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COMMENTARY

• Why China Will Support The Euro
  Written by Boris Schlossberg
  Last updated 2/2/2012 6:10:30 AM ET
  EUR/USD spiked by more than 50 cents in a matter of seconds in morning European trade on comments by China’s premier Wen Jiabao that the country will consider greater involvement in EFSF and ESM stabilization funds. Mr. Wen stated that it was “urgent” for Europe resolve its debt crisis and that China supports EU’s efforts to stabilize the Euro.
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• USD/JPY At Year Lows
  Written by Boris Schlossberg
  Last updated 2/2/2012 5:40:52 AM ET
  Risk FX came under some profit taking pressure in morning European dealing with EUR/USD stalling ahead of the 1.3200 barrier as it fell to session lows of 1.3122 before stabilizing at 1.3150. With very little economic data on the docket trading was driven mostly by technical rather than fundamental factors.
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• USD/JPY Approaches 76.00 as BOJ Signals No Intervention
  Written by Boris Schlossberg
  Last updated 2/2/2012 3:46:56 AM ET
  USD/JPY continued to drift lower in Asian trade coming within a few pips of the key 76.00 level after BOJ Deputy Governor Hirohide Yamaguchi said the he didn’t see the need for immediate policy action. USD/JPY has dropped more than 200 points since the uber-dovish Fed meeting last Wednesday during which the US policy makers indicated that they may keep rates low all the way to 2014. That announcement frustrated dollar bulls who had been expecting a break out in the pair on the belief that improving US economic data would temper the accommodative policy of the Fed.
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• CAD/CHF Short Opportunity at 0.9247
  Written by Bradley Gareiss
  Last updated 2/1/2012 8:15:36 PM ET
  A bearish Gartley pattern is emerging on the CAD/CHF 4hr Chart.
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• Top 5 Reasons Why EUR Rallied
  Written by Kathy Lien
  Last updated 2/1/2012 4:53:30 PM ET
  The EUR/USD consolidated for the past 5 trading days, leaving investors to wonder whether the loss of momentum will be temporary or permanent.
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• FX: Failing at Key Levels, Need Good News Quickly
  Written by Kathy Lien
  Last updated 2/1/2012 12:50:24 PM ET
  It may have been a mixed day for the U.S. dollar but there is no question the rally in the financial market is beginning to run out of steam. Currencies and equities hav
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• EUR Higher on Mixed US Data and Lower EZ Bond Yields
  Written by Kathy Lien
  Last updated 2/1/2012 10:07:08 AM ET
  All of the major currencies are trading higher against the U.S. dollar this morning thanks to better than expected manufacturing numbers from China and Europe. Investors remain optimistic because as long as there is evidence of
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• Euro Erases Asian Session Losses as Risk Rallies
  Written by Boris Schlossberg
  Last updated 2/1/2012 5:34:41 AM ET
  Risk currencies staged a strong recovery in early European dealing boosted by better than expected PMI data from across the globe, a powerful rally in European stocks and swift short covering after EUR/USD failed to take out the 1.3000 level in Asian trade. EUR/USD soared more than 100 points trading at 1.3135 by midmorning European session while Aussie hovered near yearly highs of 1.0680 as it targeted the key 1.0700 level.
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• Risk FX Off Lows As Equities, Chinese PMI Boost
  Written by Boris Schlossberg
  Last updated 2/1/2012 3:30:52 AM ET
  Currencies rebounded off the Asian session lows at the start of the European trade lifted by positive opening in equities but remained lower on the day as profit taking and concerns over the deal in Greece continued to weigh on risk. Risk FX was lower despite better than expected data from Chinese Manufacturing PMI which printed at 50.5 versus 49.8 as it remained in expansionary territory for the second month in a row.
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• Review: Stop Placement
  Written by Bradley Gareiss
  Last updated 1/31/2012 8:21:34 PM ET
  Why stops are a critical tool and how we implement them in our trading.
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• Behind the EUR/USD Decline, Disappointments in US Data
  Written by Kathy Lien
  Last updated 1/31/2012 10:26:18 AM ET
  January was a great month to be long euros but the sell-off that we have seen since the start of the North American trading session has many investors wondering whether 1.3235 will be the near term top for the EUR/USD. Weaker than ex
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• Euro Benefits From Risk On Ahead of North American Trade
  Written by Boris Schlossberg
  Last updated 1/31/2012 5:37:58 AM ET
  Risk FX rose steadily through Asian and early European trade today boosted by better economic data out of Germany, the news of agreement on a fiscal compact by EU, continuing negotiations on Greece and end of the month flows against the dollar. German labor data surprised to the upside as Europe’s largest economy defied skeptics by reducing its jobless rolls by -34K versus -8K eyed. The unemployment rate dropped to 6.7% versus 6.8% forecast – its lowest level on record since re-unification.
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• Euro Above 1.3200 as German Labor Data Lifts
  Written by Boris Schlossberg
  Last updated 1/31/2012 4:21:47 AM ET
  German labor data printed much better than expected with unemployment rate hitting an all time low as Europe’s largest economy continued to defy sceptics by posting yet another month of robust growth in jobs. German unemployment declined by -34K versus -8K eyed - its best reading in 10 months. The unemployment rate dropped to 6.7% versus 6.8% forecast.
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• GBP/CAD Long Opportunity at 1.5640
  Written by Bradley Gareiss
  Last updated 1/30/2012 8:14:28 PM ET
  A bullish Gartley pattern is forming on the GBP/CAD.
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• EUR: EU Summit Skirts Around Key Issue
  Written by Kathy Lien
  Last updated 1/30/2012 4:04:40 PM ET
  Today’s EU Summit was nothing more than another opportunity for European officials to disappoint the market. European leaders stuck to script, providing very little in the way of innovation.
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