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Greek Prime Minister George Papandreou claims "unprincipled speculators" have threatened to bring about a new global financial crisis by attacking Greek debt. At its recent sale of 10-year bonds Greece paid a 3.0% premium over Germany to borrow for a decade.

The GBP/USD appears directionless as its main drivers of price action have continued to lose influence. Risk trends hold the strongest relationship with a 33% correlation, but recent divergence has seen the level of explanation slide from 41% a month ago. The support that risky assets have generated hasn’t translated into sterling gains as the prospect of more quantitative easing from the BoE continues to weigh. U.K. interest rate expectations have seen their correlation fade from 14% to 1% in the past month as the central bank has trailed its counterparts in bringing an end to liquidity providing efforts. Therefore, we could see a continuation of the current trend until the release of the BoE minutes next week which will provide insight into future monetary policy.     

FOREX-Yen rises broadly; Europe's debt woes hurt euro
Reuters
... Greece is not great, there are sufficient worries in the market concerning EMU to keep the euro 'on the back foot'," said FOREX.com analysts in a note. ...

Two new reports show that the job market continues to make small gains, though employers will have to do a lot more hiring before a dent is made in the nation's 9.7% unemployment rate.

The precious metals markets traded up last week, while treasury prices eased on reduced safe haven...

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The precious metals markets traded up last week, while treasury prices eased on reduced safe haven demand. Commodities continue to benefit during “risk off’ trading sessions and US Dollar weakness. Although the metals ended the week higher, it’s somewhat concerning they failed to make larger moves upward after the new austerity measures were announced in Greece. In other global news, a planned strike by employees of Gold Fields Ltd. (South Africa’s largest gold mine) was called off as issues

FXstreet.com (London) - CAD ceded some of its gains against the Greenback in the afternoon trading...

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The US Dollar traded slight mixed last week. There were numerous FOMC Speakers who each echoed the...

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The US Dollar traded slight mixed last week. There were numerous FOMC Speakers who each echoed the “Low Interest Rate Pledge” by Bernanke during his testimony to congress. Boston Fed President Eric Rosengran commented a low interest rate policy is appropriate right now, but also stressed the importance of monetary and supervisory policy being implemented together to help prevent asset bubbles from forming. St. Louis Fed President James Bullard commented although recent economic data in the

(Reuters) - British bank Barclays Plc (BARC.L) is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter. According to the report, the b...

The commodity currencies were also able to rebound from earlier weakness Tuesday, with the Canadian, Australian and New Zealand dollars all higher against the greenback in afternoon trading. Sterling was the worst performer among major currencies for the second day, dropping to a one-week low aga...

FXstreet.com (Barcelona) - Gold traded very quiet overnight in Asia, ranging in a tight range...

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FXstreet.com (London) - API inventory stats are due to be released in the next hour. In the run up...

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The UK's trade deficit with the rest of the world reached its widest since August 2008 in January as exports dropped sharply, hitting hopes that the weak pound can deliver an export-driven recovery

RTT News
WORLD FOREX: Dollar Surrenders Some Gains To Euro, UK Pound
Wall Street Journal
TORONTO (Dow Jones)--The dollar is higher against the euro and the UK pound Tuesday but has ceded some of its gains as ...
Forex: Several Indicators That Will Move CurrenciesInvestorGuide
Dollar Rises After Forex Traders Flock to Safer AssetsInside Futures
Stocks, Commodities, Forex Overview: Must Watch Forces and Events, March 8-12 ...Seeking Alpha (blog)
Forex Hound -ForexTV.com
all 94 news articles »

Forex: Aussie 6-week highs, trading 0.9136
Forexrazor
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work ...
Forex: Aussie 6-week highs, trading 0.9136NASDAQ

all 142 news articles »

The labor market in Australia is expected to improve for the sixth consecutive month in February, with economists forecasting employment to expand 15.0K in February, and the data could drive the exchange rate higher as market participants speculate the Reserve Bank of Australia to normalize policy further over the coming months.

The pair continues to hold on to most its nearer term gains though seen backing off its intra day high at 0.9131 on Monday. We believe that while it trades above its Feb 23'10 high at 0.9070 and the 0.8932 level, its Feb 02'10 high, a retarget of the 0.9131 level is likely with a hold above there accelerating further upside towards the 0.9145 level, its Jan 21'10 high or even higher towards the 0.9277 level, its Jan 18'10 high and ultimately, its 2009 high located at 0.9410. Its daily and weekly...

Typically I’m not very big on watching economic data for NZD JPY or CHF. It’s not that the data doesn’t matter, because it does, it just doesn’t have a strong immediate impact. Tomorrow is different however, as there is a chance that we could get a change of direction out of the New Zealand central...

This was a busy week. A lot of data came in with conflicting indications. In addition to the raw data I get (from the same sources as everyone else), I review reports from other economists and commentators as well. Some of them I know I will always disagree with, others I highly respect. While I...