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COMMENTARY

• Risk FX Higher Post RBA as All Eyes in Athens
  Written by Boris Schlossberg
  Last updated 2/7/2012 5:33:36 AM ET
  Risk FX was trading higher in midmorning European trade today, boosted by surprisingly upbeat RBA and expectations that Greece was moving closer to a deal on the European bailout package. The RBA surprised the markets by keeping it benchmark interest rate on hold at 4.25%. Ahead of the meeting interest rate markets were pricing in an 84% chance of a 25bp rate cut.
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• RBA Surprises With No Cut Sends Risk FX Higher
  Written by Boris Schlossberg
  Last updated 2/7/2012 2:52:41 AM ET
  The Reserve Bank of Australia surprised the currency markets by keeping its benchmark interest rate at 4.25% sending the Australian dollar through the 1.0800 barrier in midday Asian trade. The market had anticipated a 25bp cut with interest rate futures signaling an 84% probability of reduction to 4.00%.
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• EUR/JPY Long Opportunity at 99.62
  Written by Bradley Gareiss
  Last updated 2/6/2012 8:17:51 PM ET
  A bullish Gartley pattern is emerging on the EUR/JPY.
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• Is Greece Bracing for Default, EUR Exit?
  Written by Kathy Lien
  Last updated 2/6/2012 5:13:41 PM ET
  The euro may have weakened against the U.S. dollar today, but it ends the North American trading session well off its intraday low of 1.3028. For the time being, the 200 pip range that has confined the currency pair for the past 8 trading days remains intact. Greece failed to reach
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• As Pressure Heats Up on Greece, US Dollar Trades Higher
  Written by Kathy Lien
  Last updated 2/6/2012 10:07:21 AM ET
  The U.S. dollar is trading higher against all of the major currencies this morning but its strength has more to do with the latest troubles in Greece than Friday's better t
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• Euro Approaches 1.300 as Progress on Greece Stalls
  Written by Boris Schlossberg
  Last updated 2/6/2012 5:40:58 AM ET
  The EUR/USD opened lower at the start of the week’s trading as negotiations on Greek debt restructuring failed to reach a definitive agreement for the third weekend in a row, with parties now deadlocked on the austerity measures required by the EU/ECB/IMF troika. With haircut provisions for private sector investors all ironed out, the major stumbling block revolved around the issue of further cuts in wages and pensions.
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• Euro Falls as Markets Await Deadline on Greek Deal
  Written by Boris Schlossberg
  Last updated 2/6/2012 3:29:56 AM ET
  Euro was lower in Asian and early European trade today as officials failed to reach an agreement on Greek bailout package for the third weekend in the row and deadline of 10GMT loomed on the market. According to reports Greece has come to terms with private creditors but is refusing to implement further austerity measures required by the troika.
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• EUR/JPY to Resume Downtrend at 101.06?
  Written by Bradley Gareiss
  Last updated 2/5/2012 4:54:12 PM ET
  A bearish Gartley pattern is forming on the EUR/JPY within the context of a strong downtrend.
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• CHF/JPY to Resume Downtrend at 83.79?
  Written by Bradley Gareiss
  Last updated 2/3/2012 7:22:10 PM ET
  A bearish Gartley pattern on the CHF/JPY may provide an opportunity to go short within the recent longer term downtrend.
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• EUR: The Potential Catalysts For A Breakout
  Written by Kathy Lien
  Last updated 2/3/2012 5:05:28 PM ET
  Currencies and equities ended the week on a strong note thanks to the better than expected U.S. labor market report. All of the major currencies traded higher against the U.S. dollar on Friday with the exception of the Swiss Franc which came under pressure after SNB acting Chairman Jordan promised to defend the 1.20 EUR/CHF peg with “utmost determination.”
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• Dollar Soars, Fed, BoJ and Obama All Benefit from Strong Jobs Number
  Written by Kathy Lien
  Last updated 2/3/2012 9:20:35 AM ET
  Everyone from the Federal Reserve to the Bank of Japan and President Obama will breathe a sigh a relief after seeing today’s jobs report. Thanks to a 243k increase in non-farm payrolls, the unemployment rate has fallen for the fifth consecutive month
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• UK PMI Provides A Boost to Risk FX Ahead of NFP
  Written by Boris Schlossberg
  Last updated 2/3/2012 5:31:42 AM ET
  Risk FX was mildly bid in a typically quiet pre-NFP session boosted by better than expected UK PMI numbers and slightly positive tone in European equities. With no major economic data out of the Eurozone the only report of note was the UK PMI services release which surprised to the upside printing at 56.0 versus 53.5 expected.
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• Germany - No to ECB Haircuts
  Written by Boris Schlossberg
  Last updated 2/3/2012 3:19:49 AM ET
  German economy minister Philip Reosler rejected the idea that ECB should participate directly in the write-down of Greek debt stating the “European states and their taxpayers already make a massive contribution to Greece's restructuring process though their support efforts."
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• USD: For NFP, 100K Is Magic Number
  Written by Kathy Lien
  Last updated 2/2/2012 5:03:06 PM ET
  There has been very little consistently in the performance of the greenback ahead of Friday’s non-farm payrolls report. The USD ended the North American trading session marginally higher against the EUR, GBP, CAD and CHF, but weakened slightly against the JPY, AUD and NZD.
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• Bernanke Comments, Non-Farm Payrolls Preview
  Written by Kathy Lien
  Last updated 2/2/2012 10:42:52 AM ET
  Non-Farm Payrolls will be released on Friday and all signs point to slower job growth. According to this morning’s jobless claims report, the number of people filing for unemployment benefits declined last week but if we average the last 4 weeks of claims and compare it to December, there has not been any major improvements in the labor market. The momentum that we saw in the labor market in December will
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