The euro was precariously positioned just 0.1% away from hitting a two week low at 2:38 am London time due to concerns of political unrest in Spain and worse-than-expected data from the Italian retail sector. The yen has enjoyed almost a week of [...]
 

The Euro lost ground on almost every other major currency today as German investor sentiment showed signs of waning. Germany has been the last bastion of economic power in the Eurozone and has, in the eyes of many, single handedly dragged the [...]
 

The Japanese trade deficit increased today, driving demand for the US dollar and the Yen as investors look to move their funds to safer assets. The wider-than-expected results have once again raised concerns over the current state of the global [...]
 

There was little movement from the Pound Sterling this morning, until Sir Mervyn King made the announcement that the Bank of England had cut its growth forecast for the UK. The cut has taken the expected growth from 0.8% to zero. The forecast [...]
 

Announcements by the European Central Bank yesterday indicated that there will be no major solutions to the debt crisis. Like last week, European Central Bank President Mario Draghi promised to do anything it takes to prop up the Eurozone. In [...]