The 1.60 figure remained tantalizingly out of reach for euro bulls for yet another day, as many option barriers at that level remained well protected. Having failed to break that level four times over the past few days, the EURUSD

While the main economic releases for the week are behind us, thin liquidity continues to plague the FX markets. The only remaining scheduled event left this week that could deliver a big jolt to the markets is the earnings announcement

The Dollar posted gains on Thursday, as investors felt more confident about the outlook for the troubled financial sector, with US companies' earnings so far generally revealing no major negative surprises. It also got a lift against the Euro earlier

The ensuing volatility in currency markets is underlined by a tumbling yen and a surging dollar, with the euro and sterling taking a backseat to the unfolding action. It is all about risk appetite, which started on a high note

The US dollar has rallied significantly against the Japanese Yen and the Euro as risk appetite returns to the market. Since the beginning of the week, the Dow Jones Industrial Average has increased 600 points, leading many market participants to

During a speech at Drexel's LeBow College of Business, Philadelphia Fed President Charles Plosser suggested that the fed funds rate may be low enough to support expansion as he said, "on the monetary policy front, the Fed's response to the

The Bank of Canada is widely expected to cut rates by 50bps on Tuesday to 3.00 percent, the lowest target rate since October 2005, as inflation pressures subside, credit markets tighten, and a probable recession in the US threatens the

The Canadian dollar was unable to strengthen through parity against the US dollar on Thursday and weakened to lows near 1.0120 before rallying in early Europe on Friday. Volatility levels remained high with the currency retreating again to 1.0085.

The final session of the London week has been the most tepid as indecision appears to have struck the market. Heading into yesterday, there was a clear bias to a higher Euro. The currency was gliding towards $1.60 versus the

Canadian wholesales sales fell 1.8% in February on across the board declines. The sharp drop was magnified as January’s gain of 2.6% was revised lower to 1.8%. Most sectors reported lower sales during the month, with the largest decline (-4.0%)

Canadian wholesalers saw sales slip 1.8% in February, erasing January's strong similar-sized gain. Forecasters expected sales to have risen 0.4%, while RBC looked for a 0.5% contraction. Wholesale sales volumes, which account for price changes, fell by a larger 2%,

In U.S. news, Boston Fed President Rosengren said "For those financial institutions that do have access to the Discount Window, there is indeed a need for the Fed to have broader access to information than marketplace counterparty creditors, if we

The US market sentiment concerning the greenback went from pessimistic to optimistic causing a reverse of the US dollar trend. As Citigroup Inc. reported a $5.11 billion loss, which was worse that estimates, yet revenues were above expectations pulled by

The US dollar rose versus a basket or currencies for the second day after news of Citigroup reported losses that were less than investor's expectations. News of Citigroup's revenue also beat estimates which led some investors to speculate that financial

In currencies, the USD firmed against the Euro and CHF pairs just ahead of the US open aided by a surge in dollar Libor fixing and "better" earnings from Citigroup. The dollar Libor rate has surged by 17bps over the

The US dollar strengthened against most of the major currencies as a number of prominent US firms posted better than expected earnings, with Fed officials adding to the mix as they conveyed their opposition to future rates cuts. As a

The Greenback has slumped about 8.2 percent versus the euro and Japanese yen in 2008 as oil prices rose to an all-time high of $115.54 a barrel compared with $95.98 on Dec. 31. Against the pound, it has dropped 0.2

The current support for the Pound against the US Dollar at 1.9690 pushed the currency couple sharply upwards yesterday. The middle supports downwards are expected at 1.9880 and 1.9770, which is 23.4% correction of the descent 2.1155 - 1.9350. Today's

The GBP/USD broke through the downward trend which existed since March. A resistance could be around 1,99. If the upward move will continue the next target could be the 2,00 even mark.

EUR/USD The currency pair is in an uptrend unfolding from the 1.2484 bottom and probably ahead of a significant reversal on weekly basis. The technical indicators are rising and the trading is situated above the 50-day and the 200-day SMA,