A few more comments hit the wires

Source: www.forexlive.com

More from Fed’s Fisher, says global economy still has “an awful lot of slack” and that the US Banking system has been pulled back from the brink of systemic risk. US Treasury’s Geithner has seen encouraging signs in credit conditions in recent weeks. EU’s Almunia says that EU Finmins think next quarters will show a gradual improvement in the economic situation Eur/Usd has regained its footing above 1.4000 as London dealers head for the exits. Just a warning that here in London we are expecting a tube strike tomorrow. This won’t affect this correspondent who has to travel 15 yards to work, but many trading desks in the City will be short-staffed. This may lead to choppier trading conditions.


Read more...

  • What's Wrong with this Picture of the Forex Market?

    Can anyone remember the last time this occurred with such a calm market reaction, even allowing for a partial holiday? Initial theories seem to be that risk is back on and global recovery is in full swing, which are plausible, albeit remotely at this early stage. However as yesterday’s Cable...

  • CFTC Sees Uptick In Complaints Of Rolling Spot Contract Fraud

    In that instance, the CFTC sought to go after a defendant for retail forex fraud. The court ruled against the CFTC, however, saying the contracts being ... See all stories on this...

  • EURUSD stays in a trading range between 1.3653 and 1.3914

    EURUSD stays in a trading range between 1.3653 and 1.3914. As long as 1.3653 support holds, the price action in the range is treated as...

  • Better demand for Long Bond this time around

    The 30-year bond was in much better demand this time around than it was a month ago. The bid to cover was 2.68 and the yield was 4.72%. Indirect bids were high, taking nearly half the auction, so higher rates must be attracting fresh investment. Risk assumption is alive and well, sending the dollar...

  • European Morning Wrap Up

    Swiss May unemployment 3.4%, better than median forecast of 3.5% Euro zone sentix index rises to -27.o in June vs -34.3 in May, better than median forecast of -31.0. 9-month high. Junior Environment Minister Jane Kennedy resigns from UK government German crude steel output rose 5% m/m in May,...