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Only a few days after controversial German proposals to install a budget commissioner in Greece, French President Nicolas Sarkozy and German Chancellor Angela Merkel suggested on Monday that if Greece secures a new bailout, the money it receives should be paid into a special account from which...

The weaker demand picture is keeping a lid on U.S. oil prices, even as geopolitical risk increases.

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"One-time charges" and "investment gains" are two strategies companies can use to distort their numbers.

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Another bank is paying millions to reimburse those $38 cups of coffee. J.P. Morgan Chase, the bank that now holds the most deposits in the country, has reached an agreement to pay $110 million to those who paid heavy fees for the proverbial “cup of coffee” that overdrafted their accounts. The set...

The lenders are fearful of being perceived as bailout recipients that could subject them to potential political or regulatory interference.

Euro speculative shorts have moderated from a record but that changes little regarding the larger trend. In fact, a backtest of this idea reveals a negative equity curve.

The AUD/USD rallied above last week’s 1.0683 range resistance before setting up 1.0750 area as the next range resistance, which was broken to the upside after the better than expected Non-Farm Payroll data from the US. This week, the market fails to sustain the rally, falling back to 1.0683 to test...

Sometimes a crisis can force real reform.

As we have advocated in the last two editions of Weekly Focus, the arguments for buying the dollar have faded going into 2012. Not as a result of Europe’s debt profile becoming more sustainable but as a result of improved global economic data and a more aggressive easing of monetary policy by the major central banks. The Fed’s indirect promise of QE3 should the US economy slow again only confirms our expectation of a structural dollar downtrend. Not least against the commodity currencies but also against the stronger cyclical emerging market currencies. The outlook against the euro is less certain, though.
Kasper Kirkegaard, Senior Analyst, Danske Bank

The Romanian prime minister and his cabinet have resigned after weeks of sometimes violent protests over widespread corruption and austerity measures. Emil Boc said on Monday he was quitting "to release the tension in the country's political and social situation". During his three-year rule, s...

FXstreet.com

Patience with Greece is wearing thin in Europe. On Monday, Chancellor Merkel became just the latest EU leader to demand quick action from Athens. But talks on additional austerity measures there continue to go nowhere despite the looming threat of bankruptcy. Greek politicians, after all, must...