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Analysis on the euro and where its headed next, with Todd Gordon, Aspen Trading Group.
US Futures point to a higher open for Wall Street after a mixed trading session yesterday. European stocks rose on Wednesday following better-than-feared GDP figures for Germany and France, and as debt-stricken Greece appeared to be nearing a political consensus on painful budget cuts. In Asia markets rose on Greece while comments from China's central bank governor saying Beijing would continue to invest in euro zone government debt aided sentiment.
The Greek parliament’s approval of fresh austerity measures despite violent protests in Athens opened the door for a brighter disposition in markets and this could push stocks upwards, according to analysts.
This could be a make or break weekend for Greece, strategists say. Here's how to play the uncertainty.
The setback on the Greek austerity plan is sapping euro strength.
Markets in Europe are mostly down as Greek opposition to the austerity plan heats up. Bank stocks are among the biggest losers. Spain approves sweeping labor market reforms. Four Greek ministers resign in protest over the new austerity package. Greece's police union threatens to issue arrest warrants for EU, IMF officials.
Greek drama staggers on, and risk appetite sags - it's time for your FX Fix.
S&P 500 futures point to New York stocks declining 0.5 per cent at the opening bell. European shares also fell today, dragged lower by banks on concerns about the outcome of the euro zone debt crisis after finance ministers imposed further conditions before approving a rescue package for Greece. Asian shares ended lower as investors remained concerned about Greece's commitment to debt restructuring.
Greek political leaders said they had clinched a deal on economic reforms and spending cuts needed to secure a second bailout, but euro zone finance ministers demanded more measures and a parliamentary seal of approval before providing the aid.
The euro shrugged news of a Greek debt deal, but this strategist thinks the fun isn't over.
These strategists say the Australian and New Zealand dollars could be headed for a fall.
Greek talks go down to the wire, and central banks hold steady - it's time for your FX Fix.
Greek crisis? What Greek crisis? Near term, this strategist likes the euro.
The strategy for the euro as rates hits its highest levels in two months on hopes that Greece is closer to resolving its debt issues, with MacNeil Curry, Bank of America Merrill Lynch head FX & rates technical strategy.
Greek hopes persist and the Australian and New Zealand dollars are lifting off - time for your FX Fix.
The Australian dollar got a boost overnight, and this strategist sees room for more.
Greece dickers and Australia's central bank surprises - it's time for your FX Fix.
Japan will not rule out taking any measures to battle speculative moves in currency markets, Finance Minister Jun Azumi said on Tuesday, after data showed Tokyo spent roughly 1 trillion yen ($13 billion) in November last year on intervention it had not previously announced.
Sometimes a crisis can force real reform.
Welcome to a busy week for central bank meetings. Here's how to trade on a big one.