FX Blog

Daily Market Updates & FX News

FX Blog

Daily Market Updates & FX News

FX Blog

Daily Market Updates & FX News

Spanish Cost of Debt Back Above 7%

Spanish Cost of Debt Back Above 7%

Market Comment Markets are selling off this morning and traders are taking risk off the table following Germany’s denial of a report that the country would support shared liability (‘Eurobonds’) ...
First US City Bankruptcy Imminent

First US City Bankruptcy Imminent

Market Comment Markets were fairly tame overnight, with no major news on the European front. However, conditions continue to deteriorate domestically in the US and the city of Stockton, CA ...
Ongoing Weakness in Europe

Ongoing Weakness in Europe

Market Comment Markets are tame today following yesterday’s 1% selloff; commodities remain weak with Crude Oil still around $79/bbl and Gold is off 0.5% to $1,580/oz. Rising Spanish Borrowing Costs ...
Markets Flat Ahead of FOMC Meeting

Markets Flat Ahead of FOMC Meeting

Market Comment Markets are quiet leading into this afternoon’s FOMC press conference. The expectation stands that the Federal Reserve will continue with some form of quantitative easing, though it remains ...
Olympia Trust Foreign Exchange