There is little doubt that speculative appetites are improving with benchmark equity indexes rallying and the dollar extending its retracement this morning; but there are some unusual developments in this move. Interestingly enough, the commodity-linked currencies have made little progress while EURUSD itself has pushed to new highs. This can be [...]

Given the gloomy outlook for the Euro-Zone, with the risks for a double-dip recession increasing, the EUR/GBP looks poised to push lower over the near-term as the European Central Bank maintains a cautious outlook for the region. However, the exchange rate appears to have carved a short-term bottom around 0.8250, the [...]