http://www.fxstreet.com/technical/market-view/weekly-market-commentary/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-12-09.htmlOverview Another nervous, thin, nasty week as investors kept hoping for good news on the Eurozone – and anything financial for that matter. Bid-offer spreads have widened, some things just cannot be traded or are offered way above their real worth because the banks cannot afford the write-downs. Estimates put Eurozone bank debt due in the fist quarter of 2012 at €230 Billion. By June next year the European Banking Authority insists they will have to raise another €114.7B in new capital to getFri, 09 Dec 2011 15:35:04 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-12-09.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-12-09.htmlOverview Another nervous, thin, nasty week as investors kept hoping for good news on the Eurozone – and anything financial for that matter. Bid-offer spreads have widened, some things just cannot be traded or are offered way above their real worth because the banks cannot afford the write-downs. Estimates put Eurozone bank debt due in the fist quarter of 2012 at €230 Billion. By June next year the European Banking Authority insists they will have to raise another €114.7B in new capital to getFri, 09 Dec 2011 15:35:04 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-12-09.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-11-25.htmlOverview The problems that politicians have failed to understand or grapple with since 2007 grind on relentlessly, getting bigger and more intractable in the process. De-leverage upped the ante this week, taking in more startled victims; why they should be surprised just underlines the ineptitude of those involved – at all levels. Stock indices across the globe sold off, many losing about 7.00% and FTSE 100 dropping for a staggering 10 consecutive days. Mumbai’s Sensex its lowest in two years,Fri, 25 Nov 2011 15:24:49 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-11-25.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-11-25.htmlOverview The problems that politicians have failed to understand or grapple with since 2007 grind on relentlessly, getting bigger and more intractable in the process. De-leverage upped the ante this week, taking in more startled victims; why they should be surprised just underlines the ineptitude of those involved – at all levels. Stock indices across the globe sold off, many losing about 7.00% and FTSE 100 dropping for a staggering 10 consecutive days. Mumbai’s Sensex its lowest in two years,Fri, 25 Nov 2011 15:24:49 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-11-25.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-11-18.htmlOverview Eurozone woes centre-stage again as sovereign bond yield spreads widen to new records, except those on ten-year Greek and Irish paper. Cracks associated with those who may or may not hold this debt are growing, though many are refusing to disclose their holdings, including US banks causing Fitch ratings to warn on the subject and Moody’s to downgrade ten German Landesbanks. Other countries are feeling the pinch of de-leverage, lack of cheap credit and slowing housing and industrialFri, 18 Nov 2011 16:46:58 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-11-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-11-18.htmlOverview Eurozone woes centre-stage again as sovereign bond yield spreads widen to new records, except those on ten-year Greek and Irish paper. Cracks associated with those who may or may not hold this debt are growing, though many are refusing to disclose their holdings, including US banks causing Fitch ratings to warn on the subject and Moody’s to downgrade ten German Landesbanks. Other countries are feeling the pinch of de-leverage, lack of cheap credit and slowing housing and industrialFri, 18 Nov 2011 16:46:58 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-11-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-11-11.htmlOverview Another fraught week as many sovereign bonds are sold or relentlessly marked down. All ten-year Eurozone Treasury bond yields, excepting Denmark, Finland, Ireland and the Netherlands, hit new record spreads over German Bunds (itself a record low 1.677%): Austria 155 over, Belgium 275, France 167 so exactly double the yield of its big neighbour, and Italy 563 to yield 7.45%, also ‘managing’ to issue a one-year TBill at 6.087% Thursday. Five- year Hungarian benchmark sovereign debt overFri, 11 Nov 2011 15:32:43 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-11-11.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-11-11.htmlOverview Another fraught week as many sovereign bonds are sold or relentlessly marked down. All ten-year Eurozone Treasury bond yields, excepting Denmark, Finland, Ireland and the Netherlands, hit new record spreads over German Bunds (itself a record low 1.677%): Austria 155 over, Belgium 275, France 167 so exactly double the yield of its big neighbour, and Italy 563 to yield 7.45%, also ‘managing’ to issue a one-year TBill at 6.087% Thursday. Five- year Hungarian benchmark sovereign debt overFri, 11 Nov 2011 15:32:43 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-11-11.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-11-07.htmlOverview Another jittery week as sentiment veered between fears of a Greek default and hopes politicians might find the silver bullet at Cannes’ G20 summit; neither happened and we remain in limbo, Greece facing another no-confidence vote instead of the threatened referendum. Benchmark ten-year Treasury bond spreads in Europe hit new records: Greece a theoretical 2900 over Bund and one-year paper yielding 200.00%; ten-year Italian BTPs 464 over, Spanish Bonos 383, Belgium 265, France 136 andMon, 07 Nov 2011 05:56:02 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-11-07.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-11-07.htmlOverview Another jittery week as sentiment veered between fears of a Greek default and hopes politicians might find the silver bullet at Cannes’ G20 summit; neither happened and we remain in limbo, Greece facing another no-confidence vote instead of the threatened referendum. Benchmark ten-year Treasury bond spreads in Europe hit new records: Greece a theoretical 2900 over Bund and one-year paper yielding 200.00%; ten-year Italian BTPs 464 over, Spanish Bonos 383, Belgium 265, France 136 andMon, 07 Nov 2011 05:56:02 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-11-07.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-10-21.htmlOverview A quiet week spent waiting and hoping that somebody would come up with a viable plan to sort out the Eurozone’s banks and sovereign debt; France’s President Sarkozy even dashed off to Germany to plead with Chancellor Merkel, abandoning his pretty wife and day-old baby girl, to no avail. G20 leaders meeting in Paris this weekend have already warned that another summit on Wednesday might be needed. Equity indices retreated from last week’s highs at the upper edge of the bands that haveFri, 21 Oct 2011 14:19:00 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-10-21.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-10-21.htmlOverview A quiet week spent waiting and hoping that somebody would come up with a viable plan to sort out the Eurozone’s banks and sovereign debt; France’s President Sarkozy even dashed off to Germany to plead with Chancellor Merkel, abandoning his pretty wife and day-old baby girl, to no avail. G20 leaders meeting in Paris this weekend have already warned that another summit on Wednesday might be needed. Equity indices retreated from last week’s highs at the upper edge of the bands that haveFri, 21 Oct 2011 14:19:00 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-10-21.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-10-14.htmlOverview Investors kicked off the week in a more positive mood: hoping that Eurozone leaders had realised the urgency of the sovereign debt woes, hoping they would agree to an enlarged European Financial Stability Facility, hoping this would stabilise the banking system, wishing they would all agree what needed doing. On this, ‘risk on’ mode kicked in: equity indices rallied towards the higher edge of the bands that have dominated since early August, US dollars were sold, short-covering takingFri, 14 Oct 2011 15:19:22 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-10-14.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-10-14.htmlOverview Investors kicked off the week in a more positive mood: hoping that Eurozone leaders had realised the urgency of the sovereign debt woes, hoping they would agree to an enlarged European Financial Stability Facility, hoping this would stabilise the banking system, wishing they would all agree what needed doing. On this, ‘risk on’ mode kicked in: equity indices rallied towards the higher edge of the bands that have dominated since early August, US dollars were sold, short-covering takingFri, 14 Oct 2011 15:19:22 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-10-14.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-10-07.htmlOverview A quieter yet jittery start to the fourth quarter with stock indices regularly flying up or down by up to three percent daily while waiting for today’s US employment numbers. These came out very marginally better than expected, Non-Farm Payrolls +103K, Unemployment and Average Earnings unchanged at 9.1% and +1.9% Y/Y. Benchmark Treasury yields are up a little, JGB’s bucking the trend, US 2-year TNotes an eight week high at 28 basis points, likewise Euribor futures, while EurodollarFri, 07 Oct 2011 15:23:34 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-10-07.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-10-07.htmlOverview A quieter yet jittery start to the fourth quarter with stock indices regularly flying up or down by up to three percent daily while waiting for today’s US employment numbers. These came out very marginally better than expected, Non-Farm Payrolls +103K, Unemployment and Average Earnings unchanged at 9.1% and +1.9% Y/Y. Benchmark Treasury yields are up a little, JGB’s bucking the trend, US 2-year TNotes an eight week high at 28 basis points, likewise Euribor futures, while EurodollarFri, 07 Oct 2011 15:23:34 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-10-07.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-10-03.htmlOverview In case anyone has been holed up on a desert island, this month and this quarter have not been good to equity markets: Athens leading the pack (–37%), followed by Budapest (-31%), Russia and Austria (-29%), the Hang Seng (-28) and Italy (-26%), the Shanghai Composite saw its lowest weekly close since March 2009 and the Nikkei very similar. Note that the biggest losses were mainly sustained in July and August with September a holding pattern at the bottom of the quarterly range. In aMon, 03 Oct 2011 09:09:16 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-10-03.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-10-03.htmlOverview In case anyone has been holed up on a desert island, this month and this quarter have not been good to equity markets: Athens leading the pack (–37%), followed by Budapest (-31%), Russia and Austria (-29%), the Hang Seng (-28) and Italy (-26%), the Shanghai Composite saw its lowest weekly close since March 2009 and the Nikkei very similar. Note that the biggest losses were mainly sustained in July and August with September a holding pattern at the bottom of the quarterly range. In aMon, 03 Oct 2011 09:09:16 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-10-03.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-09-23.htmlOverview Anecdotal evidence has many fund managers taking up smoking and after a week like this, one can see why. Statements from the Fed following its FOMC meeting (‘there are significant downside risks to the economic outlook’), from Madame Lagarde at the IMF (‘the West is not just in a cyclical downturn’), from the World Bank’s Zoellick (the world is in a ‘danger zone’), and US Treasury’s Geithner (the Eurozone faces an ‘existential’ threat), all warned of the fragility of the currentFri, 23 Sep 2011 14:37:01 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-09-23.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-09-23.htmlOverview Anecdotal evidence has many fund managers taking up smoking and after a week like this, one can see why. Statements from the Fed following its FOMC meeting (‘there are significant downside risks to the economic outlook’), from Madame Lagarde at the IMF (‘the West is not just in a cyclical downturn’), from the World Bank’s Zoellick (the world is in a ‘danger zone’), and US Treasury’s Geithner (the Eurozone faces an ‘existential’ threat), all warned of the fragility of the currentFri, 23 Sep 2011 14:37:01 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-09-23.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-09-09.v02.htmlOverview An uneasy calm reigned this week with many instruments holding within recent ranges while others saw fairly large falls. The US VIX index remains high, between 30.0 and 40.0, two standard deviations above the long-term mean. Stock indices were unchanged or traded down a little, German DAX the lowest since July 2009, retracing 61% of the rally since then. Bond yields of some sovereigns hit new record lows including ten-year Singapore 1.45%, Bunds 1.80%, US TNotes 1.90% and CanadaFri, 09 Sep 2011 14:53:15 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-09-09.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-09-09.v02.htmlOverview An uneasy calm reigned this week with many instruments holding within recent ranges while others saw fairly large falls. The US VIX index remains high, between 30.0 and 40.0, two standard deviations above the long-term mean. Stock indices were unchanged or traded down a little, German DAX the lowest since July 2009, retracing 61% of the rally since then. Bond yields of some sovereigns hit new record lows including ten-year Singapore 1.45%, Bunds 1.80%, US TNotes 1.90% and CanadaFri, 09 Sep 2011 14:53:15 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-09-09.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-09-02.htmlOverview Stock indices first traded higher on hopes of even more Quantative Easing; by Thursday most had had a change of heart to end roughly at the mid-point of the last four weeks’ trading range. UK and US Treasury yields remain at or very close to record lows, German ten-year a new record 2.021%, Bobls likewise at 1.086% and where everything out to seven-years yields less than the ECB’s 1.50% target rate. Swiss three-month Libor offered today at a record half a basis point, while peripheralFri, 02 Sep 2011 14:47:24 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-09-02.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-09-02.htmlOverview Stock indices first traded higher on hopes of even more Quantative Easing; by Thursday most had had a change of heart to end roughly at the mid-point of the last four weeks’ trading range. UK and US Treasury yields remain at or very close to record lows, German ten-year a new record 2.021%, Bobls likewise at 1.086% and where everything out to seven-years yields less than the ECB’s 1.50% target rate. Swiss three-month Libor offered today at a record half a basis point, while peripheralFri, 02 Sep 2011 14:47:24 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-09-02.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-08-26.htmlOverview Another nervous week though price moves have been subdued, some comparing current conditions in the banking industry to the start of the rot in August 2007. Most stock indices clung to recent ranges and above August’s lows though India’s Sensex closed under 16,000 today, its lowest weekly close since September 2009, while yesterday the Dax slipped 3.8% in a terrible twenty minutes. Similarly currencies held in tiny ranges inside this month’s established bands, the Turkish liraFri, 26 Aug 2011 14:45:21 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-08-26.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-08-26.htmlOverview Another nervous week though price moves have been subdued, some comparing current conditions in the banking industry to the start of the rot in August 2007. Most stock indices clung to recent ranges and above August’s lows though India’s Sensex closed under 16,000 today, its lowest weekly close since September 2009, while yesterday the Dax slipped 3.8% in a terrible twenty minutes. Similarly currencies held in tiny ranges inside this month’s established bands, the Turkish liraFri, 26 Aug 2011 14:45:21 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-08-26.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-08-12.htmlOverview The volatility we had warned of very much in evidence, adding yet another layer to financial complexity/stress, some as high as they were around October 2008. The US VIX stock market ‘fear’ gauge hit 48.00%, major stock indices rallying or plummeting by up to 5.00% daily, one-month at-the-money dollar/Swiss implied volatility matched its record 24.00%, and daily moves of up to 7.50% were seen in the Euro/Swiss exchange rate. All of the above, coupled with what we have lived through soFri, 12 Aug 2011 18:33:10 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-08-12.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-08-12.htmlOverview The volatility we had warned of very much in evidence, adding yet another layer to financial complexity/stress, some as high as they were around October 2008. The US VIX stock market ‘fear’ gauge hit 48.00%, major stock indices rallying or plummeting by up to 5.00% daily, one-month at-the-money dollar/Swiss implied volatility matched its record 24.00%, and daily moves of up to 7.50% were seen in the Euro/Swiss exchange rate. All of the above, coupled with what we have lived through soFri, 12 Aug 2011 18:33:10 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-08-12.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-08-05.htmlOverview As if market conditions weren’t bad enough the NYSE/Euronext LIFFE exchange crashed yesterday (meaning the busy Euribor futures couldn’t be traded) and once again several major stock indices weren’t calculated (though the underlying shares were trading). Several instruments were suspended limit down and there was no market what-so-ever for others. Two-way prices are becoming a rarity for some and BNY Mellon will charge interest at 13 basis points on accounts with deposits over $50M:Fri, 05 Aug 2011 14:19:17 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-08-05.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-08-05.htmlOverview As if market conditions weren’t bad enough the NYSE/Euronext LIFFE exchange crashed yesterday (meaning the busy Euribor futures couldn’t be traded) and once again several major stock indices weren’t calculated (though the underlying shares were trading). Several instruments were suspended limit down and there was no market what-so-ever for others. Two-way prices are becoming a rarity for some and BNY Mellon will charge interest at 13 basis points on accounts with deposits over $50M:Fri, 05 Aug 2011 14:19:17 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-08-05.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-07-29.htmlOverview Another busy week of news and numbers as various markets flirt with key chart levels. Eurozone sovereign debt woes continue, finance ministers Schaeuble and France’s Baroin writing in the FT that, ‘the Eurozone summit…prevented [note past tense] Greece’s sovereign debt crisis from becoming a crisis that could damage the Eurozone as a whole, and the Euro as a consequence’. Benchmark ten-year government bond yields in Belgium, Italy and Spain hit new records over Bunds at 183, 338 andFri, 29 Jul 2011 16:19:53 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-07-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-07-29.htmlOverview Another busy week of news and numbers as various markets flirt with key chart levels. Eurozone sovereign debt woes continue, finance ministers Schaeuble and France’s Baroin writing in the FT that, ‘the Eurozone summit…prevented [note past tense] Greece’s sovereign debt crisis from becoming a crisis that could damage the Eurozone as a whole, and the Euro as a consequence’. Benchmark ten-year government bond yields in Belgium, Italy and Spain hit new records over Bunds at 183, 338 andFri, 29 Jul 2011 16:19:53 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-07-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-07-22.htmlOverview Fairly big swings in a variety of instruments as we wait with fingers crossed to see whether the Eurozone and the US will deal with their budget deficits. Yesterday EZ17 leaders came up with another so-called final package for Greece and expanded the scope of the European Financial Stability Facility, which Mr. Sarkozy said would become a ‘European Monetary Fund’. US politicians continue divided along partisan lines. Both sides of the Atlantic probably very happy that the media wasFri, 22 Jul 2011 13:37:00 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-07-22.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-07-22.htmlOverview Fairly big swings in a variety of instruments as we wait with fingers crossed to see whether the Eurozone and the US will deal with their budget deficits. Yesterday EZ17 leaders came up with another so-called final package for Greece and expanded the scope of the European Financial Stability Facility, which Mr. Sarkozy said would become a ‘European Monetary Fund’. US politicians continue divided along partisan lines. Both sides of the Atlantic probably very happy that the media wasFri, 22 Jul 2011 13:37:00 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-07-22.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-07-18.htmlOverview Both sides of the North Atlantic vying for the ‘ugly’ title, US politicians with their entrenched positions on the US budget deficit/debt ceiling while Eurozone sovereign debt is marked down viciously. Benchmark ten-year sovereign spreads over Bunds soared to new record highs, Ireland 1215, Portugal 1075, Spain 365 and Italy 340 basis points (some long-dated paper trading at just 80 to 86 centimes in the Euro), not forgetting Belgium at 175 and France 77. Meanwhile benchmark yieldsMon, 18 Jul 2011 09:27:43 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-07-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-07-18.htmlOverview Both sides of the North Atlantic vying for the ‘ugly’ title, US politicians with their entrenched positions on the US budget deficit/debt ceiling while Eurozone sovereign debt is marked down viciously. Benchmark ten-year sovereign spreads over Bunds soared to new record highs, Ireland 1215, Portugal 1075, Spain 365 and Italy 340 basis points (some long-dated paper trading at just 80 to 86 centimes in the Euro), not forgetting Belgium at 175 and France 77. Meanwhile benchmark yieldsMon, 18 Jul 2011 09:27:43 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-07-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-07-08.htmlOverview The eagerly awaited US June employment figures disappointed: Non-Farm Payrolls were up a measly 18K, May’s were revised down to a paltry +25K, Unemployment rose to 9.2% and those out of work for five weeks or less increased by 412K. Average hourly earnings were flat at $22.99, up just 1.9% Y/Y, and the workweek shrank to 34.3 hours. The FX market, which had been extremely quiet, saw the US dollar weaken slightly with Kiwi hitting a new record high at $0.8351 and likewise the SingaporeFri, 08 Jul 2011 15:19:01 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-07-08.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-07-08.htmlOverview The eagerly awaited US June employment figures disappointed: Non-Farm Payrolls were up a measly 18K, May’s were revised down to a paltry +25K, Unemployment rose to 9.2% and those out of work for five weeks or less increased by 412K. Average hourly earnings were flat at $22.99, up just 1.9% Y/Y, and the workweek shrank to 34.3 hours. The FX market, which had been extremely quiet, saw the US dollar weaken slightly with Kiwi hitting a new record high at $0.8351 and likewise the SingaporeFri, 08 Jul 2011 15:19:01 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-07-08.htmlhttp://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-06-27.htmlOverview Eurozone sovereign debt woes have been concentrating minds, peripherals setting new records: ten-year Ireland 978 over Bund (2.853%), Portugal 874, Spain 281, Italy 212, Belgium 129 and France close to record high at 59 basis points. Platitudes and hot air from EU27 leaders meeting in Brussels today and yesterday as they pretend that the latest potential Greek handout and brinksmanship will solve anything. Note to self: apparently only on Wednesday were bankers and insurers called inMon, 27 Jun 2011 08:18:48 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/weekly-market-commentary/2011-06-27.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-06-27.htmlOverview Eurozone sovereign debt woes have been concentrating minds, peripherals setting new records: ten-year Ireland 978 over Bund (2.853%), Portugal 874, Spain 281, Italy 212, Belgium 129 and France close to record high at 59 basis points. Platitudes and hot air from EU27 leaders meeting in Brussels today and yesterday as they pretend that the latest potential Greek handout and brinksmanship will solve anything. Note to self: apparently only on Wednesday were bankers and insurers called inMon, 27 Jun 2011 08:18:48 GMThttp://www.fxstreet.com/fundamental/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/fundamental/market-view/weekly-market-commentary/2011-06-27.html