Japanese Yen: Holds 110 as flows remain contained Euro: Reverses overnight gains as Construction data shows sever contraction British Pound: BOE vote holds no hawkish surprises CBI helps drive cable lower US Dollar: Equities and lower gold help Euro Gives Up Gains as US Equity Futures Bid -1.48 or 1.46 Next? After touching 1.4800 in early Asian trade EURUSD gave up nearly all of it's... [read more]

The once resilient Euro zone economy is slowly succumbing to the downward pressures of a strong euro, a slowing global economy and tight credit conditions. Looking ahead, I expect the EUR/USD to fall further and test 1.40 dollars per euro.   EUR/USD Could Test 1.40 in 3 months The euro has been very weak over the past month and I expect this down trend to continue going forward. To some... [read more]

  The greenback experienced a trading session of mixed results yesterday. Soon after the trading day began, the USD reached a 6 month record against the EUR as the pair fell to a rate of 1.4630. However, it was a straight or shall we say “strait” downfall for the USD ever since, as the cross rose to breach the 1.4800 level. The USD made its record high against the EUR as a result of a much better... [read more]