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COMMENTARY

• FX: Safe Havens Back in Vogue and Italian Bloodbath
  Written by Kathy Lien
  Last updated 11/9/2011 5:12:29 PM ET
  With U.S. equities falling more than 3 percent and high yielding currencies selling off across the board, safe havens such as the U.S. dollar and the Japanese Yen
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• GBP/CHF to Test Resistance at 1.4507?
  Written by Bradley Gareiss
  Last updated 11/9/2011 3:31:30 PM ET
  A bearish Gartley pattern is forming on the GBP/CHF.
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• FX: Safe Haven Currencies Soar, Eyeing 1.35 in EUR
  Written by Kathy Lien
  Last updated 11/9/2011 9:29:25 AM ET
  Financial markets are a mess this morning with currencies and equities trading sharply lower. The FTSE and DAX are down more than 2 percent and this could be one of those days where the Dow also falls 300 points, driving
  3 comments
• Euro Falls as Italian Bonds Hit 7 Percent
  Written by Boris Schlossberg
  Last updated 11/9/2011 5:48:27 AM ET
  Italian credit market woes continued to weigh on the EUR/USD in early European trade as price on the benchmark 10 year BTP dropped below 86 and yields rose above the 7.0% level after LCH Clearnet raised margins on the instrument. The spread between the Italian and Germans bonds has widened to a euro era high once again prompting action from the clearing house. The news caused a stampede of selling in the BTPs and with ECB initially absent from the market, support was nowhere to be seen triggering a sloppy selloff at the start of European trade.
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• Chinese Data Shows No Threat of Hard Landing
  Written by Boris Schlossberg
  Last updated 11/9/2011 3:45:00 AM ET
  Chinese data printed slightly lower to roughly in line suggesting that the country’s economy is beginning to slow but not at an alarming rate. Chinese inflation moderated significantly printing at 5.5% from 6.1% the month prior. Industrial Production was also lower at 13.2% vs. 13.3% eyed while Retail Sales dropped to 17.2% from 17.7% the month prior.
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• Trading Psychology- Recency Bias
  Written by Bradley Gareiss
  Last updated 11/8/2011 9:30:25 PM ET
  What is recency bias, and how can it negatively impact your trading results?
  1 comment
• EUR: Cheering Berlusconi Resignation
  Written by Kathy Lien
  Last updated 11/8/2011 5:08:20 PM ET
  Backed into a corner after losing Parliamentary majority in today’s key vote, Italian Prime Minister Berlusconi has offered to resign after the Parliament passes
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• EUR and Italian Yields After Berlusconi Vote
  Written by Kathy Lien
  Last updated 11/8/2011 10:50:08 AM ET
  The votes are in and Berlusconi's party won but lost Parliamentary majority which leaves the Italian Prime Minister
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• FX: Waiting on 3 Announcements, Keep an Eye on USD/JPY
  Written by Kathy Lien
  Last updated 11/8/2011 9:21:25 AM ET
  European currencies are trading higher this morning against the greenback but the comm dollars have weakened as investors sit at the edge of their seats waiting for the latest headlines out of Europe. In just a few hours, if not
  1 comment
• Euro Consolidates as SNB Continues to Push For Weaker Franc
  Written by Boris Schlossberg
  Last updated 11/8/2011 5:16:00 AM ET
  Risk appetite improved in early European session dealing today with high beta currencies rising modestly at the start of the day as all eyes remained on Italy where Prime Minister Silvio Berlusconi faces his stiffest political challenge yet ahead of a key Parliamentary vote on the budget. Although this is not a formal no-confidence vote, a failure to pass the legislation could put enormous pressure on Mr. Berlusconi as his support will have greatly eroded.
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• CHF Crosses Continue to Press Higher
  Written by Boris Schlossberg
  Last updated 11/8/2011 3:19:47 AM ET
  For the second night in a row CHF crosses are inching higher on speculation that the Swiss National Bank will raise its floor on the EUR/CHF after yesterdays weak CPI data triggered alarms that the country is sinking into a deflation. Yesterday’s Swiss CPI printed at -0.1% versus 0.2% as the strong franc in continues to exert downward pressure in prices. Today, the SECO consumer climate report printed at -24 versus -17 the month prior, the lowest level since Q3 of 2009.
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• Following the Plan
  Written by Bradley Gareiss
  Last updated 11/7/2011 7:59:56 PM ET
  Creating a trading plan is one thing; following it is another.
  1 comment
• EUR: What is the Magic Number for Italy?
  Written by Kathy Lien
  Last updated 11/7/2011 5:23:57 PM ET
  Tomorrow could be D-Day for Berlusconi. The Parliament will be holding a vote on state financing that could be followed by a confidence vote on the nation’s austerity measures.
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• EUR/USD: Prime for a Breakout, Italy’s Parliamentary Vote Could be the Catalyst
  Written by Kathy Lien
  Last updated 11/7/2011 10:33:42 AM ET
  The price action in the foreign exchange market today is a good example of what is in store for the rest of the week. With no major U.S. economic reports on the calendar, headlines out of Europe has and will continue to be the number one driv
  1 comment
• Euro Back Under Pressure as Week Starts
  Written by Boris Schlossberg
  Last updated 11/7/2011 5:20:12 AM ET
  It was a choppy start to the week’s trade today as EUR/USD came under some early morning selling pressure after Italian government bond spreads reached their widest level since the beginning of the euro era. The yield on 10 year Italian BTP bonds increased above the key 6.50% level, last trading at 6.54% as markets now focus on the political turmoil in Italy.
  1 comment