It’s been a very subdued start to the week due to UK and US public holidays; but the lack of movement in currency markets is perhaps surprising considering it’s been another weekend dogged by credit downgrades to Spain’s AAA status by Fitch, and indeed new worries about France’s resilience to dreaded ratings agency downgrades. With the underlying discontent in Europe still showing no credible…

The relationship between the USD and good or bad US data tends to shift and change depending on the global backdrop; in simpler times before the financial crisis one only had to keep their finger on the trigger and expect that strong numbers implied stronger currency. For much of 2009, that relationship was flipped on its head; with good US data fuelling risk appetite trades and consequently a…

With no new info coming out this morning, FX markets remain calm and prices in range. After yesterday’s rollercoaster day in equities, driven by strong US data, Asian markets are all in the green giving risky assets a boost. The major problem facing markets will continue to be the lack of liquidity, which especially on the downside, manifests itself rather severely. From the EU, more disagreement…

An eerie calm has spread over the financial markets today as all eyes are fixed on global equity markets. Asia & Europe’s regional indexes have a slightly positive inclination but the buying feels more like bargain hunting rather than an actually change in sentiment. The current bout of risk reduction has and will continue to punish asset pairs most heavily associated with the changes in…

Risky assets continue to come under heavy selling pressure. During today’s Asian Session, the pressure was bought on largely by the EURUSD sinking down to 1.2234, from Friday’s 1.2672. While no single news event triggered the selloff in risky assets, the increased tension between North and South Korea sure didn’t help investor confidence. Asian stock indices are considerably lower with the Hang…