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FOREX: Euro May Not Rise On Greek Accord, Pound Braces For More QE

Mon, 11 Jun 2012 04:57:00 EDT

By Ilya Spivak, Currency Strategist

Talking Points Overnight Price Action Hints Traders Bet Greek Bailout Deal to be Reached Euro May Struggle to Find Support if ECB Dithers on Boosting Bank Defenses British Pound Threatened with Bank of England Likely to Expand QE Efforts ...

Sufficient for a Bounce

Wed, 16 May 2012 15:00:00 EDT

How to Bet Against the Euro

Wed, 16 May 2012 14:00:14 EDT

USD Index At Critical Juncture, JPY Correction Comes To An End

Wed, 16 May 2012 12:15:00 EDT

By David Song, Currency Analyst

Index ...

Why and How Greece Must Exit the Euro

Wed, 16 May 2012 11:54:52 EDT

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.

NEW YORK (TheStreet) -- Austerity is imposing intolerable unemployment and political chaos in Greece and won't permit it to repay its debts. Athens must abandon the euro and reintroduce the drachma.

After the euro was adopted in 1999, productivity growth was slower and prices rose faster in Southern Europe than in Germany and other northern states. The more competitive north enjoyed growing trade surpluses while the Mediterranean states ran deficits. ...

EURUSD Falls Sharply After ECB Cuts Funding To Some Greek Banks

Wed, 16 May 2012 11:36:00 EDT

By Christopher Vecchio, Currency Analyst

The Euro was rebounding steadily once European trading opened this morning but with tensions high, the market has been primed to move quickly. Indeed, the uncertain investment horizon has allowed “headline trading” to sink back in, an atmosphere reminiscent of October and November 2011. This results in immense volatility. One of these events occurred this morning: the European Central Bank announced it would cease monetary operations with several Greek banks. ...

U.S. Industrial Production Rises In April By Most Since December 2010

Wed, 16 May 2012 09:47:00 EDT

By Tzu-Wen Chen,

THE TAKEAWAY: [U.S. Industrial production rose more than expected in April and by most since December 2010] > [Manufacturing boosted by auto and utility use] > [USDJPY weakens] ...

Sterling To Consolidate Further On Dovish BoE, Euro Correction On Tap

Wed, 16 May 2012 09:35:00 EDT

By David Song, Currency Analyst

Talking Points British Pound: BoE Curbs Growth, Inflation Forecast – 1.5800 In Sight Euro: Eyes 23.6% Fib For Support, IMF Strikes Cautious Tone For Italy ...

U.S. Home Starts Jump In April, While Building Permits Dip

Wed, 16 May 2012 09:14:00 EDT

By Tzu-Wen Chen,

THE TAKEAWAY: [U.S. housing starts stronger in April while building permits dipped] > [U.S. housing market stabilizing, boosting construction work] > [ USDJPY mixed ] ...

BoE Cites Increased Risk Of Disorderly Euro Outcome As Greatest Threat To UK

Wed, 16 May 2012 05:52:00 EDT

By David Schutz,

The Bank of England’s monthly inflation report released today said inflation is expected to fall down below the bank’s target of 2% over the next two years. However, the report added that inflation risks have recently risen over the short term as political instability in Europe threatens the single currency’s future. ...

Pound Eyes BOE Minutes, Dollar Looks To Fed Minutes To Drive Rally

Wed, 16 May 2012 04:23:00 EDT

By Ilya Spivak, Currency Strategist

Talking Points US Dollar, Japanese Yen Outperform as New Greek Elections Spark Risk Aversion British Pound Looks Past Jobless Claims Data, Focusing on BOE Inflation Report Slower Eurozone CPI May Compound Euro Selling on ECB Easing Expectations FOMC Meeting Minutes May Dent QE3 Expectations, Adding Fuel to Dollar Rally ...

Sterling Spikes As UK Unemployment Rate Surprisingly Drops In Q1

Wed, 16 May 2012 04:22:00 EDT

By Benjamin Spier,

THE TAKEAWAY: UK unemployment rate drops to 8.2%, compared to expected 8.4% -> Higher jobs rate supports BoE stimulus decision -> Sterling shows mixed results ...

Dollar Wins Its Highest Close Since January 2011, Buckle Up

Tue, 15 May 2012 23:12:00 EDT

By John Kicklighter, Sr. Currency Strategist Dollar Wins its Highest Close Since January 2011, Buckle Up Euro: GDP Readings Beat Forecasts, Outlook Still Painful British Pound Looks for a Return to Volatility on BoE Report Japanese Yen Assess the Potential Impact for 1Q GDP Australian Dollar Rallies Against All but the Greenback New Zealand Takes a Hit Across the Board Gold: Do or Die Time at Serious Support

Dollar Wins its Highest Close Since January 2011, Buckle Up ...

GBPUSD: Trading The Bank Of England Inflation Report

Tue, 15 May 2012 16:50:00 EDT

By David Song, Currency Analyst

Trading the News: Bank of England Inflation Report ...

Analyst Interview: John Kicklighter Discusses Greece, The SNB And The Loonie

Tue, 15 May 2012 16:44:00 EDT

By John Kicklighter, Sr. Currency Strategist

There is a growing talk of Greece’s imminent exit from the euro-zone. How will this impact the euro in the short- and longer-term? Will central banks work to stabilize the situation? ...