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 [...]

Monday, May 31, 2010 Low volume created quiet conditions for most of the day as the USD recovered a bit from last week’s selloff. The Loonie was the market’s biggest winner, however as it pulled back to its old support and resistance zone between 1.05 and 1.04 based on positive numbers throughout its new releases.  [...]

Monday, May 24, 2010 Yawn, stretch, yawn.  I think the market took a long weekend after wearing itself out this past month.   Though I don’t think the USD rally is over, it is clearly overbought and time for a pause.  The economic calendar was kind enough to accommodate with a light schedule of releases, with [...]

Monday, May 17, 2010 There was no economic reason for the Euro to pullback, though it was due for a pause after last week’s emotional sell off.  It didn’t hesitate to push through old lows, however and stayed below the highly psychological level of 1.25 giving more reason to believe the market was on board [...]

Monday: The Euro experienced a much needed and well timed recovery thanks to Germany’s phenomenal bump in Exports from 5.1% to 10.7%, crushing the market’s expectation of 3%.  The gains couldn’t out pace the fear facing the market under such strained conditions, for the Euro specifically one word:  Greece. Driven by more risk aversion the [...]