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6 Observations As The Week Winds Down

This has been an important week in terms of price action throughout the capital market. The down draft in the equity markets, most foreign currencies, most commodities, is both a cause and effect of rattled investors. Often it seems that market sentiment tends to overshoot in one direction and then the other. Sentiment is clearly in one...

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Obama to raise 'specific' euro ideas at G8 summit

(WASHINGTON) - President Barack Obama will raise "specific" actions Europe could take on its debt crisis at the G8 summit starting Friday, as Washington welcomes talk of more growth-oriented policies. Obama's national security adviser Tom Donilon however said that the ultimate decisions on saving the euro zone would be down to continental leaders...

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How Much Of The European Malaise Is In The Currency Markets?

Is there anyone who does not know the Europeans have a severe debt crises, which has the potential to engulf the world in one more financial meltdown? The weeks fly by, but the news and the fears of a Greek exodus from the euro, and the risk of contagion spreading to other counties, remains the central theme of financial markets. Free markets,...

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Yen Top Performer as Aussie, Euro Stabilize; Sterling Tumble Continues

Fundamental Headlines

- Jobless Claims in US were Unchanged at 370,000 Last Week – Bloomberg

- Several on FOMC said Easing May Be Needed on Faltering – Bloomberg

- Spain Beset by Bank Crisis, Recession, Bond Pressure – Reuters

- China Overtakes India as Top Gold Consumer – WSJ

- Greece Swears in Caretaker Government – WSJ

European Session Summary

Price

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Euro At Risk On Spanish Bank Downgrades, Pound Searches For Support

Talking Points

  • Euro: Spanish Banks Face Rating Downgrades, RSI Still In Oversold Territory
  • British Pound: U.K. Sticks To Austerity, Prepares Contingency Plan For Greek Exit
  • U.S. Dollar: Index Hits Fresh Yearly High, RSI Maintains Upward Trend

Euro: Spanish Banks Face Rating Downgrades, RSI Still In Oversold Territory

The Euro slipped to a fresh monthly

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EUR Short Squeeze Too Far?

By Dean PopplewellThis market needs to catch its breath after the selling pressure across currencies and the blood bath in equities this week. It can be rather monotonous to listen to the euphoric rants of the EUR bear. To date, it has been an unfair playing field. They have all the negative ammunition. For the bulls, it seems they have to...

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Late Dollar Longs Look Vulnerable

Perhaps it is the California air, where I am on a business trip, but it seems that the euro bears have run their course for the time being and a corrective phase may be unfolding. The late buyers of dollars against most of the major and emerging market currencies look vulnerable.When the news first broke, the euro was of course sold off, but...

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Crude Oil, Gold May Recover as Greece Eurozone Exit Fears Digest

Talking Points

  • Crude Oil, Copper Have Scope to Recover as Greece Fears Digest
  • Gold and Silver May Rise as US Dollar Retraces Recent Advance

Commodity prices are on the upswing in early European trade, with markets beginning to show cautious signs of recovering risk appetite. A corrective bounce seems reasonable. The prospect of Greece exiting the

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