The week that was:
The Eurozone crisis maintained central role in the global markets drama. Last week saw country spreads rising further with Italy and Spain at new highs (10-year yields closing the week at 7.3% and 6.7%, respectively … Read more
AUDUSD has been in a continous downtrend since late October. Yesterday it broke through the bottom of the downtrend channel at 0.9800, opening up the sub 0.9400 target, the early October lows. Given the overall risk environment and equity markets … Read more
The week that was:
Key week for Europe, the Eurozone’s prospects and very much the focus of global markets. For several days it was not clear who would lead the next Greek government. On the Italian shores, similar uncertainty … Read more
Decent move on EURUSD today with all the sovereign debt issues and Italian rates that are breaking new highs. Looking at the 4hr EURUSD chart we are set to break below the recent bear channel at 1.3595 and are also … Read more