Yesterday's CPI YoY out at -1.3% vs. -0.9% expected. Biggest decline since 1950. This is confirming our deflationary/disinflationary scenario. Bad for corporate margins. S&P500 briefly traded below the 200 DMA (today at 904.50), but closed above. CDSs on most Financials

Yesterday, the dollar lost ground against most majors despite a poor global stock market performance. Markets apparently question the possibility of an early US rate hike and this is weighing on the US currency. Sterling fell prey to some profit

Is the US manufacturing survey going to show a rebound in June? Data from Empire disappointed, rendering today's Philadelphia Fed all the more interesting. The weekly jobless data remain interesting as markets try to estimate the speed of improvement of

After a strong run earlier in NY that pushed the Euro to a weekly high of 1.3985, the Euro leveled off in Asian trading and stayed calm between 1.3932 and 1.3974. Many traders attributed the EUR/USD trading in a 42

Overall, the major pairs had a relative calm Asian session. The major currencies re-tested the swing areas touched throughout the last U.S. session, but the market’s implied momentum was too small for any important price point to fail. Ahead, the

U.S. Dollar Trading (USD) was unable to gain on the increase in risk aversion as multiple factors weighed. Oil jumped as US inventories dropped by 3.9M. US Current Account continued to worsen -101B vs. -85B forecast. US CPI jumped up

In currencies, USD majors traded predominantly rangebound after a late-session selloff in the US sank the greenback. In European majors, EUR/USD appears to be challenged by intraday resistance turned support around 1.3930, GBP/USD retraced the US session rally to 1.6340s,

The euro continued to rise against the dollar and yen in Asia Thursday as the region's investors became more optimistic toward the European economy after recent data, and more risk tolerant on higher crude oil prices.

Bank of England governor King shared his thoughts on the UK economy yesterday in his Mansion House speech, and said that the recovery could be protracted. UK economic data has shown a tendency to surprise to the upside in Q2,

World Bank lifted its forecasts for growth in Chinese economy after the considerable support obtained form the 4 trillion yuan stimulus plan announced by the Chinese government in November, therefore policy makers in China call for more patience before taking

The interest rate decision from Switzerland is out of the way, the SNB remained on hold at 0.25%. We now have U.K. Retail Sales numbers at 04:30 EDT to absorb, they are looking to drop from 0.9% to 0.4%, we

Sterling stole the limelight this morning, being pummelled by worse than expected economic data. The CHF has rallied on comments from the SNB that it does not have a specific intervention level for the CHF. The AUD attempted to push

The recession in the UK continues to ravage the economy, as it led the government to borrow the largest amount since 1993; as a way to restore growth in the nation at a time where there are falling tax receipts

With the EURCHF heading towards the 1.5000 level, perhaps the main event in European session will be the SNB's announcement. There is little room for a surprise rate change of 3-mth Libor target, so speculation revolves around if the SNB

The USD was stable in the Asian session, on light volumes. The EURUSD and USDJPY traded in relatively tight ranges of 1.3920-1.3970 and 95.60-96.00, respectively, despite the fact that general risk appetite continues to struggle. Mounting negative news has yet

In Currencies: The session was initially deemed to find any fresh impetus to spur any directional bias but that quickly changed following comments from the Swiss National Bank (SNB) and the UK retail sales data. Swiis central bank chief Roth

Obama's plans for a regulatory overhaul were met with very mixed reviews, but the market reaction seemed unambiguously positive yesterday, as equities rose sharply off session lows (which were also new lows since late May) and the usual suspects in

The greenback fell against the euro before a U.S. report that may show the Philadelphia region's manufacturing shrank for a ninth straight month, leading investors to believe that the Federal Reserve will keep interest rates low. The euro gained versus

Overall, the major currencies appeared able to break above the highs set on Wednesday during the European session (and actually managed to hold for a while), but the upside move was halted after the Swiss National Bank issued a downbeat

The last few days have been a wild ride for the dollar and other major currencies, with EUR/USD making another attempt towards 1.40 and GBP/USD failing to break above 1.64, amid worse than expected retail sales earlier today. The investors