http://blog.currenciesdirect.net Foreign exchange and currency rates blog Wed, 08 Feb 2012 13:12:05 +0000 http://backend.userland.com/rss092 en The market thinks the Greek government are finally close to a deal with private and official sectors judging by the late afternoon surge in the Euro yesterday. The Euro-Dollar pushed back above 1.32 driving Sterling –Euro back through 1.20 and cable above 1.59. Whether this turns out to be the ... http://blog.currenciesdirect.net/index.php/2012/02/08/deal-or-no-deal-2/ Greece remains in the spotlight as it dithers towards approving austerity measures required for the Troika’s consent of further bailout funds. The risks are high with a possible disorderly default and Eurozone exit on the cards if a deal cannot be reached. As this story seems to dominate headlines market ... http://blog.currenciesdirect.net/index.php/2012/02/07/all-eyes-on-greece/ The markets are on tenterhooks today as we wait for an announcement from Athens over the Greek debt deal. The talks which are being led by the IMF, ECB and Greek authorities  has yet to conclude as the parties try to find common ground. From the investor’s point of view ... http://blog.currenciesdirect.net/index.php/2012/02/06/greek-announcement-expected-today/ Keep your hard hats on, the crazy levels of volatility across the FX markets will continue today as we look forward to the US employment number this afternoon. It will be nice to get back to economic data driving moves in currencies, given trading has been totally dominated by central ... http://blog.currenciesdirect.net/index.php/2012/02/03/volatility-to-continue/ The Bulls re-entered the ring yesterday as the markets took a more optimistic view on global growth, in addition concerns on the Euro zone debt crisis eased. The move into risk was prompted by a series of positive manufacturing reports from around the globe, in particular China’s PMI data remained ... http://blog.currenciesdirect.net/index.php/2012/02/02/the-bulls-are-back-in-the-mix/ Wednesday trading began where it finished on Tuesday with the Euro still tittering on a knife edge while Euro leaders wait for an agreement to be reached over the Greek debt deal. Discussions have been taking places for weeks now with Greek Finance ministers trying to arrange a significant cut ... http://blog.currenciesdirect.net/index.php/2012/02/01/still-no-greek-debt-agreement/ Europe took a major step towards greater fiscal integration overnight, as all EU members except the UK and Czech Republic agreed to measures to reduce budget deficits and allow greater oversight by the European commission. The pact should be in place by March with the ratification and implementation to follow ... http://blog.currenciesdirect.net/index.php/2012/01/31/europe-moves-towards-fiscal-union/ The Federal Reserve minutes from the meeting earlier this month were released yesterday evening and after several months of treading water the Fed decided to change its wording on interest rates. The Fed now plans to keep rates at extraordinary low levels until the end of 2014, which is a ... http://blog.currenciesdirect.net/index.php/2012/01/26/fed-minutes-cause-whiplash-in-eurusd/ The Euro enjoyed its first strong day of 2012 yesterday with signs that some confidence could be returning to the single currency. One of the main topics of discussion at the moment is the ongoing Greek debt deal. Negotiations had taken a turn for the worse over the weekend after ... http://blog.currenciesdirect.net/index.php/2012/01/24/euro-gains-but-for-how-long/ After several weeks on the sidelines, Sterling should be back on the mind of the market with two important announcements over the coming days. The first is UK GDP which is expected to show the return of negative growth, with the consensus estimate of 0.1%. The second, which will be ... http://blog.currenciesdirect.net/index.php/2012/01/23/sterling-back-in-the-spotlight/