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The dollar continues to flex its muscles at the start of a new week, basking in the aftermath of last week’s robust GDP data. While it’s no surprise to learn that there was no emergency fix to the Eurozone’s fiscal troubles over the weekend, it was a surprise to learn…

The USD is trading mixed as the UK Times reports of a possible crackdown on carry trades and Asian equities trade a three month low, the UK Times article sparked unwind of JPY carry trades in Asian trade, report that EU manufacturing PMI is at a two-year high limits EUR…

With the pair ending the week lower, it is currently seen under pressure targeting the 1.5892 level, its Jan 07?10 low and then the 1.5830 level, its Dec 30?09 low. A cut through the latter will turn attention to the 1.5706 level, its Oct 13?09 low where the pair may…

Our outlook on AUDUSD remains lower as a follow through to the downside on its past week losses was seen in today?s trading session. While the pair trades and holds below the 0.9173 level, its Dec 14?09 high and the 0.8936 level, its Jan 04?10 low, we see risk of…

The previous month closed at its lowest levels for euro. The area of 1,3850 was reached as expected and a further dollar rise is possible, especially towards 1,3750, where important support is found. However, euro remains in oversold levels and an upward reaction is possible, but it should be corrective,…

Cable has dipped further following the data releases that showed an annual decline in UK home prices and decline in the number of mortgages granted. As mentioned earlier we might see further dip towards 1.5830-00. The 55-DMA (currently at 1.5754) is the significant Support seen on the downside. Any sharp…

* Times listed are GMT

Despite an initial sell off, the EUR has performed well in European hours moving higher across the board in line with the narrowing in the spread of Greek bond yield spreads vs bunds. Comments from the EU?s Alumnia that Greece?s plan to cut its budget deficit was ?ambitious but achievable?…

Negative risk sentiment is still clearly the driving theme in the FX markets. Last week, already skittish investors were hit with the ?trifecta? of problems. Rising CDS spreads on sovereign debt, worries that China would take a less accommodative stance in monetary policy and political risk in the US (take…

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