LONDON, March 17- The European Union's markets watchdog is studying the foreign exchange market following allegations that some of its benchmarks may have been manipulated by banks. Regulators from Britain, the United States and elsewhere are probing the role of several banks and their staff in compiling foreign exchange benchmarks that are widely used.» Read More
Respectable bond sales and disappointing U.S. data are pushing the euro higher, and this strategist sees a trading opportunity.
Correlations can help you trade, but they can also come back to bite.
European shares mixed after weak U.S. economic data this morning. The Bank of England and the ECB leave key rates unchanged. Yields fall sharply in Spain and Italy debt auctions. There are now signs of economic stabilization, according to ECB President Mario Drahi. Recession in euro zone may be less likely, as a result.
The single European currency is likely to continue its fall even if European Union leaders, including European Central Bank officials, agree on a solution to the debt crisis, according to analysts.
A Spanish bond sale lifts the euro, but the European Central Bank meeting is the real headliner - time for your FX Fix.
European markets see gains across the board as bond yields fall, reports CNBC's Rebecca Meehan.
Don't look now, but the Canadian dollar could soon have its wings clipped.
Stocks edge lower after the S&P 500 hit its 5-month high yesterday. What's holding the markets back? Jeremy Zirin, UBS, and Rick Fier, Conifer Securities, discuss new signs the Germany economy is slowing down.
The European Central Bank has its monthly meeting and news conference on Thursday. Here's how to get ready.
European markets fall as Fitch says ECB should ramp up bond buying. The euro falls to a 16-month low vs. the dollar following Fitch comments. Italian banking stocks rebound, led by Unicredit. There was strong demand for the sale of German bonds. The German economy shrinks during the 4th quarter. Merkel praises the Italian government for speed of launching reforms. Italian PM Monti warns of austerity exhaustion and says austerity alone will not solve all of his country's problems. A new report calls organized crime "Italy's Biggest Bank." Commercial bank overnight deposits at the ECB hit another record high. Natural gas stocks are weak as natural gas hits its lowest level since September 2009. With Yra Harris, Notes from Underground blog.
Gold is investors' favorite asset for 2012, and developed markets are preferred over emerging markets when it comes to putting money in stocks or bonds, according to a poll carried out by Japanese investment bank Nomura.
British trade data disappoints and Fitch offers tough love for the euro - it's time for your FX Fix.
Germany's Q4 GDP fell to .25 percent, reports CNBC's Ross Westgate, who examines the European markets.
Brian Dolan, Chief Currency Strategist at Forex.com discusses the direction of the euro, and says that it's currently in a consolidation zone, along with other major currencies.
The Swiss franc rose on the resignation of the Swiss National Bank's chairman, and this strategist sees a trade.
Funny what a European debt crisis can do to the appeal of the dollar.
European shares close solidly higher as Wall Street rallies. European commodity stocks are boosted by Alcoa's outlook. The ECB meets Thursday: the Euro zone enters recessionary territory. Fitch says it doesn't foresee cutting France's AAA rating this year. Fitch also says countries under review, like Italy and Spain, could be cut one or two notches. Germany's Merkel and the IMF's LaGarde are slated to meet today in Berlin. Philips says European weakness will hurt its Q4 profits. The Bank of France says the
The Swiss franc bounced after the Swiss National Bank president resigned, and this strategist sees a selling opportunity.
Chinese trade data lifts currencies down under, and short covering lifts the euro from Monday's lows — it's time for your FX Fix.
Amid the wailing and gnashing of teeth that are governments’ attempts to confirm the long-term viability of the euro project, we are also witnessing an attempt to introduce a financial transactions tax (FTT) or “Tobin Tax” in the European Union.