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USD traded in a narrow range gaining versus JPY and GBP, and drifting lower versus the EUR and commodity currencies. JPY was pressured by BOJ ease speculation. Reuters reports that the BOJ may ease monetary policy next week. GBP traded lower in reaction to report of an unexpected decline in UK industrial production. EUR erased early loses sparked b ...

The yen was broadly softer during the New York morning as it finally fought off flows associated with the Japanese fiscal year end, in which exporters repatriate money back home. The US 3-month LIBOR rate continues to remain above the corresponding JPY Libor fixing since the move last week. There remains growing chatter that the BOJ might be leanin ...

The dollar rose versus the Japanese yen and British pound on Wednesday, but the euro managed to erase an earlier loss versus the greenback after stronger-than-expected manufacturing data from France and Italy. The euro traded at USD1.3620, up from USD1.3598 in late North American trading Tuesday. The single currency had been under pressure in early ...

Former Italian Prime Minister and no stranger to yawning fiscal deficits, Romano Prodi said earlier today that the Greek crisis is over. Having weathered the storm and with less time pressing their own fiscal agenda, the former President of the European Commission said that other lesser indebted Eurozone nations will be spared the Greek-style drama ...

Remember, macroeconomics is like working with Playdough. When you push on one spot, there is a similar or equal reaction in another… A surplus here, is a deficit there ... that type of thing. It explains why austerity for all the bad children in Europe won't work. Just get on a strict diet of austerity, you nasty little PIGS, and everything will b ...

Forex trade has been really slow this week, with the majors pairs failing at the first support or resistance that came their way. The only exception is the pound, which has moved approximately 300 pips this week. However, when compared to its historical average trading ranges (ATR), these are small movements. The slowest pair this week has been Usd ...

The JPY was weaker again into the late European session as US treasury futures sold off again and after another low inflation figure (the PPI this time) suggests that the BoJ will increasingly lean toward rolling out new quantitative easing measures to fight deflation, though the BoJ and MoF aren't necessarily on the same page as to how to go about ...

A year after the weakest close for global equity prices, risk appetite has very much returned to the agenda. Stock prices are 60% or so higher from the bottoms reached in March 2009. Of course at the time no one knew it was the bottom and subsequently investors have climbed that so-called “wall of worry.” As they did they became accustomed to int ...

The USD is trading mixed with JPY pressured by BOJ ease speculation, GBP trades lower in reaction to report of weaker than expected UK industrial production, EUR edged higher supported by gains in cross to the JPY and GBP, EUR gains were limited by report of a sharp drop in German exports, China reports strong trade data with exports up 45.7% in Fe ...

Asian markets were relatively flat today after a lackluster performance in US equities. Greek Prime Minister George Papandreou met with President Obama in Washington yesterday to discuss efforts to fight speculation. Papandreou blames speculators for fueling the fire and accelerating the debt crisis in Greece which has been the center of so much at ...