Here’s a clip from my CNBC Asia Guest Hosting slot last night. We talked about the EU Summit and my outlook plus levels for EUR

Posted in 2010 eurusd forecast, 2012 eurusd forecast, eu imf rescue plan, euro No Comments »

Contagion fears have rattled the markets today with everyone worried about the crisis spreading to Italy. The reason why investors are so nervous today is because the Italian economy and its total amount of debt outstanding far exceeds that of Greece. The following chart shows the total amount of foreign claims on [...]

Posted in euro, euro sovereign debt crisis, pig No Comments »

Why has the rally in the EUR been so lackluster? Because there are a still 4 3 more hurdles to overcome before we can put the Greek debt crisis behind us.
The Greeks have jumped over 2 hoops on their own with one more expected to be cleared once the Greek implementation vote is completed [...]

Posted in eur/usd, euro, euro oil, euro rate hike, euro sovereign debt crisis 2 Comments »

Here’s an awesome graphic of which countries are most exposed to Greek debt. If Greece defaults, France and Germany will suffer the most

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The following chart shows how the EUR/USD traded after the G7 joint intervention in Sept 2000. The EUR/USD made a new low and the ECB followed up with more intervention a month later which finally carved out the bottom. Will USD/JPY behave the same way?

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, Euro Intervention, eur/usd, euro No Comments »