Feb 6, 2012

CHICAGO (Reuters) - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic... ...

Feb 6, 2012

European equities have pulled back today but this is entirely normal after last week's rally. Stocks in Europe were up nearly 4% last week on average, and also closed above some fairly significant technical levels. The pan European Eurostoxx index broke above its 200-day sma at 2,448 and managed...

Feb 6, 2012

The Greek government has about 24 hours to decide whether it will agree to the Troika conditions for a bailout deal. Financial markets are hardly showing much concern - but there is a non-trivial chance that Greek does the unthinkable and we must consider the fallout if talks break...

Feb 6, 2012

The EUR/CHF found support at 1.2030, above the “1.20 floor” that the SNB had pledged to support back in September 2011. Last week, the pair climbed above a declining channel in the 1H chart, but there was a throwback after testing the 200 hour SMA. Since then, the market...

Feb 6, 2012

The GBP/USD was bearish after the Non-Farm Payroll release on Friday, and after a retracement to near 1.5830, the market continued lower, finding support just ahead of the 2/6 US session at 1.5730. Note that this swing “confirms” a bearish breakout of a rising channel support, AND the 1H...