Yesterday the Fed announced that they will extend their yield curve 'twisting'
Advanced readings for German flash PMI came in at 44.7 versus a consensus of 45.2 while the euro zone services came in slightly better than expected at 46.8 versus 46.4
Chairman Bernanke will announce his policy decision Wednesday at 12:30 EST, and considering the recent escalation in the European debt crisis
Markets are largely ignoring some very negative indicators this morning, seeming to feel that further support from central banks is imminent.
After the positive effects of the Greek election fade, markets will shift focus toward the Federal Reserve announcement scheduled for Wednesday.
The euro symbol was originally designed to resemble the Greek epsilon, in homage to the country often considered the birthplace of Western democratic ideals.
Event risk is building for this weekend as the much-ballyhooed second round of Greek elections gets underway on Sunday.
It seems that since the very beginning of the European debt crisis the half-life of announced bailout measures is steadily contracting
20% of surveyed Chinese companies indicate convenience and reduced FX risk for the preference to be paid in Chinese renminbi
Friday closed on rumours of A Spanish Bailout, which were confirmed over the weekend, prompting a risk rally when Asian markets opened on Sunday evening.
Markets reacted positively to the Spanish banking sector bailout for about two hours before the sobering reality of the situation set in.
It is easy to see why the euro is falling.
As we have long expected, China is beginning to decelerate.
Not wanting to leave markets complacent going into the weekend, troubling headlines continue to hit the wires from the common-currency bloc overseas.
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Resisting crisis pressure, the European Central Bank did as expected and held rates steady at 1.0% overnight.
Australia released its Q1 GDP data at 1.3%, smashing expectations of 0.5% according to a Reuters poll.
The value of the monetary unit of Canada slipped Thursday against the U.S. dollar as a consequence of underwhelming employment data issued by the U.S.
Traders woke up this morning to the quite shocking news of the US Non-Farm Payroll employment numbers.
Yesterday morning the Chicago PMI Data came in quite weak with a reading of 52.7 versus and expectation of 56.7.
The value of the monetary unit of China dropped against the world's reserve currency on Tuesday
Data wise, Switzerland GDP beat forecasts by coming in at 0.7% against expectations of no change
The euro shot lower yesterday, trading with a 1.23 handle as the market digested news that eight Danish banks had been downgraded.
In a direct statement overnight the European Commission has said it would consider directly recapitalizing troubled European banks via the European Stability Mechanism
The value of the Canadian dollar gained against most of its rival currencies Tuesday amid strong indications of growth in Asia and North America
The tenuous situation in Greece has become a full-fledged national referendum on whether to stay in the euro zone and accept austerity for debt leniency.
Economic data and news flows are light this morning as market participants take stock of the significant moves across asset classes in the past wee
The euro slipped against the dollar Tuesday, edging closer to two-year lows.
The Brazilian real, the currency of Latin America's largest economy, mounted a minor rally after weeks losses brought on by an uncertain economic climate.
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