Posts Tagged ‘ credit ’

Risk Aversion Sends Euro, Pound to Test The Lows

Risk aversion dominated overnight trade in the currency market with risk FX continuing to fall through the mid morning European session as geopolitical tensions and further stress in the Eurozone financial sector pushed both euro and pound close to their recent lows. Euro tumbled through the 1.2200 level on fears that weakness in the Spanish [ READ MORE ]

Failed Euro Bailout Would Buoy Yen

Given that only a week has passed since the bailout of Greece was formally unveiled, it’s still too early to determine whether the plan will be success. Regardless of how it ultimately plays out, though, the bailout (not too mention the concomitant crisis) is shaping up to be THE big market mover of 2009. As [ READ MORE ]

Has Euro Found a Base?

Risk FX finally saw a bounce in Asian and early European session today, but lack luster economic data and further selling by aggressive shorts kept a lid on the rally as EUR/USD struggled to break through the 1.2400 level while cable was repelled at 1.4500 by unexpectedly hot UK CPI numbers. Nevertheless, investor’s sentiment [ READ MORE ]

Euro Still Doomed, Despite Bailout

In my last post, I reported that the markets were incredibly bearish on the Euro, due to concerns that the Greek debt crisis could neither be mitigated nor contained. By following up on this report with another incantation of Euro bearishness, I certainly run the risk of belaboring the point. Still, the fact that since [ READ MORE ]

Euro Skyrockets Above 1.3000 – Can It Last?

The euro soared by more than three big figures rising to 1.3085 in mid morning European trade in the wake of massive financial rescue package deal announced over the weekend by the EU finance ministers. The EU agreed to a package totaling near 1 trillion dollars that would guarantee sovereign debt within the Eurozone. [ READ MORE ]

Euro Soars As EU/IMF Create Near $1 Trillion Rescue Deal

EU officials meeting in Brussels over the weekend agreed to a massive rescue package totaling near 1 trillion dollars that would guarantee sovereign debt within the Eurozone. The deal includes an array of measures including $560 billion in new loans, $76 Billion under an existing facility as well as additional credit for the IMF of [ READ MORE ]

Euro Rebounds Off Lows, Hung Parliament Pressures Pound

After one of the most volatile sessions in history in yesterday’s North American trade, risk FX saw a rebound in Asian and early European dealing aided by a massive 2 trillion yen infusion from the Bank of Japan and growing confidence that Germany will approve the bailout package to Greece allaying fears of bankruptcy for [ READ MORE ]

Greek Debt Crisis Widens

I must confess: I never expected the Greek debt crisis to reach such a dire threshold in such a short time period. Over a matter of mere months, the Euro has fallen 15% against the Dollar. That’s the kind of drop that you would have expected from the Greek Drachma, not from the Euro! Moreover, it’s [ READ MORE ]

Euro at New Lows Again – All Eyes on Trichet

Another hugely volatile night in the currency market with EUR/USD and EUR/JPY making fresh yearly lows and tripping a good amount of stops in the process, but as trading progressed into mid European morning risk FX began to stabilize and rebound. The EUR/USD tumbled to low of 1.2737 before London traders even had a chance [ READ MORE ]

No Credit Risk in Forex

The risks in trading forex are manifold. There is interest rate risk (the possibility that interest rates could change adversely), country risk (that a political, economic, or monetary crisis could adversely affect the dynamics of a country’s currency), and obviously there is exchange rate risk (that exchange rates can and often do fluctuate adversely). However, [ READ MORE ]

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