The Canadian dollar is suffering from the earthquake in Japan, from to different aspects. USD/CAD parity isn’t too far. Update on the Canadian dollar. The horrible catastrophe in Japan is …
Read More
USD/JPY briefly dipped below 80, as a European official said that the situation in Japan’s reactors is out of control. While the report was later denied, it’s clear that the …
Read More
The all-important Claimant Count Change indicator, showing the change in the number of people claiming for unemployment benefits, unexpectedly dropped by 10,200 people. These good news pushed GBP/USD slightly higher, …
Read More
The Fed is cautiously more optimistic about the US economy and dedicated a bigger portion of its statement to the rising inflation. These slightly more hawkish words help the dollar. …
Read More
The Euro bulls ride on the upcoming rate hike in the Euro-zone. Higher interest rate means a stronger currency. But wait! the talks about a rate hike are already hurting Europe’s …
Read More
European leaders reached an agreement about the debt crisis after the markets were closed. This agreement is important, yet not sufficient. Here’s an analysis of the deal and the implications …
Read More
Credit rating agency Moody’s has downgraded the rating of Greece by a whopping 3 notches. Their official rating fell from Baa1 to Ba1. The outlook remained negative, meaning that Greece …
Read More
The “day of rage†in Saudi Arabia will take place today, Monday, March 7th, instead of Friday. The organizers of demonstrations in the Saudi Kingdom have decided not to wait …
Read More
Portugal is likely to receive a bailout program in a few weeks. Yields on Portuguese yields refuse to drop from the 7.50%. Bonds on 10 year notes are a good …
Read More
Non-Farm Payrolls rose by 192K, quite in line with expectations. Yet again, we got a nice surprise from the unemployment rate, that fell to 8.9%. The initial reaction is a …
Read More