The European Central Bank has decided to cut its interest rate by 25bp to 1.25% instead of the 50bp rate cut expected. This has bullish implications for the euro and bearish implications for European stocks.  As a matter of fact, we saw the EUR/USD spike higher after the rate decision and at one point tested the resistance at 1.35.&nb...

As the week winds down, the markets could be faced with an overwhelming amount of data to digest. This could lead to signficant volatility and sudden price swings. However, there is not the same level of uncertainty as in recent months. From this perspective and following the recent three-week stock market rally from the lows, there co...

The EUR/USD experienced a tremendous rally following the Treasury's plan to spend over a trillion dollars in long-term Treasury debt, mortgage backed securities, and other debt.  The currency pair spiked approximately 700 pips, a tremendous move.  The question posed was whether the move would be sustained.  Quantitative easi...