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I am looking around this morning and there are all kinds of economic tidbits and news stories that, in isolation, could prove meaningful. But one item is particularly catching my attention … and everyone else’s, it seems. The euro is down more than 100 PIPs as I write and it’s…

The dollar is at its highest in a couple of months this morning and slowly it seems that the euro is undergoing the same fate that the greenback faced when it stared into the November employment report on the back foot. Investors have largely written off monetary tightening across the…

Overall, the dollar index continued its uptrend in Tuesday trade, even though the equity and the commodity markets moved very little. With the gains posted throughout the overnight session, the dollar index is approaching the 77.00 area, the highest value since October. The weakest pair throughout the session appears to…

The USD is trading sharply higher supported by report of Austrian bank troubles and a weak German Zew index, Austria’s fourth largest bank may have to be nationalized, Austria’s six largest bank was nationalized Monday, EUR pressured by concern about Austrian banks and report of weaker than expected German Zew…

In the intermeeting period incoming data has confirmed that the recovery is gathering further strength, with GDP growth shifting up a gear to a 4-5% pace heading into 2010. Much of the strength is still owing to stimulus and inventories, but consumer spending and foreign demand has been more robust…

The Federal Reserve Bank has been stressing recently that inflation is not expected to pose any threats at least over the short term, as elevated levels of space capacity amid the ongoing economic weakness continue to weigh down on prices and accordingly inflation remains well under control, however, the outlook…

* Times listed are GMT

The pair is now trading below 1.4625 level after after crawling back above that level at the end of monday session. That leaves further downside towards the 1.4500 level initially with a loss of there opening the door for more downside pressure towards its Oct 02?09 low at 1.4479 or…

With the pair now holding slightly below its longer term trendline, GBP requires a firm hold below there to bring further downside towards its Oct 30’09 high at 1.6124. A decisive break of the latter will turn attention to its strong support located at the 1.5706 level, its Oct 13’09…