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The EURUSD rallied strongly off the European open yesterday

Review Global equity markets rebounded yesterday with risk appetite strong right from the European open as peripheral yield spreads tightened after reports of possible options for Greece were being discussed by Eurozone officials. The rally was also underpinned by further strong US corporate earnings with IBM setting the tone for the day and the majority [...] [...]

The EURUSD rallied strongly off the European open yesterday

Review Global equity markets rebounded yesterday with risk appetite strong right from the European open as peripheral yield spreads tightened after reports of possible options for Greece were being discussed by Eurozone officials. The rally was also underpinned by further strong US corporate earnings with IBM setting the tone for the day and the majority [...] [...]

The EURUSD fell heavily again yesterday

Review Global stock markets continued their aggressive risk-off decline yesterday as fears that Italy may catch the debt contagion put equities under extreme selling pressure. Bond markets turned their attention to the Eurozone’s third largest economy as the Italian 10-year yield spread over the German Bund blew out to a euro era high of 305bps. [...] [...]

The EURUSD fell heavily again yesterday

Review Global stock markets continued their aggressive risk-off decline yesterday as fears that Italy may catch the debt contagion put equities under extreme selling pressure. Bond markets turned their attention to the Eurozone’s third largest economy as the Italian 10-year yield spread over the German Bund blew out to a euro era high of 305bps. [...] [...]

The EURUSD fell sharply for a second day yesterday

Review Positive sentiment continues to stubbornly control the equity markets despite several negative factors yes-terday. A significant worsening of the Eurozone peripheral debt crisis in the aftermath of Moody’s downgrade of Portuguese debt, a worse than expected US ISM Non-Manufacturing and a Chinese interest rate hike failed to shake off the control the bulls have [...] [...]

The EURUSD fell sharply for a second day yesterday

Review Positive sentiment continues to stubbornly control the equity markets despite several negative factors yes-terday. A significant worsening of the Eurozone peripheral debt crisis in the aftermath of Moody’s downgrade of Portuguese debt, a worse than expected US ISM Non-Manufacturing and a Chinese interest rate hike failed to shake off the control the bulls have [...] [...]

EURUSD rallied almost 3 handles yesterday

Review Global equities rose yesterday as better than expected economic data from China and a reassurance from Ben Bernanke that the Fed is prepared to respond to a faltering recovery with more stimulus boosted risk appetite. The E-mini S&P made new session highs following Bernanke’s comments eventually finding resistance at our second target of 1226.50 [...] [...]

The EURUSD fell sharply for a second day yesterday

Review Positive sentiment continues to stubbornly control the equity markets despite several negative factors yes-terday. A significant worsening of the Eurozone peripheral debt crisis in the aftermath of Moody’s downgrade of Portuguese debt, a worse than expected US ISM Non-Manufacturing and a Chinese interest rate hike failed to shake off the control the bulls have [...] [...]

EURUSD rallied almost 3 handles yesterday

Review Global equities rose yesterday as better than expected economic data from China and a reassurance from Ben Bernanke that the Fed is prepared to respond to a faltering recovery with more stimulus boosted risk appetite. The E-mini S&P made new session highs following Bernanke’s comments eventually finding resistance at our second target of 1226.50 [...] [...]

The EURUSD fell heavily again yesterday

Review Global stock markets continued their aggressive risk-off decline yesterday as fears that Italy may catch the debt contagion put equities under extreme selling pressure. Bond markets turned their attention to the Eurozone’s third largest economy as the Italian 10-year yield spread over the German Bund blew out to a euro era high of 305bps. [...] [...]