The Greek financial tragedy continues, with Eurozone peripheral debt spreads widening and putting pressure on the Euro even as U.S. fundamental data disappointed. Risk aversion wasn’t helped with U.S. consumer credit warnings from JP Morgan and Citigroup in their earnings reports, and falling commodities prices, particularly gold and crude oil, dampened commodities exporters. The Australian [...]

Read More

Another dramatic week in the forex trading market, with rhetoric from multiple central bankers forcing traders to reconsider expectations of rate cuts in the U.S. and Eurozone. Broad-based strengthening of the U.S. dollar lowered some commodities prices, including crude oil, further helped by a promise from Saudi Arabia to increase production within the month to [...]

Read More