Eurozone

The German economy stands in sharp contrast to the rest of Europe. For example, unemployment, which has been troublesome for many of the other economies in Europe, is approaching its lowest level in 30 years, coming in at 6.7 percent in January. German unemployment has been decreasing steadily for...

On Tuesday, the EUR/USD pair rallied in early morning trading. After headlines broke that suggested that Greece was about to finalize a deal with its creditors, the chart of the currency pair had a notable move, with the euro spiking about 0.50% against the US dollar. The move in the euro makes...

Swiss banking giant UBS AG (NYSE: UBS) announced that its 4th quarter net profit fell 76% to 393 million Swiss francs ($427 million), down from 1.66 billion Swiss francs for the same quarter a year earlier. The result fell well short of the forecast of 737 million Swiss francs in a Reuters poll of...

On Monday, the euro sold off against the US dollar as equity markets pulled back. Even with positive US jobs data on Friday, issues in Greece may have dominated traders' minds. Last year, Eurozone officials were adamant in their rhetoric that Greece would not default; that creditors would see a...

The financial crisis facing the European Union claimed another member country's leader when Romanian Prime Minister Emil Boc announced on Monday his decision to step down. Prime Minister Boc said that he was resigning in order to reduce political and social tension that had been growing after weeks...

Since the financial crisis of 2008, the US dollar has traded on fundamentals far removed from traditional forex trading expectations. Now, with signs of economic turnaround, the dollar may be returning to trade in-line with traditional patterns. On Friday, Nonfarm payrolls for the month of January...

Early Thursday, the US dollar gained marginally against the euro, with the EUR/USD pair dropping about 0.40% in early trading. Comments from Jean-Claude Juncker—the President of the Eurozone—may have been the catalyst that sent the euro trading lower. Juncker characterized the ongoing...

On Monday, the yield on the 5-year Portuguese note spiked. The yield hit a record for the post-euro era of 22.69%. The trade may have been fueled by the turn of events in Greece. The general perception of the market may be to accept Greece's default as a given. Last year, markets appeared...

Over the last two weeks, Greece has been deliberating with private investors to develop a bailout package that may save the country and its people. To the dismay of many investors, Greece has yet to finalize the deal despite claiming that it would do so quickly. Investors should not be surprised,...

Investor, trader, watcher of the market from afar - we are three weeks into 2012 and the European Union is still…the European Union. Greece has not moved to readopt the drachma as a means to devalue its way out of its financial troubles. France and Spain have had relatively successful debt...

On Monday, the EUR/USD pair continued to rally, breaking above the $1.30 level for the first time in weeks. The euro moved higher, possibly on the speculation that the Greek crisis was coming closer to a resolution. Talks have been ongoing between Greece and its creditors to come a deal that would...

On Friday, the Canadian consumer price index printed at less than expected, coming in at negative 0.6% against an anticipated drop of 0.1%. The prior month's CPI reading was an increase of 0.1%. Canada's drop in inflation echoes trends seen around the globe. Although headline inflation in the US...

The US dollar index traded lower early Wednesday, continuing a trend that saw the dollar index fall slightly on Tuesday. The index moved below the $81 price level. The shift in the dollar index may have been caused primarily by gains from the euro against the dollar. The EUR/USD pair rallied...

Rumors are circulating that S&P is planning a widespread downgrade of Eurozone economies in a move that could shake up European economies and spook global markets as a whole. According to unnamed EU sources cited by Dow Jones, S&P could be planning to downgrade "multiple" Eurozone...

One would think a three percent annual growth is no shabby showing on any developed economy. Yet markets are awash with concern today that Germany--also known as the rich uncle in a fiscally challenged European family--exhibited deflated growth for 2011. That that three percent is twice what the...