Thursday 6th May….It’s all about Greece and the possible spread of their fiscal problems to the economies of Portugal and Spain. The Euro zone desperately needs decisive leadership and so far nobody has ’stepped up’ to the plate. This Greek tragedy has much further to run…follow the Trends but with acute discipline please!
Euro remains under [...]

Wednesday 5th May……It’s all about Greece and their massive fiscal problems and since today possible downgrade of Portugal. Today there is a general strike in Greece as chancellor Merkel tries to win over the German parliament and as the Greek PM tries to push through the severe austerity measures in the Greek parliament. Contagion [...]

Friday 30th April…Euro a little firmer this morning as financial markets take a more positive view of the latest Greek bail-out developments. But just whether or not the ‘talk-talk’ can actual come up with the goods is another matter. But certainly for now markets are taking a breather and we should go into this long [...]

Thursday 29th April …..FX markets continue to be hostage to developments (or not) between Euro zone finance ministers and the IMF. The news is not good with no decision being made and also the cost of the Greek ‘bailout’ looking set to double. German voters are far from happy and chancellor Merkel will have to [...]

The downgrading of Greek and Portuguese debt ratings hit the Euro hard, and helped push the Dollar higher, as investors fled ‘riskier’ currencies and sought the relatively safety of the greenback.  The increased likelihood that Greece will not be able to service their debt is now a growing problem, which will [...]

Monday 26th April….Although off its lows of last Friday the Euro still remains under heavy selling pressure and it is the concern of the Greek debt issue that continues to drive the move. Greece has now asked the EU and IMF to deliver the bail-out money and it remains to be seen just how the [...]

Thursday 22nd April.. Euro remains weak as the outlook is clouded by the result of the talk between Greece and EU/IMF on rescue package. The meeting is expected to be concluded by May 15 with a joint text, which would allow time for Greece to roll over debt maturing next month. Sterling is firm in general [...]

Tuesday 20th April……The follow through on the risk-aversion to the SEC/Goldman’s charges has failed to materialise. The dollar and the Yen are off their highs and stock markets look steadier at current levels. Very difficult FX markets to trade and best watched for a while in our opinion.
Dollar and yen weakened as stocks rebounded [...]