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Euro traders are relieved and margin traders in Japan are not. It's time for your FX Fix.
As the crisis in the peripheral area of the euro zone threatened to drag Italy down further on Wednesday, the majority of the region now faces further contagion.
The Irish economic recovery has been held back by credit ratings agency Moody's downgrading its rating to junk status, Minister for Jobs, Enterprise and Innovation Richard Bruton said Wednesday.
Finding a solution to the euro zone crisis is such a complex task that investors, as well as many citizens of the European Union, have grown disgruntled with attempts to sort out the debt.
Experience suggests European politicians will struggle to agree on a deal that would actually draw a line in the sand of the entire euro zone debt crisis. Many blame their indecision for getting the euro in this position in the first place.
In the euro zone, the fiscal crisis is lapping on Italy’s shores. In the US, the administration declares it will run out of funding early next month if the debt ceiling is not raised. Far fewer Europeans than Americans believe public sector defaults are beneficial, according to the FT.
Italian bond yields are up, stocks are down, and Prime Minister Berlusconi is vowing quick passage of an austerity plan. But the real problem is the euro.
The euro takes a beating and the trade deficit dents the dollar - time for your FX Fix.
European banking stocks fell sharply Tuesday before starting to rebound, with Unicredit and Deutsche Bank among the top losers, on fears that sovereign debt crises in peripheral euro zone countries might spread.
European bank stocks are now trading like technology stocks did before the bust of the early 2000s, Peter Toogood, Director of Investment Services at Old Broad Street Research, told CNBC Tuesday.
Greece is heading for default, or at least a devaluation, and European Union (EU) leaders have to adopt a "plan B" to stem contagion to the rest of the bloc, billionaire investor George Soros said on Tuesday.
The ongoing crisis in the euro zone is creating a trading opportunity among safe-haven currencies, this strategist says.
Inflation bites in China, Italy and Greece sting the euro - it's time for your FX Fix.
As euro zone finance ministers meet to discuss the latest plan on the table aimed at solving the Greek debt crisis, one fund manager is warning that Italy and Spain will be downgraded, raising the possibility of "carnage" for global markets.
European leaders are for the first time prepared to accept that Athens should default on some of its bonds as part of a new bail-out plan for Greece that would put the country's overall debt levels on a sustainable footing, reported the FT.
With fears growing that Italy could become the latest victim of the euro zone’s sovereign debt crisis, top European officials meet on Monday, the New York Times repots.
Italy's tanking bonds are a reminder that Europe's debt crisis is alive and well. Here's how to trade on it.
Did today's jobs report throw the risk on rally in doubt, with CNBC's Melissa Lee and the Money in Motion traders. Also, cold cash and hot commodities--using currencies to play a commodity rally. And Dennis Gartman offers an analysis of crude's next move.
The euro gets hit by Italian drama and the dollar falls on a gloomy employment report - time for your FX Fix.
Europe’s banks are growing increasingly angry over the stress tests being run by European regulators, complaining that the process has been excessively rigid, with damaging changes to the exercise rushed through at the last minute, according to the FT.