http://www.fxstreet.com/technical/market-view/fx-briefing/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/fx-briefing/2012-01-16.htmlHighlights Restructuring negotiations in Greece ongoing Strong demand for Spanish and Italian bonds sends yields lower ECB leaves monetary policy unchanged, stresses that credit contraction might en-danger growth Growth in US retail sales in December dampens optimism EMU bond markets showing signs of easing: euro firmer As the week began, the US dollar continued to strengthen on the back of the remarkably favourable US labour market report for December, which was the latest in a recent stringMon, 16 Jan 2012 07:40:52 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2012-01-16.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-12-19.htmlHighlights Debt crisis and weak growth weigh on euro EU summit decisions offer no new solutions Economic signals from the US remain favourable Euro on the retreat The euro’s resistance seems to have worn thin. During the course of the year, the single European currency has rallied repeatedly in the forex market despite the escalating debt crisis. The average EUR-USD exchange rate for this year will probably have risen to just under 1.40, after 1.3270 in 2010. Now, right at the end of the year,Mon, 19 Dec 2011 06:11:07 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-12-19.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-12-12.htmlHighlights S&P puts 15 eurozone countries, the EU and several banks on “credit watch” EU summit will result in fiscal union for “17+6” group only ECB cuts interest rates to 1.0 % and announces further easing measures Euro somewhat firmer on summit decisions The euro came under considerable pressure in the latter half of the week. At Thursday’s press conference, ECB president Mario Draghi announced several additional credit support measures, but did not signal any expansion of the bondMon, 12 Dec 2011 06:05:47 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-12-12.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-12-05.htmlHighlights Upbeat US economic data calm recession worries ECB president Mario Draghi hints at possible options ECB Council and EU summit give markets hope EU summit to discuss central authority to ensure budget discipline ECB steps up its efforts All eyes are on the ECB Council’s meeting next Thursday and the meeting of EU heads of state and government which begins on Thursday eve-ning. Given the escalation of the situation in fi-nancial markets and the significant slowdown of economicMon, 05 Dec 2011 11:37:58 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-12-05.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-11-28.htmlHighlights Bund yields rise sharply after disappointing auction EU Commission relaunches Eurobond debate ECB looking into refinancing operations with maturities of two or three years Weak Bund auction puts euro under pressure The euro is on the retreat. During the course of the week, the single currency weakened against the “risk off” currencies – particularly against the US dollar and its Chinese satellite CNY, but also versus the yen and the Swiss franc. EUR-USD fell from around 1.35 to lessMon, 28 Nov 2011 05:37:09 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-11-28.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-11-21.htmlHighlights New governments in Italy and Greece fail to calm market jitters Risk premiums versus Bunds widen throughout the eurozone Rising EFSF financing costs weaken firepower Escalation in debt crisis puts euro at risk of depreciating Markets crave ECB move Over the last few days, the euro has given up the previous week’s gains again. EUR-USD tumbled from 1.38 to below 1.35, but recovered to almost 1.36 at the end of the week. The new governments formed in Italy under the leadership ofMon, 21 Nov 2011 07:38:27 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-11-21.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-11-14.htmlHighlights Crisis spiralling out of control Yields on Italian bonds hit record levels ECB under mounting pressure Euro in crisis maelstrom The eurozone debt crisis is rapidly spiralling out of control. This week, two heads of government in the euro area threw in the towel: both the Greek and the Italian prime minister announced their resignation. This was not good for the single currency. Towards mid-week, EUR-USD fell from 1.3850 to below 1.35 at times. The currency was hit particularly byMon, 14 Nov 2011 06:18:45 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-11-14.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-11-07.htmlHighlights Papandreou calls off referendum, opposition to participate in interim government ECB cuts refinancing rate to 1.25%, expects pace of growth to slow FOMC still prepared to take further easing measures Japanese monetary authorities intervene to stop the yen’s appreciation No longer taboo: exit from the eurozone This week all eyes were on Greece. Investors were stunned at prime minister George Papandreou’s announcement of a referendum, putting at stake the debt deal agreed by EuropeanMon, 07 Nov 2011 06:25:07 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-11-07.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-31.htmlHighlights Markets react to EU summit with relief, rally in risk-on assets Financial institutions accept 50% haircut for Greece EFSF to be leveraged through partial insurance and foreign capital Hopes climb on EU summit decisions The week passed in anxious suspense: markets vacillated between hopes that a sustainable concept to resolve the sovereign debt crisis would be presented at the EU summit on Wednesday and fears that the “big bazooka” announced would yet again turn out to be a smallMon, 31 Oct 2011 06:33:07 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-31.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-24.htmlHighlights EU summit will leave many questions open US manufacturing sector stabilising China slowing down, loosening credit conditions – selectively EU summit: Hope and scepticism The euphoria over a possible solution to the euro crisis, which had temporarily lifted EUR-USD to 1.39 last week, has died down again in the last few days. Just before the EU summits on 23 and 26 October, it is becoming clear that the grand stabilisation plan for the eurozone still has numerous gaps. There is littleMon, 24 Oct 2011 06:54:44 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-24.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-17.htmlHighlights Merkel and Sarkozy want to present overall concept by the end of the month Banks to clearly increase capital ratios – drawing on private sources or public funds Slovakia gives approval, ratification of new EFSF treaty is completed EMU industrial production proves robust Euro: riding the wave of hope The euro, which had already recovered somewhat last week, picked up further pace when a wave of optimism was sweeping the financial markets. The EUR-USD rate gained around 4 cents in theMon, 17 Oct 2011 06:27:35 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-17.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-10.htmlHighlights Eurozone governments are planning recapitalisation measures for banks ECB re-launches annual tender and covered bond purchases US economic data still better than expected More capital and liquidity for Europe’s banks Due to sustained uncertainty in European financial markets and mounting growth concerns, the euro put in a weak performance. The euro’s slide, which had begun last Friday, continued at the beginning of the week, fuelled partly by doubts about the firepower of the EFSF,Mon, 10 Oct 2011 07:00:17 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-10.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-03.htmlHighlights German Bundestag approves bill to expand EFSF and make it more flexible Additional ECB quantitative measures more likely than interest rate cut Unexpected acceleration in eurozone inflation rate ECB: No hasty interest rate cuts The euro has stabilised somewhat; during the course of the week, EUR-USD has been hovering between 1.35 and 1.37. Towards the end of the week, the European currency was trading at the lower end of the range. In an international comparison, the euro held itsMon, 03 Oct 2011 10:28:05 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-10-03.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-09-26.htmlHighlights IMF warns of collapse in growth, admonishes policymakers’ weak response Rating agencies cut credit ratings for Italy and Italian and US banks Fed “twists” Treasury portfolio, swaps short maturities for longer-dated ones Belgian central bank governor Luc Coene signals ECB interest rate cut in October US dollar benefits from risk aversion From mid-week on, a new wave of fear sent stock markets plunging. CDS spreads widened to new record levels and Treasury and Bund yields tumbled toMon, 26 Sep 2011 09:33:33 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-09-26.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-09-19.htmlHighlights Merkel and Sarkozy committed to keeping the EMU together ECB provides longer-term USD financing to credit institutions Growing international pressure on EMU states to take action Breathing space for the euro Starting from its low of 1.35 last Monday, EURUSD returned to almost 1.39 during the week. The euro has thus recovered somewhat from the weak spell that had mainly been caused by the resignation of ECB executive board member Jürgen Stark and by German economics minister PhilippMon, 19 Sep 2011 07:48:31 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-09-19.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-09-12.htmlHighlights SNB sets minimum exchange rate of 1.20 francs per euro ECB changes risk assessment to neutral due to downside risks for growth USA: not a recession, but only very muted growth SNB pegs Swiss franc to the euro Better than expected US data, the announcement of a further economic package in the US and above all a change in the ECB’s monetary policy stance resulted in the euro losing more than 2% against the dollar this week. Against the Swiss franc, however, the euro gained more thanMon, 12 Sep 2011 05:21:08 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-09-12.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-09-05.htmlHighlights US economy weak, but not in recession Eurozone bond market jitters deepen: EFSF, Italy’s austerity package, Lagarde ECB set to return to neutral assessment of inflation risks Euro-scepticism is growing again At the start of the week, EUR-USD rose as high as 1.4549. Fed Chief Ben Bernanke had refrained from announcing further stimulus measures last Friday at Jackson Hole, and had painted a relatively rosy picture of the US economy. However, the decision to extend the September FOMCMon, 05 Sep 2011 08:15:48 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-09-05.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-08-29.htmlHighlights Equity markets hope for additional support from the Fed “Hard” US economic indicators show little recession risk In Japan resistance is growing against the strength of the yen Ruling party DPJ to elect new Japanese prime minister EUR-USD: Risk on or off? Recession fears and the debt crisis are continuing to dominate market action. The mood alternates between flashes of optimism on equity markets and panic attacks as last seen on Thursday afternoon. On bond markets, the picture isMon, 29 Aug 2011 09:19:09 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-08-29.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-08-15.htmlHighlights US Fed guarantees quasi-zero interest rates until mid-2013 ECB expands bond purchases and buys Italian and Spanish bonds SNB is contemplating pegging the franc to the euro Central banks step up stabilisation efforts Following sharp losses in the first third of the month, stock markets have now begun an extremely volatile sideways movement. While the S&P 500 had dropped as much as 15%, and is currently down by about 9%, European stock markets remain in turmoil because of growthMon, 15 Aug 2011 06:36:56 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-08-15.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-08-08.htmlHighlights Central banks flood money markets ECB is back in crisis mode and reactivates bond-buying programme Markets price in ECB interest rate cuts ECB loses its independence Currency markets were well and truly shaken up this week. First the Swiss and Japanese central banks intervened; they opened the spigots and poured liquidity into the markets in order to stem the continuous appreciation of their currencies. On Thursday, the European Central Bank unexpectedly followed suit. ExchangeMon, 08 Aug 2011 05:29:16 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-08-08.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-08-01.htmlHighlights Widespread distrust in eurozone bond markets ECB Council could tone down hawkish stance Congress still at odds over raising debt ceiling US Congress: Waiting for a miracle EUR-USD still remains in the trading range of the past weeks, but since the eurozone’s agreement on a second rescue package for Greece and with the deadline for raising the debt ceiling in the US drawing nearer, it has been at the upper end of the range. EUR-USD briefly broke out over 1.45, but soon fell backMon, 01 Aug 2011 05:41:41 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-08-01.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-07-25.htmlHighlights EU summit agrees new bailout package for Greece, improves loan conditions Financial institutions signal willingness to swap bonds with maturity extension EFSF more powerful: bond buy-backs, pre-emptive credit lines, recapitalisation Negotiations over raising debt ceiling in US continuing Hopes of eurozone debt crisis abating Given the current fiscal policy uncertainties on both sides of the Atlantic, exchange rates remained relatively stable during the first half of the week.Mon, 25 Jul 2011 05:47:37 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-07-25.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-07-18.htmlHighlights Fears start spreading to Italy, Italian bond yields soar US parties still at odds, time for agreement is running out Euro finance ministers discuss private sector involvement, bond buy-backs EUR-USD: Balance of terror In the wake of the heavy losses suffered by Italian government bonds, the euro also came under pressure at the beginning of the week. EUR-USD broke out below the past months’ trading range, tumbling as low as 1.3838 on Tuesday morning – its lowest level in about fourMon, 18 Jul 2011 05:16:43 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-07-18.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-07-11.htmlHighlights Rating agencies challenge proposal to involve private creditors… …and downgrade Portuguese bonds to “junk” status ECB raises refinancing rate to 1.5%, confirms upside risks to inflation German economy posts robust increase in production and orders in May Chinese central bank raises interest rates by 25 basis points No summer break for the periphery after all The calmer mood in the markets after the Greek parliament had passed the austerity plan did not last long. Eurogroup financeMon, 11 Jul 2011 06:36:58 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-07-11.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-07-04.htmlHighlights Greek parliament adopts austerity programme and … … thus meets the preconditions for further international aid Euro profits from receding fear of Greek default Fed stresses that interest rates will remain in place in the longer term and hints at deflationary risks Greek default averted for the time being The immediate danger of a Greek default has been averted. The Greek parliament has passed the medium-term austerity plan and the implementation law, while German and FrenchMon, 04 Jul 2011 06:55:26 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-07-04.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-06-20.htmlHighlights Greek prime minister combines austerity measures with vote of confidence Rescue package for Greece likely to be delayed until July Swiss National Bank warns of growth risks from strong franc Swedish krona weakening despite Riksbank’s tightening cycle FOMC meeting unlikely to provide any strong impetus κρίσις  Rather aptly, the word “crisis” comes from Greek. The Greek noun “krísis” (κρίσις) derives from the verb “krinein” (meaning to decide) and signifies a crucial point orMon, 20 Jun 2011 06:56:46 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-06-20.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-06-13.htmlHighlights Eurozone finance ministers prepare new bailout package for Greece, whereby… …Germany wants private creditors to share the burden Weaker US economic data fuel growth fears ECB signals interest rate hike in July; full allotment of refi operations to continue Markets ignore ECB’s interest rate hike signal Over the last fortnight, the euro has recovered from its dip. The euro strengthened significantly versus the dollar, the pound sterling and the Scandinavian currencies. Towards theMon, 13 Jun 2011 06:11:05 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-06-13.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-30.htmlHighlights Swiss franc rises against euro and US dollar Ifo signals that robust growth will continue …but Greek crisis is escalating US growth hopes fade Doom versus gloom Despite starting the week on a weak footing, the euro managed for the most part to hold its ground this week. After falling below 1.40 at times on Monday, EUR-USD rebounded to around 1.4230 at the end of the week. As regards the major global currencies, however, investors seem increasingly unable to decide whether to chooseMon, 30 May 2011 06:19:05 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-30.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-23.htmlHighlights ECB adamantly opposed due to concerns about financial market stability US monetary policy: exit, but not yet Euro rebounds After the previous weeks’ sell-off, the euro stabilised this week. EUR-USD rose steadily from 1.4048 at the beginning of the week to almost 1.4350, but closed the week slightly lower at 1.4241. At the same time, commodity markets rebounded from the sharp losses incurred during the last few weeks. The euro’s stabilisation could have been partly due to the factMon, 23 May 2011 05:17:33 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-23.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-16.htmlHighlights Doubts over strength of EM growth weigh on commodity prices and boost dollar Chinese economic data and reserve requirement ratio increase spook markets ECB chief economist Jürgen Stark signals rate hikes to come Eurozone growth exceeds positive expectations, Germany excels Dollar benefits from growth doubts The euro continued last week’s slide. After falling from 1.49 to just over 1.45 last week, EURUSD edged closer to 1.41 briefly on Thursday, but recovered again towards the end ofMon, 16 May 2011 05:39:42 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-16.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-09.htmlHighlights ECB in no hurry to raise interest rates, next step presumably in July Euro plummets after ECB meeting Robust eurozone growth in Q1, but set to slow down in Q2 ECB: Tame hawks After Thursday’s ECB Governing Council meeting, the euro surrendered its gains from the previous week. EUR-USD plunged by nearly four big figures – from 1.49 to 1.45, reflecting market participants’ disappointment that the ECB, contrary to widespread expectations, had given no indication that interest ratesMon, 09 May 2011 06:13:38 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-09.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-02.htmlHighlights Bernanke confirms ultra-loose US monetary policy Price risks are increasing in eurozone Euro unfazed by peripheral problems Bernanke batters the dollar This week the dollar continued to lose ground against almost all currencies, as even before the Fed’s interest rate decision on Wednesday, it had already been clear that US monetary policy would remain accommodative for a long time to come. This was confirmed by Ben Bernanke at the first press conference to be held after an FOMCMon, 02 May 2011 08:38:46 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-05-02.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-04-18.htmlHighlights JPY and CHF benefit from profit-taking Greek debt restructuring debate flares up again Agreement on US budget consolidation plan not yet in sight Greece and the USA: public debt problems The upgrading of the severity of the Fukushima nuclear disaster, a weak start to the reporting season in US equity markets, budget conflicts in the US and the ongoing debate over restructuring of Greek public debt prompted profit-taking this week. The yen in particular, which had been under heavyMon, 18 Apr 2011 06:06:57 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-04-18.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-04-11.htmlHighlights Yen continues to fall; EUR-USD on 15-month high ECB raises refi rate to 1.25% Portugal requests EU/IMF financial aid, Spanish credit risk premia keep falling Surge in German industrial production and new orders in February Yen under pressure Investors are continuing to favour currencies which stand to benefit from robust global economic growth and monetary policy tightening. Like last week, the European currencies and the Aussie (AUD), the Kiwi (NZD) and the Loonie (CAD)Mon, 11 Apr 2011 05:49:20 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-04-11.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-04-04.htmlHighlights Investors’ risk appetite returns; yen loses ground across the board ECB set to raise interest rates for the first time Worries about Portugal’s budget situation intensify Minneapolis Fed president makes a surprising comment on raising interest rates Euro firms on interest rate hike expectations After fears about the consequences of Japan’s catastrophe had subsided slightly last week, the movement out of yen into higher-yielding “risk on” currencies has strengthened further in theMon, 04 Apr 2011 05:21:45 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-04-04.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-03-28.htmlHighlights Risk aversion is declining significantly ECB comments boost interest rate hike expectations, thus supporting the euro Uncertain fiscal consolidation in Portugal weighs on the euro, however Yen stable after interventions Business as usual After the initial sharp reaction to the disaster in Japan, the markets calmed down again somewhat this week. Despite increasing reports of radiation leaks at the stricken Fukushima nuclear plant, and no sign of a swift end to international militaryMon, 28 Mar 2011 09:45:06 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-03-28.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-03-21.htmlHighlights Yen relinquishes its gains on G7 coordinated intervention Economic uncertainty has increased significantly ECB rate hike in April now looks less likely – euro appreciates all the same Catastrophe in Japan spooks markets The impact of the earthquake and the devastating tsunami in Japan is dominating the headlines and financial markets. The critical situation in the Japanese nuclear power plant Fukushima and the threat of a nuclear disaster have caused a global exodus from riskyMon, 21 Mar 2011 05:24:01 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-03-21.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-03-14.htmlHighlights Eurozone sovereign debt crisis back in the spotlight Dollar “safe haven” amid political uncertainty in the Middle East ECB rate hike likely to proceed due to inflation risks Crisis fears weigh on euro Last week, the US labour market report for February had signalled that the economic recovery in the US had now also spread to the labour market. But given the dovish comments made by Fed chief Ben Bernanke and his FOMC colleagues, the upbeat data did little to strengthen the dollar inMon, 14 Mar 2011 06:10:01 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-03-14.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-03-07.htmlHighlights Bernanke repeats himself yet again Trichet signals interest rate hike in April Sounds familiar: We are not planning a series of interest rate rises Trichet propels euro to a four-month high The dollar lost ground again this week. EURUSD traded for the most part within quite a narrow range between 1.37 and 1.39. Only after the ECB’s rate rise signal, which took many by surprise, did the euro surge to its highest levels of the week, rising to a 4-month high. The yen also regained someMon, 07 Mar 2011 06:14:38 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-03-07.htmlhttp://www.fxstreet.com/technical/market-view/fx-briefing/2011-02-28.htmlHighlights Fighting in Libya sends investors fleeing to safe havens Oil prices soar; long-term effects of Middle East turmoil remain to be seen ECB intensifies warning about inflation risks Markets await new signals from the Fed US monetary policy: a change in tone? Safety was the top priority again this week: the uncertain and clearly dangerous situation in Libya, disruptions in oil production as a result of the unrest, and fears that the political turmoil could spread to other countriesMon, 28 Feb 2011 06:05:14 GMThttp://www.fxstreet.com/technical/market-view/corp-comm@bhf-bank.com (BHF-Bank)http://www.fxstreet.com/technical/market-view/fx-briefing/2011-02-28.html