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Canada’s dollar fell the most in a week against its U.S. counterpart as global stocks and crude oil dropped amid concern Europe’s sovereign-debt crisis may worsen. The currency declined for the first time in three days before Bank of Canada policy makers meet tomorrow on interest rates. The U.S....

The EURUSD corrected higher in early NY trade and tested key borderline resistance on the hourly and 5 minute charts. Resistance held and the price has rotated back lower. Will the lows be taken out? Or are we in for some further consolidation today. The technical levels will tell the story. ...

The EURO nosedived on Tuesday from a three-week record versus the USD hit yesterday as rekindled worries about the European banking sector prompted investors to reduce risks. The euro declined 0.6 percent on the day to $1.2797 following triggering stop-loss orders in the $1.2850-60 area, as a Wal...

Gold surged higher today and approaches the $1265 high versus the US dollar. The price surge can be attributed to a move out of risk as Euro banking concerns return to the newspaper (WSJ article) and slower German growth also brings into question the global growth story. Support at $1254 and ...

The Swiss franc strengthened versus the euro as falling stocks and concern the global economic recovery may weaken stoked demand for the currency as a haven. The franc gained against all but one of its 16 most-traded peers as the Swiss jobless rate remained unchanged in August at 3.8 percent afte...

The Euro tested resistance levels above 1.29 against the dollar in early Europe on Monday with some follow-through buying following the gains at the end of last week. The Euro was unable to make further headway during the session and edged lower during the day with trading activity inevitably sub...

The Euro came to abundant amount of pressure as critics emphasized on the inefficiencies of the European Bank stress tests. First and foremost, some banks tended to exclude riskier bonds from their respected test and reduced some of the sums of their holdings by accounting for short positions that...

Euro bulls got smacked down today as the Deutsche Bundesbank announced that German Factory Orders contracted by 2.2% -- instead of the modest 0.6% expansion analysts were anticipating. This is bad news for the EUR/USD as Germany is the economic and manufacturing engine of the Eurozone. The questi...

A bit of nostalgia on the PIGS sovereign debt issue as Portuguese debt spreads vs. Germany widen to a new record. Has the market dropped the ball on this issue? Also, USDJPY trading at new 15-year low as summer is officially over.

The Japanese yen is the day’s top performer, and has hit a fresh 15-year high against the USD in the midst of rising risk aversion, and the Bank of Japan leaving monetary policy unchanged. ...

Growing pressure on the Federal Reserve to print more money to bolster the U.S. economy will likely boost the yen and franc just as the Japanese and Swiss governments seek weaker currencies, if history is a guide. Those currencies appreciated the most on a relative basis after Fed efforts betwee...

Currencies have come back under pressure in Tuesday trade, with the Euro leading the declines on the back of news that some of the European banks may have under-reported on their exposures to sovereign debt and then accelerating on the shockingly bad German factory orders.

Risk aversion is back on Tuesday, courtesy of two articles in the Wall Street Journal suggesting that European financial institutions may not be as healthy as originally thought. ...

Japan’s and Australia’s central banks signaled that the outlook for U.S. growth is deteriorating, making it tougher for them to set monetary policy. The Reserve Bank of Australia extended a pause in raising interest rates “for the time being” today, even after the nation’s gross domestic product...

USDJPY: Attempting To Recapture The 83.58 Level. USDJPY: Having weakened on Monday and followed through lower in early trading today, risk of further weakness is likely to target its YTD low at 83.58.

A fresh report shows that many big European banks were very “creative” when it came to estimating the size of the sovereign debt that they held. This already sent the Euro way down. Will this turn into an avalanche? Is the debt crisis returning through the front door?

TOKYO, Sept 7 (Reuters) - Japanese Prime Minister Naoto Kan has a slight lead over rival Ichiro Ozawa in a ruling party leadership race that has markets on tenterhooks, but his victory will be by a small margin, a key aide to Kan said on Tuesday. The winner of the Sept. 14 Democratic Party of Jap...

ForexLive European Wrap: Risk off. Euro hit hard By Gerry Davies || September 7, 2010 at 10:32 GMT || 0 comments || Add comment Stress tests missed debt at EU lenders – WSJ Australian PM Gillard says Labor prepared for stable govt as Abott concedes defeat BOJ Gov Shirakawa: Monetary policy...

Renewed fears surrounding the Euro-zone sovereign debt risks and banking sector following media reports that a substantial amount of sovereign debt was excluded from the recent stress tests will continue to undermine the Euro. Underlying sentiment towards the global economy is also liable to remain...

German factory orders unexpectedly fell in July as demand in the euro region weakened, indicating the recovery in Europe’s largest economy is losing momentum. Orders, adjusted for seasonal swings and inflation, declined 2.2 percent from June, when they surged a revised 3.6 percent, the Economy M...