French and Italian industrial production
Rising Dollar
March 10, 2015
Dollar appreciation continued relentlessly overnight. EUR/USD touched a new low for the move of $1.0735 on concerns that Greece may not comply with conditions, without which liquidity aid from the ECB would be stopped. The immediate focus is upon whether eurozone examiners would be allowed back in Athens tomorrow to see Greece’s financial books. Chinese […] More
Return to Risk-Off Market Psychology
July 10, 2014
European equities and bond prices were sold off pretty hard. The yen has firmed. Gold spiked higher, and oil continues to slide. The catalyst for this fresh wave of risk aversion was the failure of the parent company of Portugals Espirito Santo Financial to make a debt payment, but there are other causes, one being […] More
