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Media reports speculating that Greece has hired the US legal firm Cleary, Gottlieb, Steen and Hamilton LLP to prepare the country to leave the euro area, has been denied by the European country. The Greek Finance Ministry said in an e-mail statement, that the appointment of the legal advisers ‘is

Media reports speculating that Greece has hired the US legal firm Cleary, Gottlieb, Steen and Hamilton LLP to prepare the country to leave the euro area, has been denied by the European country. The Greek Finance Ministry said in an e-mail statement, that the appointment of the legal advisers ‘is

The Euro dollar travelled in a narrow 35-pip range in the less active Tokyo market towards early Europe with participants on the sideline as we get closer to tomorrow’s all important US Employment Data. The median forecast calls for a small increase in the U.S. Non-Farm Payroll of +67,000 against

The Euro dollar travelled in a narrow 35-pip range in the less active Tokyo market towards early Europe with participants on the sideline as we get closer to tomorrow’s all important US Employment Data. The median forecast calls for a small increase in the U.S. Non-Farm Payroll of +67,000 against

Dollar Yen rose to 77.25 in the Asian session, however it was met with much profit-taking and late yen buying to 76.80. H 77.25 L 76.55 Range 70-pips. Euro Yen rose almost 100 points to 111.97, and the low was 110.00. It seems any new highs made on the yen

Dollar Yen rose to 77.25 in the Asian session, however it was met with much profit-taking and late yen buying to 76.80. H 77.25 L 76.55 Range 70-pips. Euro Yen rose almost 100 points to 111.97, and the low was 110.00. It seems any new highs made on the yen

Thursday’s Australian economic data will be extremely important for market sentiment and could certainly set the Reserve Bank agenda for the next few policy meetings. There will be a particular focus on the retail sales data due at 01.30 GMT, especially as consumer spending will be vital for underlying economic

Considering bearish divergence condition in 4 hours MACD, EUR/CHF might have made a short term top at 1.1971. Intraday bias is cautiously on the downside for the moment and sustained break 4 hours 55 EMA (now at1.1555) should bring deeper pull back to 1.1163 support and below. On the upside,

Considering bearish divergence condition in 4 hours MACD, EUR/CHF might have made a short term top at 1.1971. Intraday bias is cautiously on the downside for the moment and sustained break 4 hours 55 EMA (now at1.1555) should bring deeper pull back to 1.1163 support and below. On the upside,

After the severe market turbulence of August, the PMI data due for release on Thursday will be very important in setting September’s tone as markets look to assess the danger of a much more severe economic downturn. The US and UK will release their August data while the Euro-zone will