Foreign Exchange Insights and Next Week
Next Week
May 25, 2012
On Monday, U.S. markets are closed for Memorial Day, and selected areas of Europe will observe Whit Monday. Central banks in Israel, Hungary, Turkey and Brazil have scheduled interest rate policy meetings next week, minutes from the Bank of Japan meeting are being released. Manufacturing purchasing manager indices will be released for a slew of […] More
Foreign Exchange Insights and Next Week
Entering the Summer Season of Currency Trading
May 25, 2012
The summer season for currency market participants, which lies between the U.S. Memorial Day and Labor Day weekends, has a wholly different feeling from the winter/spring or autumn trimesters. Because of the comings and goings of vacationing dealers, summer volume tends to be more volatile, depriving the marketplace of the depth, breadth and resiliency found […] More
New Overnight Developments Abroad - Daily Update
Bold Talk from Europe about Averting Grexit
May 25, 2012
It’s amazing that European politicians would retain any credibility with the markets. Nonetheless, the euro and German Dax are firmer following comments from Italian Prime Minister that most EU members support joint euro bonds and that he believes that a way will be found to keep Greece in the EU. There were reports overnight, too, […] More
