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The world’s attention is on the fiscal malaise in Greece and Portugal. Just a few months ago, policy makers told banks to shore up their balance sheets with more sovereign debt. However, policy makers around the world have since raced to spend money in an attempt to reinvigorate their respective…

The Swiss Unepmloyment Rate (seasonally adjusted) came in at 4.1%, an improvement over the 4.3% expected and 4.2% prior reading.

Seemingly a good number for the CHF, although there has not been much of a market reaction. The market may be looking more closely at the upcoming retail sales figures out of Switzerland in a little over an hours time.

Eur/Chf and Usd/Chf are relatively unchanged at 1.4665 and 1.0760 respectively.

The USD is trading mixed rebounding from early overseas decline, USD initially weakened in reaction to EU pledge to solve the Greek fiscal crisis and narrowing of Greece’s credit default swap spreads, USD rebounded as the details of the EU plan to address Greek fiscal issues were limited and EU…

The dollar and yen both continues to benefit from ongoing uncertainty over the perceived dangers to the growth outlook within the Eurozone. A weekend meeting of G7 ministers failed to deliver a stronger message than the European commission had delivered last week. Investors had been optimistic ahead of the weekend…

Euro has moved to new lows again, reaching slightly below 1.3600 area on Friday, but the week closed much higher. As we had mentioned in our previous analysis, an upward reaction is expected this week, in terms of a correction, but it could lead euro towards the first important resistance…

Immediate outlook for GBP has turned consolidative to corrective after selling off from the 1.6456 level on Jan 17?10 to 1.5556 low on Friday. While the pair retains its broader weakness triggered off the 1.7041 level, its Aug?09 high, risk of corrective recovery was seen in early trading today following…

As further recovery is now seen following the cross?s Friday strength, EURGBP was seen pushing through its minor resistance at the 0.8767 level, its Feb 01?10 high and then challenging its Jan 25?10 at 0.8793 in today?s trading session. A decisive clearance of there is required to convince the market…

The Cable rose towards 1.5625 during the day and has fallen back once again as attempts to break above have been met with strong selling. However, on the downside we fell that the Support at 1.5580-5500 mentioned in the morning would continue to prop the pair from a further fall…

Although the greenback moved higher in early part of the week to as high as 91.28 (we entered long once at 90.00 and was exited at 90.22), the currency pair tumbled from there towards latter part of the week on massive risk aversion and our long position entered at 90.10…