Markets gained a temporary sense of optimism as FX risk-correlated trades recover from yesterday’s sell off and equity markets rally in Asia. Yesterday we saw a sharp reversal especially in the EURUSD as leveraged players cut their long positions after the pair lost momentum and seemed to run into

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Concern Over The EUs Bank Stress Test Grows

The EURUSD yesterday started the session strong as speculation mounted on Ben Bernanke’s testimony today. The talk on the street was of a dovish Ben and a downplay on US economic growth. This helped spark a selloff in the USD and the EURUSD traded to 1.3029 making a 2 month

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Markets Brace Themselves Ahead Of Ben Bernanke’s Speech!

We start the morning with Moody’s downgrading Portugal’s rating down to A1 with a stable outlook and washing out some very insignificant longs in the EURUSD taking out 1.2550 and stops below 1.2540 trading us down to a low of 1.2525 on the move. The market however bounces back fairly

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It’s All About Dotting The I’s And Crossing The T’s