Forex Analysis

Eye-Opener: Greek charm offensive meets resistance

Yesterday evening the ECB decided to ban the use of Greek government debt as collateral.

The pair closed in NY Wednesday at $1.5180 after rate had pared earlier

The pair started in Sydney this morning at $0.7777 after offshore

The pair had a rocky start to the Asia-Pacific session this morning thanks to

The pair opened at Y117.28 this morning and early dealings were relatively tame

In addition to the supportive PBOC action overnight, the Euro is

A pattern of lower highs leaves the bias in the Swiss pointing

Ongoing coiling in the Yen in the face of the Chinese stimulus move highlights

The Dollar washed out aggressively yesterday in the wake of another set of disappointing US scheduled data flows.

With Australian and Chinese stimulus efforts seen this week,

The Pound is cheered by the Chinese stimulus move but also because

EURUSD maintained its overnight gain at 1.147.