign exchange market. The Euro was able to pop up to previous resistance at 1.30 indicating a glimmer of [...]

Monday, July 12, 2010: Slow news day left nothing more than a pullback against the USD as the market awaits some news that gives them the thumbs up to trade again. The Euro was lifted to new highs on Sunday’s positive outlook for the week, but quickly returned to last week’s levels at 1.2620 and [...]

Fundamental Report for the Week of July 4, 2010 Monday, July 5, 2010 Predictably, the market was very, very sleepy without US trading floors to infuse volume over the course of the day. A bright spot for the EuroZone is in the Purchasing Managers Index (PMI) Composite numbers.  Despite the volatility in their own economic [...]

Monday, June 28, 2010 With no real surprises coming out of the G20 meeting, where there was a lot of focus on debt reduction and overall budget reduction, there’s not a whole lot to report on a slow news day. Germany’s Consumer Price Index stayed fairly steady.  Giving the Euro a bit of boost, especially [...]

Monday, June 21, 2010 Risk appetites increased significantly in the rolled over Asian session creating a USD selling frenzy almost across the board as China officially announced it is creating a true floating currency and unpinning the Yuan’s price from that of the USD. The one notable exception was the USD/JPY which interestingly created a [...]

Monday, June 14, 2010 The market continued trading in the direction of last week’s closing momentum, but since there hasn’t been any catastrophic news the gains seem to be mostly on an increase in risk appetite. I was watching the NZD/USD for a reaction to a predictably declining Retail Sales number as predicated by their [...]

Monday, June 07, 2010 The Euro achieved its pullback mostly on fundamental news.  Germany posted strong YoY data, increasing from 26.1% to 29.6%, however the weak MoM data hurt the overall sentiment of the market who seemed to be looking for a cheap place to buy in the early NY session.  With no other supporting [...]