The Next Euro Crisis

The Next Euro Crisis With trade tensions, an Italian government bucking at deficit limits and emerging market currency woes threatening the eurozone, observers will look to the European Central Bank for reassurance Thursday, while policymakers strive to project stability. Since July, when ECB President Mario Draghi proclaimed “confidence” in the outlook for growth and inflation,…

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler After gradually selling-off throughout the week, of course due to the increased fears about global growth and emerging markets, the AUD/USD broke through support at 0.7160 late on Friday, as interest rate traders boosted their bets on further interest rate hikes from the US Federal Reserve after US Non-Farm…