Category Archives: News

In spite of the public protests and violence which erupted yesterday on the streets of Athens, investors appear confident that the Greek Parliamentary vote needed to push through additional austerity measures will pass. That sentiment is helping to boo… Continue reading →

A single day ahead of a legislative vote in the Greek parliament, which if approved will pave the way for the 5th bailout payment from the E.U./IMF special purpose mission, protestors by the thousands are amassing on the streets of Athens, according to… Continue reading →

In Asian trading, the Euro earlier edged higher yet stalled just short of chart resistance as market players take a wait-and-see stance on Greece’s upcoming Parliamentary vote for additional austerity measures. Continue reading →

As investors seek out the safe haven of the Swiss Franc and the U.S. Dollar, the common currency Euro fell in Asian trading today, holding close to a record low versus the Swiss currency. Continue reading →

As has seemingly been the norm, the Euro is poised to move lower against the U.S. Dollar as Greek debt concerns continue to weigh. If analysts’ forecasts are correct and the Euro closes lower today, that will make the third such weekly decline in… Continue reading →

Following the widely expected announcement yesterday that Federal Reserve Bank does not intend to provide any further stimulus to the U.S. economy the U.S. Dollar gained broadly in Asian trading. Continue reading →

The Greek government managed to survive a confidence vote in Parliament, helping send the Euro briefly higher. A round of profit taking afterward brought the common currency back down but it has since rebounded slightly, trading at 1.4415, up 0.1% at 2… Continue reading →

Investors are betting that policymakers in the Eurozone will view the Greek economy as too important to their own survival to allow it to fail, which allowed the Euro cling to hold onto recent small gains in the early Asian trading hours. Continue reading →

With the Eurozone’s finance ministers again postponing any firm decision about a resolution to the Greek fiscal problems the Euro edged lower in Asian trading today. As before, the Greek government was reminded that the E.U./IMF tranche payment i… Continue reading →

The 24-hour rollercoaster ride that the common currency Euro has been on has finally ended as investors cover their short positions. In Asian trading, the Euro slipped 0.5% against the U.S. Dollar to trade at $1.4134, rebounding from the $1.4073 3-week… Continue reading →