The European Union approved new economic leadership, putting a Finn in charge of policing Greece’s deficit, a Frenchman at the helm of bank regulation and a Spaniard in the top antitrust job.
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The 0.8 percent decrease in stockpiles followed a revised 1.6 percent rise in November that was larger than previously estimated, figures from the Commerce Department showed today in Washington....
Feb. 9 (Bloomberg) -- The euro may fall toward a 15-month low against the dollar after forming a so-called dead cross, said Tsutomu Soma, a bond and currency dealer at Okasan Securities Co. Ltd. in...
Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the...
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GFS Forex, one of the latest brokers to withdraw from the US market, has settled a Complaint that was launched against it by the NFA in December 2009. The Complaint charged GFS Forex and its...
Global equity markets are up sharply after reports that the Greek sovereign debt problems will be resolved shortly. Stock investors are driving up indices as confidence is being restored to the...
The U.S. Dollar is under pressure overnight as traders are liquidating long positions on the prospect of that a deal to rescue Greece from its sovereign debt problem is being worked out in Brussels....
Traders and hedge funds have bet nearly $8bn (€5.9bn) against the euro, amassing the biggest ever short position in the single currency on fears of a eurozone debt crisis.
Figures from the Chicago...
USDJPY: Sees Upside Strength
USDJPY–The pair may be strengthening but while the 91.27 level, its Jan 21’10 high at 91.86 and the 92.00 level, its channel top hold as resistance levels, we look for...
The yen and dollar fell on speculation European officials meeting this week will agree to assist Greece in tackling its budget deficit, reducing demand for the currencies as a refuge.
The yen slid...
European Central Bank President Jean-Claude Trichet is changing his plans to leave Australia and return to Europe purely because of logistics, an ECB spokesman said on Tuesday.
"The problem was...
European officials here are quick to scoff at talk of a bailout for crisis-racked Greece, the hardest-hit country in the euro zone, insisting Athens needs to get its fiscal house in order.
But if...
We have witnessed the lemming trade in gold. Last year, the commodity rallied 24%. After the last two weeks of volatile trading, holding a long position is like passing a ‘hot potato’. Speculators...
The euro rallied and emerging-market stocks recovered from the worst three-day slide in a year on speculation Greece will get European help to tackle its budget deficit. U.S. stock-index futures...
The Euro-zone economy will inevitably remain a key short-term focus, especially with a summit due on Thursday. Confidence will remain very fragile in the short term, but any kind of support package...
Britain's goods trade deficit with the rest of the world unexpectedly widened to its highest in nearly a year in December, after imports from non-EU countries shot up at their fastest rate since...
The euro regained ground versus the U.S. dollar Tuesday after news emerged in late Asian trading hours that European Central Bank President Jean-Claude Trichet would leave a meeting in Sydney early...
The UK's goods trade deficit with the world widened to its highest level for a year in December, as imports from non-EU countries rose sharply.
The goods trade deficit widened to Stg7.278 billion...
NB: THE FOLLOWING IS AN ABRIDGED VERSION FOR FULL ANALYSIS AND CHART ILLUSTRATIONS OF RECOMMENDED TRADES SELECT "DAILY OUTLOOK" FOR TODAY
FOREX, COMMODITIES, STOCKS Outlook 2/9: Two Minute Drill ...
Big Picture
As of early Tuesday in Europe, most risk assets attempting oversold bounce begun Monday into early Tuesday despite Euro debt concerns. EUR, AUD, CAD rising on oversold bounce vs. the US...
Economists expect deflation in Japan to be more moderate in fiscal 2011 than previously thought while projecting higher economic growth in much of that year and fiscal 2012, according to a monthly...
Germany's exports in 2009 tumbled 18.4% and imports dropped 17.2% compared to the levels in the previous year, posting the biggest decline in foreign trade since 1950, the Federal Statistics Office...
German exports unexpectedly jumped in December, notching their fourth successive monthly gain, as the global recovery bolstered demand for goods from Europe’s largest economy.
Sales abroad,...
EURUSD: On Corrective Recovery Mode
EURUSD: The pair is building slowly on its corrective recovery following through to the upside on its Monday marginal gains in early morning trading today. This...
German exports fell by 18.4 percent in 2009 from their level one year earlier, the sharpest drop since 1950, figures released on Tuesday by the national statistics office showed.
The total value...
The inflation rate in Germany, Europe’s largest economy, held steady in January as clothes prices fell and rising joblessness damped demand.
Consumer prices, calculated using a harmonized...
