Strong correlation intact between EUR and U.S. equities
Risk trade remains supported
U.S. Equity Indices targeting key resistance
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EUR lower on Ireland downgraded by S&P
BoJ’s Kamezaki talks up economy
Sterling higher on hawkish MPC chatter
Former SNB boss Roth defends intervention Continue reading →

The dollar failed to claw back any of its recent losses during the Asia session. EURUSD traded 1.3813-1.3862, and USDJPY 81.31-81.60. US equities closed up over 1% and Treasury yields pushed higher. The manufacturing ISM index rose much higher than expected to 60.8 in January versus consensus 58.0. Continue reading →