Posts Tagged ‘ Eurozone ’

Forex Volatility to Remain High

With the onset of the Eurozone sovereign debt crisis this year, volatility levels in forex (as well as in other financial markets), surged to levels not seen since the height of the credit crisis. While volatility has subsided slightly over the last few months, it still remains above its average for the year, and significantly [ READ MORE ]

Emerging Markets Continue to Shine

After a slight respite following the culmination of the Eurozone debt crisis, emerging markets financial markets are back to the their former selves, with stocks, bonds, and currencies all performing well. The rally is being driven by two principal factors. First, investors came to the gradual realization that the trend towards [ READ MORE ]

Strong IFO Fuels Euro Rally

The German IFO index surged to 106.2 versus 101.5 eyed lifting the euro from its session lows as the key survey of business sentiment confirmed that economic conditions in Eurozone’s largest economy are improving markedly. This was the largest one month jump since German reunification and according to President of IFO Hans-Werner Sinn capacity [ READ MORE ]

Surprisingly Strong EZ Growth Lifts Euro Off Session Lows

Both German and French PMI flash readings for the month of July printed stronger than expected with German data in particular beating forecasts by a wide margin, indicating that economic activity in Eurozone’s two largest economies remains robust despite concerns over sovereign debt issues plaguing the region. [ READ MORE ]

Cautious Bid For Risk FX in Aftermath of Stress Tests

Risk currencies were mildly higher in the aftermath of Friday’s results from Eurozone stress tests which revealed no major negative surprises to the market. With only 7 out of 91 banks failing the test, currency markets reacted with cautious optimism to the report rallying the EUR/USD above the 1.2950 level in early morning trade. Although [ READ MORE ]

EZ Trade Deficit Masks Good News

Eurozone posted larger than expected Trade Balance deficit in May as imports rose more than exports. EZ deficit for May printed at -3.0 Billion versus 0.8 Billion eyed. The EZ surplus in April was revised downward to 0.3 Billion from the initial figure of 1.8 Billion. [ READ MORE ]

EUR/USD Extends Rally with Slowdown of U.S. Economic Growth

EUR/USD advanced for the third day on today’s Forex session after Spain auctioned its debt, easing concern for the nation’s fiscal system and for Eurozone economy, while news from the U.S. remain bad. True that the U.S. economy continues to expand, but with the constantly slowing pace how long can it… [ READ MORE ]

Markets Confused about Canadian Dollar

On a trade-weighted basis, the Canadian Dollar (aka Loonie) has appreciated nearly 10% in 2010. At the same time, it has fallen 8% against the Dollar since the beginning of May. This contradiction is reflected in an explosion in volatility: “CAD has been very volatile – the average intraday spread between the high and low [ READ MORE ]

Emerging Markets Rally, Despite Eurozone Debt Crisis

It looks like emerging market investors took my last post (“Investors” Shouldn’t Worry about the Euro) to heart, since emerging markets (EM) have continued to rally in spite of the Euro’s woes. To be sure, EM stocks, bonds, and currencies all dipped slightly in May when the crisis reached fever pitch, but they have since [ READ MORE ]

EZ PMI Shows A Slight Slowdown in Activity

Eurozone PMI surveys produced a mixed picture with manufacturing data slightly beating market expectations while the services report disappointed registering the first decline in four months. Manufacturing PMI printed at 55.6 versus expectations of 55.4 dropping slightly from 55.8 the month prior. German PMI held steady at 54.6 but French manufacturing dipped to 54.9 from [ READ MORE ]

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