03.02.2012 - XTB Market Snapshot
The payrolls report today / GBPUSD – still within the upward channel...

01.02.2012 - XTB Market Snapshot
US recovery losing steam? / EURUSD – H&S on H4...

31.01.2012 - XTB Market Snapshot
It’s Greece… again / EURCHF – 1,20 draws near...

26.01.2012 - XTB Market Snapshot
Fed says: rates well anchored… / …which means...

24.01.2012 - XTB Market Snapshot
How much upside for the euro?

23.01.2012 - XTB Market Snapshot
The end of Fed-driven rally? / Still no deal (on debt swap in Greece) at the eve of the EU summit / The week ahead.

20.01.2012 - XTB Market Snapshot
Mixed data from US… / …weak Chinese PMI… / …and disappointing techs...

19.01.2012 - XTB Market Snapshot
Markets move up following Goldman’s report… / …but debt markets in Europe are far from euphoria / Hot Thursday ahead...

17.01.2012 - XTB Market Snapshot
Asian equities soar following the Chinese GDP...

16.01.2012 - XTB Market Snapshot
S&P cuts ratings… / …and now we wait for Moody’s / The week ahead – Greece first, data and earnings second...

12.01.2012 - XTB Market Snapshot
EURUSD – cuts yes, but later...

09.01.2012 - XTB Market Snapshot
How good is this? / EURUSD – playing on the hopes?

03.01.2012 - XTB Market Snapshot
Equity markets: upbeat ISM? / EURUSD: slightly up, still waiting for the signal...

02.01.2012 - XTB Market Snapshot
US data: solid but not surprising / EURUSD: a pressure will rise / OIL: Iran tests the West...

30.12.2011 - XTB Market Snapshot
A year of disappointments / EURUSD, EURJPY – lows defended...

29.12.2011 - XTB Market Snapshot
The post-Christmas tumble / Precious metals ready for a dive?

23.12.2011 - XTB Market Snapshot
US labor market improves / EURUSD – near resistance, but far from support / Events to watch...

14.12.2011 - XTB Market Snapshot
Fed waits, the dollar gains / Europe hits emerging markets...

09.12.2011 - XTB Market Snapshot
Europe, ECB make a step forwards / EURUSD, equity markets – lost chances...

07.12.2011 - XTB Market Snapshot
Bond markets recover / EURCHF – deflation may push the SNB to act again...

28.11.2011 - XTB Market Snapshot
Europe: tenders, meetings and IMF’s (denied) bazooka / US: the key data ahead...

25.11.2011 - XTB Market Snapshot
Merkel “nein” to Eurobonds, bunds stabilize… / …but other premiums on the rise / EURHUF, EURPLN – Moody’s cut Hungary to junk...

22.11.2011 - XTB Market Snapshot
Supercommittee fails… / ..but rating agencies calm / World Bank positive on Asia...

15.11.2011 - XTB Market Snapshot
Key data today / EURUSD – MS closer than GS...

08.11.2011 - XTB Market Snapshot
Switzerland has deflation / Berlusconi denies resignation, premium rises...

07.11.2011 - XTB Market Snapshot
Papandreou down… / …Berlusconi still fights...

04.11.2011 - XTB Market Snapshot
The Greek novel / ECB cut interest rates...

03.11.2011 - XTB Market Snapshot
Referendum moved to December 4th / The Fed still optimistic on growth / A cut yes, but later.

02.11.2011 - XTB Market Snapshot
Another cold shower from Greece / PMIs leave no doubts...

28.10.2011 - XTB Market Snapshot
Bears pushed to the corner...

21.10.2011 - XTB Market Snapshot
Key decisions postponed? / Surprising rise in the Philly Fed...

20.10.2011 - XTB Market Snapshot
EURUSD, equity markets – time’s running out / AUDUSD – the pair reverses from the resistance.

19.10.2011 - XTB Market Snapshot
EURUSD, equity markets – the Guardian reports about a deal...

18.10.2011 - XTB Market Snapshot
Schaeuble pours cold water / Slower growth in China, disappointing NY Fed.

17.10.2011 - XTB Market Snapshot
One week for Europe...

14.10.2011 - XTB Market Snapshot
EURUSD – ECB warning, market not convinced / Equity markets – Google’s results and the US data.

13.10.2011 - XTB Market Snapshot
EURUSD – so far, so good / Chinese surplus down / AUDUSD – employment above expectations.

12.10.2011 - XTB Market Snapshot
EURUSD, equities – Slovakia, Alcoa disappointed...

11.10.2011 - XTB Market Snapshot
EURUSD, equities – too good to be true? / OIL – Brent moving close to 110 USD again.

10.10.2011 - XTB Market Snapshot
EURUSD – agreement in place, details unknown / US economy – more like 60’s than 80’s.

07.10.2011 - XTB Market Snapshot
Banks to the rescue / OIL, AUDUSD – a rapid rebound.

06.10.2011 - XTB Market Snapshot
Good news from the US economy / EURUSD – Tirchet’s final call.

04.10.2011 - XTB Market Snapshot
EURUSD - Fresh actions, old style / AUDUSD – RBA ready to cut.

03.10.2011 - XTB Market Snapshot
Challenging fourth quarter - Europe / Economic growth / Commodities.

06.09.2011 - XTB market snapshot
European fear – once again / AUDUSD – RBA on hold.

02.09.2011 - XTB market snapshot
US macro: slowing but not crushing / Equity markets – Goldman pessimistic about payrolls / EURCHF – data too good to hit the CHF.

01.09.2011 - XTB market snapshot
ISM may show a contraction / EURCHF – SNB silent, key data from Switzerland.

29.08.2011 - XTB market snapshot
Fed cannot do much to turn around economy / EURCHF – KOF dives, the pair surges / The week ahead – US payrolls, Swiss data.

17.08.2011 - XTB market snapshot
Government instead of euro bonds / Dell disappointed / SNB’s decision / Events to watch – Boa minutes, inflation in UE and USA.

16.08.2011 - XTB market snapshot
EURCHF goes up / ECB buys bonds / German economy is slowing / Events to watch.

12.08.2011 - XTB market snapshot|
First signs of hope / Equities – claims fall below 400k / EURCHF – SNB fully determined / Events to watch – US retail sales.

05.08.2011 - XTB market snapshot
Stock markets crashed / OIL – cheaper, but not cheap enough / Events to watch – US payrolls.

04.08.2011 - XTB market snapshot
SNB woke up… / …BOJ follows… / …will ECB help? / Events to watch – Spanish bond auction, central banks, US claims.

03.08.2011 - XTB market snapshot
Moody’s confirms triple-A but negative outlook weighs / EURCHF – searching for the lows / Events to watch – ADP, ISM services and US fuel inventories.

02.08.2011 - XTB market snapshot
Europe feels pressure again, franc surges / ISM sharply down, slowdown concerns escalate / Events to watch – vote in Senate, US data.

01.08.2011 - XTB market snapshot
Obama announces a deal, votes ahead / The week ahead – key data, central banks.

29.07.2011 - XTB market snapshot
Vote cancelled, stake on the rise / Moody’s on the Spanish rating / Event to watch – GDP, Chicago PMI.

28.07.2011 - XTB market snapshot
A vote today, but the key is in Senate / Beige Book confirms a slowdown / Event to watch – vote in Congress, US claims, Japanese package.

27.07.2011 - XTB market snapshot
Boehner deals with his own party, dollar slides / AUDUSD – Aussie is strongest on record / Event to watch – US orders, fuel inventories and Beige Book.

26.07.2011 - XTB market snapshot
Few signs of a compromise… / …send the dollar lower / Event to watch – GDP in UK, US data.

25.07.2011 - XTB market snapshot
Debt ceiling worries / EURUSD, EURCHF – Italy will test the market / Events to watch – GDP, quarterly results.

22.07.2011 - XTB market snapshot
Solution for the crisis? / USDJPY – the US debt ceiling issue hurts the dollar / Events to watch – German Ifo, US results.

21.07.2011 - XTB market snapshot
Backdoor restructuring? / China is slowing down / Events to watch – the summit, US data, European PMIs.

20.07.2011 - XTB market snapshot
US housing market – out of the woods? / Equity market – Apple surprised again / USDJPY – a stronger impulse required / In the calendar – more earnings, BoE minutes, US data.

19.07.2011 - XTB market snapshot
Equity markets – a promising start of the season / EURUSD, EURCHF – will Merkel arrive? / The week ahead – key results from Wall Street.

18.07.2011 - XTB market snapshot
USDCHF, EURCHF – Swiss franc gains on uncertainties / The week ahead – Europe, debt ceiling talks and quarterly results.

15.07.2011 - XTB market snapshot
EURUSD – stress tests might not help / EURUSD, GBPUSD, AUDUSD – the market overreacted? / Equity markets – Google surprises but agencies hit again / Events to watch – US data, stress tests and Citi.

14.07.2011 - XTB market snapshot
Fed may consider QE3… / …and Moody’s downgrading the US / Silver – getting bullish again / Events to watch – US data and Bernanke part2.

13.07.2011 - XTB market snapshot
EURUSD, EURCHF – Irish junk / Equity markets – stronger Chinese data, weaker from US / Gold – market dreaming about the QE3 / Events to watch – Bernanke in Congress, UK labor market, US fuel inventories.

12.07.2011 - XTB market snapshot
EURUSD, EURCHF – time is running out / Events to watch – UK CPI, US trade balance, Fed minutes and Chinese GDP.

11.07.2011 - XTB market snapshot
The payrolls report disappointed / EURUSD – Italian worries add to euro’s troubles / Events to watch – Ben Bernanke, earnings season, stress tests and the data.

08.07.2011 - XTB market snapshot
ADP met our forecast but bulls overreacted / OIL – back to 120 USD / Events to watch – payrolls report.

07.07.2011 - XTB market snapshot
EURUSD - ECB vs Portugal / ADP above expectations? / Events to watch – ADP, ECB on top of a long list.

06.07.2011 - XTB market snapshot
Prices of oil and copper are rising / EURUSD, EURCHF - Moody's lowers rating of Portugal / Key events – ISM services in the U.S.

05.07.2011 - XTB market snapshot
Another hike in China? / RBA changes the outlook / Events to watch – European PMIs.

04.07.2011 - XTB market snapshot
ISM above expectations… / …but the good news priced in / EURCHF – a strong reversal / Events to watch – awaiting the US labor market data.

01.07.2011 - XTB market snapshot
Hopes from Chicago / Events to watch – ISM index.

30.06.2011 - XTB market snapshot
Markets cheer the austerity plan / Portuguese problem / Events to watch – US data and votes in Greece.

29.06.2011 - XTB market snapshot
EURUSD – aid already priced in / Confidence down but Richmond Fed recoveries / OIL – a retest of a neckline / Events to watch – US fuel data, KOF and Canadian inflation.

28.06.2011 - XTB market snapshot
EURUSD – a debate overshadowed by strikes / DAX30 – German bulls protect their territory / Events to watch – US data and the debate.

22.06.2011 - XTB market snapshot
Vote secured, time for savings / Can the Fed still help markets? / The pound overvalued? / Events to watch – The Fed, BoE’s minutes and fuel inventories.

21.06.2011 - XTB market snapshot
China buys euro debt… / …as investors await a confidence vote in Greece / Events to watch – Greek vote, US home sales, German ZEW.

20.06.2011 - XTB market snapshot
Soft patch continued… / EURUSD – still no aid for Greece / Events to watch – Fed and European indicators.

16.06.2011 - XTB market snapshot
NY Fed slides again… / Oil (finally) reacts / Oil, Greece pull euro sharply lower / Events to watch – US data, Greece.

14.06.2011 - XTB market snapshot
Markets rebound, euro gains / Chinese CPI in line / Events to watch – US data, CPI in UK, Bernanke.

10.06.2011 - XTB market snapshot
Chinese data disappointed / EURUSD – Trichet suggests a hike / DAX30 – bulls defend a support zone / Events to watch – figures from UK, labor market in Canada.

09.06.2011 - XTB market snapshot
AUDUSD – labor market data disappointed / EURUSD – euro waits for the ECB / Events to watch – central banks and US weekly data.

07.06.2011 - XTB market snapshot
Fisher and Plosser against QE3 / Events to watch – Bernanke in the spotlight.

01.06.2011 - XTB market snapshot
More puzzling data… / …but markets remain sanguine / USDJPY – doesn’t look bullish / Events to watch – ADP and ISM, PMIs in Europe.

31.05.2011 - XTB market snapshot
Asia buys equities, euro, ahead of a busy week / EURUSD – wave 5 possible / Events to watch – Conference Board and Chicago PMI in US, flash HICP in the zone.

30.05.2011 - XTB market snapshot
How much of the soft patch? / EURUSD – new deal for Greece? / Events to watch – data from Asia.

26.05.2011 - XTB market snapshot
Equities, euro recover despite mixed data / EURUSD - China wants bailout bonds / Events to watch – US claims, preliminary GDP, Trichet in Berlin.

23.05.2011 - XTB market snapshot
EURUSD – bears are back / Chinese PMI declines / Events to watch – flash PMIs.

19.05.2011 - XTB market snapshot
Fed minutes – exit talks / GBPUSD – more of the downside? / Events to watch – US data, UK retail sales.

18.05.2011 - XTB market snapshot
Soft restructuring… / …and a soft patch / Events to watch – data and minutes in UK, Fed’s minutes in US.

17.05.2011 - XTB market snapshot
Equity markets – some more evidence… / EURUSD – euro rebounding, no changes on the horizon though / Events to watch – Euro-talks, US data and Fed minutes.

16.05.2011 - XTB market snapshot
EURUSD – euro moving lower, peripheries on the watch / Equity markets – sell in May and go away? / Events to watch – Euro-talks, US data and Fed minutes.

13.05.2011 - XTB market snapshot
US data – roughly in line but… / EURUSD, commodities – a battle for 1,4150 / Events to watch – US CPI, flash GDP in the zone.

10.05.2011 - XTB market snapshot
EURUSD – a crushing verdict of S&P / CME raises deposits for futures contracts on oil / Events to watch – Chinese figures.

09.05.2011 - XTB market snapshot
EURUSD – not only a strength of the dollar / Key reports on the commodities markets / Events to watch.

06.05.2011 - XTB market snapshot
Massive selloff on commodities, dollar gains / EURUSD – the pair tests key supports / Events to watch –payrolls anxiously awaited.

04.05.2011 - XTB market snapshot
Profit taking on equities… / …and hesitation on the EURUSD / Soros selling silver? / Events to watch – ADP, ISM services and US fuel inventory data.

27.04.2011 - XTB market snapshot
The Fed’s meeting – key facts / EURUSD, S&P500 – highs ahead of the meeting / Events to watch – Fed, UK’s GDP, orders in US.

21.04.2011 - XTB market snapshot
S&P500 – close to ’11 highs / EURUSD – looking towards 1,50? / Events to watch – German Ifo, sales in UK, US claims and Philly Fed.

20.04.2011 - XTB market snapshot
Some bright results on Wall Street / EURUSD – bears (still) have no fuel / Events to watch – home sales and more earnings reports.

06.04.2011 - XTB market snapshot
Monetary policy in China / EURUSD in the spotlight / Wednesday’s calendar.

04.04.2011 - XTB market snapshot
Unemployment in the USA / Bernanke’s speech / EURUSD between the ECB and Bernanke.

31.03.2011 - XTB market snapshot
ADP report – not surprising but still strong / EURUSD – Gross not liking US Treasuries / GOLD – negative divergence on gold / Events to watch – claims, Chicago PMI.

30.03.2011 - XTB market snapshot
Bullard signaling policy normalization / Equity markets – strong gains in US and Asia / EURUSD – ratings not as bad? / Events to watch – ADP report.

29.03.2011 - XTB market snapshot
Equity markets – Asia gains despite profit taking on Wall Street / USDJPY – on the line (as well…) / Events to watch – Conference Board, figures from UK.

28.03.2011 - XTB market snapshot
Libya, Japan still make headlines… / …yet macro data is back in focus / EURUSD – on the trend line / Events to watch – key figures on Friday.

25.03.2011 - XTB market snapshot
Equity markets – (technical) obstacles removed / EURUSD – Portugal losing rating, but bulls still in the game / Events to watch – Ifo, final US GDP, EU summit and Fed’s Plosser.

24.03.2011 - XTB market snapshot
EURUSD –Portugal w/o government, might ask for aid / DAX30 – struggling with a resistance / Events to watch – US data and EU summit.

22.03.2011 - XTB market snapshot
Equity markets – bullish signals on Wall Street / EURUSD – approaching Nov’10 highs / Events to watch – CPI in UK.

18.03.2011 - XTB market snapshot
USDJPY – G7 steps in, equities gain / OIL – prices rise on Libyan no-fly order / Events to watch – light Friday.

17.03.2011 - XTB market snapshot
Equity markets – a tumble on Wall Street, US evacuates citizens from Japan / USDJPY – sharp gains on yen and franc, Aussie and emergings roiling / Events to watch – US CPI, output and claims.

16.03.2011 - XTB market snapshot
After the Fed – just a tiny step / EURUSD – Moody’s cuts again / Equity markets – a sign of relief / Events to watch – UK labor market US PPI and starts.

14.03.2011 - XTB market snapshot
Nikkei225 – a huge tumble in Japan… / DAX30 – …and a moderate one elsewhere / USDJPY – lessons from Kobe’95 / Events to watch – Fed, inflation data and Spanish bond tenders.

11.03.2011 - XTB market snapshot
Earthquake in Japan and higher CPI in China / S&P500 – the lowest since January / EURUSD – the summit under pressure / Events to watch – US retail sales, PPI in UK.

10.03.2011 - XTB market snapshot
EURUSD – Moody’s cuts Spanish rating / AUDNZD – RBNZ slashes rates, employment decreases in Australia / Events to watch – claims, BoE, Chinese data.

09.03.2011 - XTB market snapshot
EURUSD – Weber turns up the heat / EURUSD – technically still up / Events to watch – German output, US fuel inventories, RBNZ.

08.03.2011 - XTB market snapshot
Copper declines, as Asia faces inflation / OIL and equities – Brent down but WTI up / Events to watch – central bankers.

02.03.2011 - XTB market snapshot
Oil moves up, equities down - again / EURUSD – Bernanke overshadowed by tumbling markets / Events to watch – ADP and fuel inventories.

01.03.2011 - XTB market snapshot
Equity markets – worried no more? / EURUSD – Bernanke in Congress / Events to watch – activity indices, Bernanke and BoC.

25.02.2011 - XTB market snapshot
Equity markets – relief at the end of the week? / EURUSD – market discounting hikes, again / Events to watch – second GDP estimates in US and UK.

23.02.2011 - XTB market snapshot
Equity markets – US markets decline / EURUSD, USDJPY – Treasuries up, dollar down / Events to watch – home sales data, BoE minutes and central bankers.

18.02.2011 - XTB market snapshot
Equity markets – Philly Fed highest since Jan’04 / EURUSD – the market hoped for more / Events to watch – UK sales and central bankers.

17.02.2011 - XTB market snapshot
EURUSD – higher prices and lower output… / …CPI and claims absolutely key for the dollar / USDJPY – close call as well / Events to watch – US data, BB in Congress.

16.02.2011 - XTB market snapshot
EURUSD – sales weaker, yields stalled… / …the dollar needs stronger output and inflation / Events to watch – US data and minutes, labor market and inflation report in UK, US fuel inventory data.

15.02.2011 - XTB market snapshot
Chinese inflation surprisingly low / EURUSD – weaker GDP didn’t help / Events to watch – retail sales in US, CPI in UK.

14.02.2011 - XTB market snapshot
Equity markets – Mubarak gone but upside limited / Inflation data ahead / USDJPY – yet another chance / Events to watch – Chinese figures, BoJ, minutes from RBA.

11.02.2011 - XTB market snapshot
EURUSD – Portuguese spread on the rise / S&P500 – fight at resistances / AUDUSD – employment up; rates? Not necessarily / Warsh leaves the Fed / Events to watch – US trade balance and UM index, UK’s PPI.

10.02.2011 - XTB market snapshot
Bernanke remains (extremely) dovish / EURUSD  – key 1,3750 / TNOTE – successful 10Y tender / Events to watch – BoE, output in UK, claims in US.

07.02.2011 - XTB market snapshot
US labor market - another tricky report / TNOTE – yields clearly up / EURUSD – bulls try to defend 1,3540 / Events to watch – Bernanke, BoE in the spotlight this week.

04.02.2011 - XTB market snapshot
Strong ADP, weak claims – which way will the payrolls go? / EURUSD – euro tumbles on rates / Events to watch – Payrolls in the US and Canada.

03.02.2011 - XTB market snapshot
Euro waits for Trichet and the US data / Strong ADP, cautious reaction / EURUSD – (too) elevated expectations / Events to watch – ECB, claims and activity indices.

02.02.2011 - XTB market snapshot
Equity markets – strong ISM, new highs / EURUSD, USDJPY – weak dollar ahead of the labor market data / Events to watch – ADP report.

31.01.2011 - XTB market snapshot
Solid quarterly data from the US… / …and fear from Africa / EURUSD – the dollar gains on risk aversion / Events to watch – Chinese PMI and RBA.

28.01.2011 - XTB market snapshot
Japan will not join the PIIGS club / Claims up again, hurt the dollar / Events to watch – US GDP.

27.01.2011 - XTB market snapshot
USDJPY – S&P cuts the Japanese rating! / EURUSD  – no surprises / Events to watch – US claims, durables and Microsoft.

24.01.2011 - XTB market snapshot
Central banks at the central stage this week / EURUSD  – still rallying / GOLD  – down despite a weaker dollar / Events to watch – BoJ, Australian CPI and US results.

21.01.2011 - XTB market snapshot
USDJPY – the data helped the dollar / Equity markets  – data, earnings didn’t help much / Events to watch – BoA, Ifo, UK’s retail sales.

20.01.2011 - XTB market snapshot
Mixed data from China / Equity markets  – banks spoiled sentiment / Events to watch – US data, Google and Morgan Stanley.

19.01.2011 - XTB market snapshot
Equity markets  – Apple, IBM do not disappoint / EURUSD  – dollar weaker in Asia / USDJPY  – sentiment doesn’t help / Events to watch – Chinese data and results from banks.

18.01.2011 - XTB market snapshot
Equity markets  – Apple without Jobs / CSJ on the Chinese GDP and credit / EURUSD  – Plosser on monetary policy / Events to watch – data and earnings.

17.01.2011 - XTB market snapshot
Equity markets  – big names release their reports / EURUSD  – 1,3433 too strong / Events to watch – US holiday, Chinese inflation and quarterly results.

14.01.2011 - XTB market snapshot
EURUSD – everything seems to help the euro / US labor market  – a reason to worry? / Events to watch – US data and JP Morgan.

13.01.2011 - XTB market snapshot
Equity markets – tender, earnings season buoys bulls / EURUSD – moderate advances / Events to watch – tenders in Europe, US data, Intel and central banks.

12.01.2011 - XTB market snapshot
EURUSD – could tender help the euro? / OIL – new highs on sentiment but resistance strong / Events to watch – Portuguese tender, Beige Book and fuel inventories.

11.01.2011 - XTB market snapshot
EURUSD – Japan pledging to eurozone’s debt… / EURUSD – …but technical picture still unfavorable for the euro / Events to watch – Greek tender and FOMC speakers.

10.01.2011 - XTB market snapshot
Labor market story – not bad, but… / USDJPY - Payrolls and the forex / EURUSD - Payrolls and the forex (2) / Events to watch – focus on inflation.

04.01.2011 - XTB market snapshot
OIL, COPPER benefit from portfolio changes / ISM up / Wall Street higher… / USDJPY rebounding… / Events to watch – Fed’s minutes and UK’s PMI.

31.12.2010 - XTB market snapshot
Surprisingly strong claims / Weak dollar, weaker euro / Events to watch – activity to get a boost on Monday.

30.12.2010 - XTB market snapshot
Chinese PMI slightly weaker / Yields retreat, exert a pressure on the dollar / Events to watch – US claims and Chicago PMI.

29.12.2010 - XTB market snapshot
USDJPY – currencies discount risks / US data – poor but yields on the rise / Events to watch – Swiss KOF.

28.12.2010 - XTB market snapshot
EURUSD – dollar losing in the Asian trade / USDJPY – mixed data from Japan / Events to watch – Conference Board.

27.12.2010 - XTB market snapshot
China hikes rates / EURUSD – euro gains, faces 1,32 / Events to watch – Japanese package.

22.12.2010 - XTB market snapshot
EURCHF – looking for the bottom / OIL – China allows higher fuel prices / Events to watch – final GDP, home sales, BoE minutes.

21.12.2010 - XTB market snapshot
EURUSD – the dollar declines in Asia / AUDUSD – RBA mildly restrictive / Events to watch – Canadian figures.

17.12.2010 - XTB market snapshot
EURUSD – ratings do not hurt, market awaits Ifo / Equity markets – Congress extends tax-cuts / Events to watch – German Ifo index.

16.12.2010 - XTB market snapshot
EURUSD – euro in troubles, dollar gains / US data, USDJPY – more of the good news / Events to watch – flash PMIs and the final US package.

15.12.2010 - XTB market snapshot
Fed fails to reverse a tide of rising yields / EURUSD – complicated picture / US data – strong sales, higher PPI, how about the CPI? / Events to watch – more data from US.

14.12.2010 - XTB market snapshot
EURUSD – out of declining patterns / Fed to defend QE2 / Events to watch – Fed, US sales and PPI, UK’s CPI .

10.12.2010 - XTB market snapshot
Chinese trade volumes record high, market awaits inflation data / EURUSD – Fitch downgrades Ireland / US labor market – claims offer optimistic picture / Events to watch – US data and Chinese package.

09.12.2010 - XTB market snapshot
Strong data from Australia / USDJPY – US market yields rise again / Events to watch – US claims, BoE, Chinese data.

07.12.2010 - XTB market snapshot
Commodities – new highs on weak US data / EURUSD – Ecofin without new solutions / Events to watch – Irish vote, UK output, Canadian rates.

06.12.2010 - XTB market snapshot
Payrolls report – disappointing but… / Equity markets – remaining calm / EURUSD – dollar sold off after the report / Events to watch – RBA and Ireland.

03.12.2010 - XTB market snapshot
Payrolls report – market awaits strong numbers / Equity markets – S&P500 at ’10 highs / EURUSD – ECB made only short-lived noise / USDJPY – along the US market rates / Events to watch – payrolls reports in US and Canada, ISM services.

02.12.2010 - XTB market snapshot
US labor market around the corner? / EURUSD – looking elsewhere / Events to watch – ECB, claims, Spanish bond auction.

01.12.2010 - XTB market snapshot
Solid data from US and China / Equity markets – still in defense / EURUSD – the first target reached / Events to watch – US data, Portuguese auction.

30.11.2010 - XTB market snapshot
Ireland on the lines, Spain’s targeted / EURUSD – power of the third wave / Euro, Hungary hurt emerging Europe / Events to watch – US Conference Board, BB’s speach.

29.11.2010 - XTB market snapshot
Ireland gets the package… / …which is a good excuse to help the Greeks again / EURUSD – the package didn’t help much / Events to watch – Europe and full US calendar.

25.11.2010 - XTB market snapshot
Equity markets – German train (still) running fast / EURUSD – merely a pause / Events to watch – Thanksgiving day.

24.11.2010 - XTB market snapshot
EURUSD - Record Spanish 10y spread / Fed’s minutes show support for easing measures / Events to watch – Ifo and a range of the US data.

23.11.2010 - XTB market snapshot
Moody’s (back) in action / EURUSD – bears dominate again / Events to watch – European PMIs, US GDP and home sales.

18.11.2010 - GBPUSD - Technical Analysis, D1, H4
In reference to yesterday’s comment concerning the GBPUSD currency pair, the lower bound of the wedge formation (blue lines) as well as the lower bound of the short-term violet downward channel halted the downward movement.

10.11.2010 - XTB market snapshot
Dollar gains across the board / Chinese surplus rises… and so does reserve ratio / Events to watch – US data, Chinese data, UK inflation report

08.11.2010 - XTB market snapshot
Tensions ahead of G20 / EURUSD – dollar gains on the data… / GOLD – Zoellick likes the “Gold standard” / Events to watch – German industrial output.

04.11.2010 - XTB market snapshot
The Fed – decision and implications / EURUSD – along the waves / USDJPY – still around lows / DJIA – testing the highs / Events to watch – BoE, EBC and claims.

25.10.2010 - XTB market snapshot
The dollar’s slide continues after G20 prelude / Equity markets – too good to fail / Events to watch – US GDP, more earnings and BB.

20.10.2010 - XTB market snapshot
Equity markets – China hurts markets with a hike / EURUSD – dollar gains on the Chinese move / Events to watch – banking earnings, Chinese data.

19.10.2010 - XTB market snapshot
Equity markets – investors sell on solid results / EURUSD – H&S? / Events to watch – results, housing market and BoC.

18.10.2010 - XTB market snapshot
BB plays with fire… / …and holds the strings to EURUSD / Events to watch – US output and earnings.

15.10.2010 - XTB market snapshot
Equity markets – Google surges on strong report / Dollar per dollar / Events to watch – US data and Bernanke.

EURUSD – Technical Analysis, Monthly, D1
EURUSD continues ride after breaking aggressive (blue) downtrend line – a similar story to that from early 2009. Key resistance on a monthly timeframe, is at an upper bound of a large long-term (black) downward channel with Fibonacci retracement 78,6% at 1,4445. First long term support is at 1,3334 – high from August.

14.10.2010 - XTB market snapshot
Equity markets – results propel bulls, Dow Jones eyes ’10 highs / USDJPY – dollar’s sell-off continues / Events to watch – US data, Google.

13.10.2010 - XTB market snapshot
Equity markets – Intel upbeat, stocks inch up / EURUSD – Minutes reaffirmed expectations for a further expansion / Events to watch – JP Morgan, UK unemployment.

08.10.2010 - XTB market snapshot
Payrolls report – hard to expect an improvement / EURUSD – wave 4 or a profit taking? / Events to watch – employment in US and Canada.

07.10.2010 - XTB market snapshot
Equity markets – ADP lowest since January / AUDUSD – buoyant employment / EURUSD – Fitch didn’t hurt / Events to watch – central banks in Europe, claims in US, Alcoa.

06.10.2010 - Gold, central banks and the OIL bubble
A slight change of the Fed’s statement in September initiated a massive run away from the dollar. Yesterday’s BoJ decision to enter the easing war (basically, BoJ needs to ease more than the super-expansive Fed to ensure higher USDJPY rates) only fueled a search for alternatives to the dollar and the yen.

06.10.2010 - XTB market snapshot
EURUSD, EURJPY – euro gains on the easing war / Equity markets – ISM helps but it’s mostly central banks / Events to watch – ADP, US fuel inventories.

05.10.2010 - XTB market snapshot
AUDUSD – RBA comfortable with current rates / USDJPY – BoJ cuts rates / Equity markets – downgrades hurt sentiment / Events to watch – ISM services.

04.10.2010 - XTB market snapshot
Soft patch continues with a weaker ISM / EURUSD – market tests 1,3815 / Events to watch – payrolls and central banks.

01.10.2010 - XTB market snapshot
Equity markets – equities losing momentum despite bullish PMI / EURUSD – flirting with resistances / OIL – highest since May / Events to watch – activity indices, UM sentiment index.

29.09.2010 - XTB market snapshot
Solid data from Asia / EURUSD, USDJPY – the dollar still under pressure / Events to watch – KOF, more data from Asia.

28.09.2010 - XTB market snapshot
Equity markets – Sentiment remains sluggish / AUDUSD – time for profit-taking? / Events to watch – Conference Board, Case-Shiller, UK final GDP.

27.09.2010 - XTB market snapshot
US500, DE30 – Ifo, durables, propel a rally / EURUSD – half-way recovered / Events to watch – Conference Board, ISM, Japanese data.

24.09.2010 - XTB market snapshot
DE30, EURUSD – warning signals from Europe / USDJPY – BoJ back in action / Events to watch – Ifo, durables, new home sales.

23.09.2010 - XTB market snapshot
EURGBP – Bank of England considering a further expansion / EURUSD – highest in 5 months / Events to watch – claims, used home sales.

22.09.2010 - XTB market snapshot
Fed – “inflation mandate” reignites deflation talks / EURUSD – Augusts’ high within reach / USDJPY – limited gains of the yen / Equities – a moderate optimism / Events to watch – BoE minutes.

21.09.2010 - XTB market snapshot
EURCHF, EURUSD – Ireland places bonds, Greece and Spain - bills / Fed – changes more likely in November / Events to watch – Fed and housing data.

20.09.2010 - XTB market snapshot
USDJPY – Fed may provide an impulse / EURCHF, EURUSD – Irish speculations / Events to watch – RBA minutes kick start the calendar this week.

17.09.2010 - XTB market snapshot
EURCHF, EURUSD  – SNB buoys euro / US macro – mixed data but stocks rally / USDJPY – 85,93 plays a key role / Events to watch – CPI and UM index in the US.

16.09.2010 - XTB market snapshot
US macro – NY Fed lowest in more than a year / USDJPY – so far so good / EURUSD – waiting for an impulse / Events to watch – US claims, Philly Fed and PPI, UK sales, SNB statement.

15.09.2010 - XTB market snapshot
USDJPY – Japanese intervene on the fx / EURUSD – up despite a downbeat data / GOLD – fresh historical highs / Events to watch – US output and activity, UK labor market.

14.09.2010 - XTB market snapshot
EURUSD – Basel helps euro and equities / USDJPY – Kan remains a PM / Events to watch – US sales, UK inflation, German ZEW.

10.09.2010 - XTB market snapshot
Equities – US data didn’t help / USDJPY – now its gov’s try / GOLD – falling star on a daily / Events to watch – Canadian payrolls and Chinese mystery.

09.09.2010 - XTB market snapshot
AUDUSD – buoyant labor market helps Aussie / USDCAD – BoC, PMI strengthen Loonie / Events to watch – claims, trade balance and BoE.

08.09.2010 - XTB market snapshot
USDJPY – verbal interventions (won’t make things better for the yen) / EURCHF – new historical lows / EURUSD – rebound from supports / Events to watch – output in Europe, rates and data in Canada, Beige Book and Australian employment.

07.09.2010 - XTB market snapshot
AUDUSD – RBA on hold, Labor party forms government / USDJPY – BoJ coldblooded / EURUSD – 1,2920 holds, pair in consolidation / Events to watch – US comeback.

06.09.2010 - XTB market snapshot
Equity markets – contrarians up for the second month? / EURCHF – Second weekly hammer / Events to watch – Monetary policy in Asia.

03.09.2010 - XTB market snapshot
Labor market – weak, but to what extent? / EURUSD – ECB turning hawkish / Events to watch – payrolls, ISM services.

02.09.2010 - XTB market snapshot
Equity markets – unexpected rise in the ISM / ADP – warning signals / EURUSD – in a consolidation / Events to watch – claims and central bankers.

01.09.2010 - XTB market snapshot
Equity markets – CB up, good news from Asia / EURCHF – moving lower / Events to watch – ISM, ADP.

31.08.2010 - XTB market snapshot
Global markets – fear of the data / USDJPY – consequences of failed intervention / EURUSD – 1,2588 holds a key / Events to watch – Conference Board, Fed’s minutes, Asian figures.

30.08.2010 - XTB market snapshot
Bernanke pledges to tackle deflation risks / BoJ in action / Week ahead – disappointments possible / Events to watch – US spending and income, Japanese PMI.

26.08.2010 - XTB market snapshot
US macro, US500 – more disappointments but equities hold supports / EURUSD – Ifo complicated a picture / EURCHF – a morning star formation / Events to watch – claims and just claims.

24.08.2010 - XTB market snapshot
No data, key answers / Yen gains, Nikkei on 16 month lows / EURUSD – 1,2730 confirmed / OIL – a decline continues / Events to watch – US home sales, Richmond index.

23.08.2010 - XTB market snapshot
US macro – claims beyond the GDP / EURCHF – The Swiss problem / EURUSD – downward formations / Events to watch – Hoenig today, BB on Friday.

20.08.2010 - XTB market snapshot
US macro – the worst in 2010 / EURUSD – mixed reactions / Events to watch – waiting for a close.

19.08.2010 - XTB market snapshot
BoJ considering further expansion / Crucial reading of weekly claims / Events to watch – claims, Philly Fed, Bullard and UK’s retail sales.

16.08.2010 - XTB market snapshot
Asia nervous after disappointing Japanese GDP / USDJPY – a retest still possible / EURUSD – a chance for a rebound / Events to watch – NY empire.

09.08.2010 - XTB market snapshot
Lackluster labor market didn’t hurt sentiment… / …because investors are looking at the Fed / Events to watch – Fed, sales, Chinese data and European GDP.

04.08.2010 - XTB market snapshot
Fed might continue bond purchases / OIL at the crossroads / Events to watch – back to the labor market.

03.08.2010 - XTB market snapshot
ISM down for the third month… / …but above expectations / EURUSD – above 38,2% retracement / Events to watch – room for a breath.

02.08.2010 - XTB market snapshot
Chicago PMI lifted sentiment, Chinese PMI didn’t hurt / EURUSD – bullish July, what next? / Events to watch – busy week starting with activity, Australian data.

29.07.2010 - XTB market snapshot
Slowdown confirmed / Euro holds up, Aussie may eye correction / Events to watch – claims, Japanese package.

07.07.2010 - XTB market snapshot
Sluggish ISM hits sentiment / EURUSD – failure at 1,2670 / Events to watch – Canadian PMI, Australian employment.

05.07.2010 - XTB market snapshot
A room to take a breath / EURUSD – how much of a rebound? / AUDUSD – domestic data won’t help / Events to watch – US holiday, UK PMI, RBA meeting.

02.07.2010 - XTB market snapshot
Stocks shaky on more bad news from the US… / …while euro rebounds… / …sending gold down / Events to watch – payrolls, payrolls, payrolls.

30.06.2010 - XTB market snapshot
Double dip fears hit Wall Street / EURUSD shows resilience, Swiss franc gains / Events to watch – US ADP, Chinese PMI.

25.06.2010 - XTB market snapshot
US equities – 2010 lows on the horizon / G20 – disagreement won’t help markets / Events to watch – US final GDP, UM index.

24.06.2010 - XTB market snapshot
No impulse, no demand / EURUSD – Fed in no hurry mode, Italy placing bonds / Events to watch – claims, orders.

23.06.2010 - XTB market snapshot
The Fed won’t change the picture much.

22.06.2010 - XTB market snapshot
China: small step, not a leap / EURUSD – will the Ifo tumble? / Events to watch – Ifo, home sales, Spanish bills.

21.06.2010 - XTB market snapshot
China’s move on CNY…or a lack of a move? / EURUSD – two weeks of gains / Stock markets – too sanguine? / Events to watch – Fed and more talks on China

18.06.2010 - XTB market snapshot
Poor activity, more unemployed / Stock markets – bulls attack before the bell / Events to watch – tranquil Friday?

17.06.2010 - XTB market snapshot
Weak residential data / GBPUSD – Osborne announces supervision overhaul / Events to watch – US CPI, claims, Philly Fed, Spanish bonds auction.

16.06.2010 - XTB market snapshot
Half a million of jobs – how many in a private sector? / EURUSD – premiums on the (continuous) rise / Events to watch – payrolls in US and Canada.

10.06.2010 - XTB market snapshot
Good news from Asia / EURUSD – third day of advances / Events to watch – BoE, EBC, claims and more Chinese data.

09.06.2010 - XTB market snapshot
Time for higher rates… in New Zealand / Stock market – another defense of the lows / Events to watch – RBNZ, Beige Book, Portuguese vote.

08.06.2010 - XTB market snapshot
Bernanke remains upbeat / EURUSD – no turnaround yet / GOLD – feasting on troubles / Events to watch – German output.

02.06.2010 - XTB market snapshot
US ISM provided only a short-lived relief for stocks, euro / No reaction to Hatoyama / EURGBP – the lowest in 18 months / Events to watch – Challenger, pending home sales.

28.05.2010 - XTB market snapshot
Zapatero’s bitter success / The US data disappointed but didn’t stop a rebound on equities / Yen down on improved market sentiment, mixed Japanese data / Events to watch – Chicago PMI, UM index.

27.05.2010 - XTB market snapshot
A rift in the Fed’s consensus? / A boost in home sales – temporary? / OIL back above 72 USD per barrel / Events to watch – weekly claims, US GDP.

26.05.2010 - XTB market snapshot
Conference Board highest since March 2008 / EURUSD – a chance for a double-bottom? / Korean government announces fx interventions / Events to watch – US durables and new home sales.

25.05.2010 - XTB market snapshot
Tensions on Korean Peninsula drag stock markets lower / EURUSD – back to the lows / OIL – no longer in the channel / Events to watch – Conference Board, preliminary UK GDP.

24.05.2010 - XTB market snapshot
How much of a rebound? / EURUSD – no hammer, no turnaround? / Events to watch – home sales and Conference Board.

21.05.2010 - XTB market snapshot
US initial claims added to the worries / Euro continues to advance, market speculates about the intervention / BoJ more upbeat but offering more liquidity at the same time / Events to watch – Ifo, Canadian figures.

20.05.2010 - XTB market snapshot
Bulls didn’t like short bans / Euro receives an unexpected lift from the US inflation / Aussie down, breaks out from the consolidation / Events to watch – Philly Fed, claims, BoJ.

18.05.2010 - XTB market snapshot
Markets take a breath but NY Fed worrying / Daily hammer-candle offers a relief for the euro / Aussie down on the RBA minutes / Events to watch – Inflation figures, ZEW, housing market.

17.05.2010 - XTB market snapshot
The 2008 low didn’t stop the freefall on the EURUSD / Stocks down on paper-growth story / Events to watch – US inflation, Ifo index.

14.05.2010 - XTB market snapshot
The euro at 2010 lows despite a rebound on the bond markets / DJIA retreats from a resistance, investors await retail sales figures / Events to watch – US macro package.

13.05.2010 - XTB market snapshot
Dow hits resistance on US exports, bullish IBM / AUD gains on the employment data / Is gold market overextended? / Events to watch – claims, Bernanke’s speech.

12.05.2010 - XTB market snapshot
Cameron at the helm, the pound regaining strength / SEC vague about the collapse, market speculates about the Morgan probe / Events to watch – EMU flash GDP, US trade balance and Australian employment.

11.05.2010 - XTB market snapshot
Reality check: EURUSD heading towards new lows? / Chinese banks keep lending / Brown to resign, the pound under pressure / Events to watch – UK manufacturing output.

10.05.2010 - XTB market snapshot
EMU leaders pull out the biggest guns / Euro rebounds, stocks on the rise / US economy on the recovery path / Events to watch – BoE, China.

07.05.2010 - XTB market snapshot
The day of the tumble / USDJPY sharply down, bounces up from 88,00 / Gold feasts on market fears / Events to watch – earthquake aftermath, payrolls.

05.05.2010 - XTB market snapshot
Spain under pressure, euro at new lows / Stocks deserved a retracement / Events to watch – ADP, ISM and debt auctions.

04.05.2010 - XTB market snapshot
RBA follows China with tightening / Euro down despite a progress towards the Greek aid / ISM lifts rates expectations / Events to watch – preparing for payrolls and UK elections.

29.04.2010 - XTB market snapshot
A tough decision for Germany / Fed stays put / 0,86 provides a solid support for EURGBP / BoJ might reassess economic perspectives / Events to watch - Waiting for Germany.

28.04.2010 - XTB market snapshot
Stocks trapped between results and restructuring fears / EURUSD down to new lows / Emerging currencies under pressure / Events to watch – Anyone noticing the Fed meeting?

26.04.2010 - XTB market snapshot
IMF coordinates aid, WS at new highs
Eurostat was a turning point last week, providing revised (upwards) figures on Greek debt and deficit and forcing  the Greek government to surrender and officially ask for aid from previously negotiated package.

16.04.2010 - XTB market snapshot
If only the US labor market was recovering, the recovery picture would have been complete. But it isn’t. First regional activity measures for April suggest is remains firm, but weekly labor market data are deteriorating again.

01.04.2010 - XTB market snapshot
ADP clearly weak, reaction surprisingly mixed / EURUSD getting an unexpected boost from the European flash CPI / Swiss franc scores another record vs euro / Events to watch – activity and weekly claims.

26.03.2010 - XTB morning remarks
Weekly US initial claims show another sign of improvement, dropping to 442k – the lowest level in 7 weeks and 4th drop in the last 5 weeks. Why is that important?

22.03.2010 - The week ahead – the Fed doesn’t stop the dollar fr...
Despite the sanguine stance of the Fed, the dollar continues to advance versus European currencies. With little help for the euro on the horizon there is a chance for more.

08.03.2010 - The week ahead - Canada and Australia move faster
The US payrolls gave market a breath but the real employment story is taking place in Canada and Australia. In fact, as the euro is still out of fashion, AUD and CAD may be favorites among majors.

01.03.2010 - The week ahead – payrolls crucial for the markets
The first week of each months brings about some key macroeconomic figures from the US. This time, however, the payrolls report might exert above average pressure on the market as investors are worried about a momentum of the recovery.

19.02.2010 - Weekly currency brief – the zloty resists external ...
A week of relief on global stock markets was also a week of stabilization for the Polish zloty. The zloty held firm against the euro despite another plunge in the EURUSD caused partly by a surprise decision of the Fed to lift the discount rate by 25 bp.

08.02.2010 - The week ahead - time for opportunity buying?
The last week brought about a continuation of a selloff on all major markets that is stocks, EURUSD and commodities. Especially a slide on the EURUSD is impressive. The question is – are we going to see a bottoming out?

11.01.2010 - The week ahead - Investors await another pool of De...
The 2010 is about to be a year of recovery – at least that’s the prevailing expectation at the moment. The first week was indeed optimistic, encouraging stock market bulls to charge. Meanwhile, the rally on the dollar stalled on weaker payrolls figures. This week, investors are going to be focused on US macro data to be released on Thursday and Friday.

04.12.2009 - Weekly Currency Report: U.S macro data moves market...
After the previous week’s modest volatility, investors decided to wait for important news that could have been an impulse for market movements. Capital markets remained in an upward trend with the S&P500 index reaching a new yearly high.

30.11.2009 - The week ahead – Dubai leaving a scene for payrolls...
Market’s reaction to last week’s revelations on Dubai brought about a nervous retracement on global markets. A sharp reaction on the gold market – a recent example of ample liquidity on financial markets, was a prelude to what might be in the pipeline. The question is – how soon? A solid portion of macro data may well feed the trend for another while a disappointment on Friday might recall a shadow of Dubai.

20.11.2009 - Weekly Currency Report: Corrective movement on the ...
After weeks of appreciation, the Polish Złoty lost some ground. The depreciation of the local currency can be mainly attributed to the declining EUR/USD, which tumbled from $1.5000 all the way to $1.4840 throughout the course of the week.

13.11.2009 - Weekly Currency Report: Złoty the strongest since m...
Stock markets regained ground and attacked this year’s highs but this past week currencies reacted also to other factors. Last weekend on the G20 meeting, the International Monetary Fund (IMF) stated that the dollar is overvalued, at the same time confirming that the American currency is still the main funding currency for carry trade transactions (those in which we borrow “cheap” currency, buy “expensive” currency and we invest it in stocks).

09.11.2009 - The week ahead - Investors might look back at the d...
After an extremely intensive start of the month, investors are granted a few days of nearly empty calendar. As they look towards new peaks on EURUSD and major stock indices they might take a look back at released data.

06.11.2009 - Zloty flat on the week as global markets recover
The Polish Zloty did was roughly flat in the first week of November and that could be interpreted more as a weakness of the currency rather than a status quo. While the zloty managed to escape a depreciation (on Monday the EURPLN pair hit 4,32 – three months high), it didn’t benefit on the improved conditions on the global markets. Despite weaker than expected labor market data, both EURUSD and major stock indices went clearly up, partly on accommodative stance presented by the Fed. This helped the Zloty to recover previous losses but nothing more than that.

02.11.2009 - The week ahead – ISM, Fed and payrolls
After a bearish end of October investors aren’t left with an empty calendar in the first days of the new month. Actually, the data and events scheduled for this week may decide on the sentiment in a longer perspective.

30.10.2009 - Weekly Currency Report: Corrective movement?
After weeks of increases the markets finally cooled off. Since Monday stock markets declined as investors started to realize their profits and currencies followed that trend. After reaching its yearly high at $1.5063, the EUR/USD tumbled all the way to $1.4680. Thursday’s publication of U.S GDP (annualized, first release) positively surprised investors (3.5% against the 3.2% forecast) and the EUR/USD climbed back to finish the week at $1.4750.

26.10.2009 - The week ahead – Britain under water, how about the...
A couple of months ago early indicators, especially PMI indices pointed to a vital recovery in the British economy. Despite those encouraging signs, Bank of England’s monetary council remained pessimistic and the GDP figures for the 3rd quarter confirm they had a point there. While the British GDP data caused a significant depreciation of the pound, their impact on broader market was marginal. The US GDP advanced release might be a different story.

23.10.2009 - Weekly Currency Report: Złoty remains strong
Stock indices keep reaching new yearly highs and this has great influence on emerging markets’ currencies, like the Polish Złoty. Risk aversion declined and despite worse news from the U.S housing market, optimism is back on the markets.

19.10.2009 - The week ahead – could have been (much) worse
Investors reacted nervously to the announced loss of Bank of America (29 cents per share). What else is on the books of the banking giant (mis)led in the last couple of years by K.Lewis who left the bank in dishonor (and without a salary for this year). However, apart from this disappointment, the last week brought about mostly bullish news, far better than one would anticipate a mere half a year ago.

19.10.2009 - Weekly Currency Report: Złoty strikes back
The season for company’s quarterly publications has started the U.S and is driving the markets. Reported results are better than the market expected (so far Alcoa, JP Morgan Chase, Goldman Sachs, Bank of America or Citigroup) but investors are not reacting enthusiastically as expected. Nevertheless, the EUR/USD is on its quest to new highs. This past week, the major currency pair reached its yearly high at $1.4966 while at the beginning of the week being quoted at $1.47. If capital markets will not suddenly collapse, new yearly highs for the EUR/USD are possible this coming week.

28.09.2009 - The week ahead – politics in the background of impo...
The past weekend was very intensive on the political front. G20 conclusions and German parliamentary elections may have important long term consequences but markets are so far focused on more short term indicators and on this front there is a lot pay attention to.

24.09.2009 - The Fed does not aim at higher rates
The FOMC meeting this week was widely expected not just because it was a month and a half since the previous one. More importantly, it was just a week after the Chairman, Ben Bernanke announced that “the recession in the US economy very likely has ended”. Even if it was just a part of Q&A session after the speech, it could have a pronounced consequences for the US monetary policy and thus for the market. But it did not.

21.09.2009 - The week ahead – Bernanke announced the end of rece...
Investors looking at the markets in the last couple of weeks could have had asked themselves: Could it be any better? The last week was. The trademark of all the good surprises was the Bernanke’s speech last Tuesday. Bernanke was one of many speakers in the first anniversary of the collapse of Lehman Brothers, but among many general remarks investors grasped only this one: the US recession very likely has ended. Now, this is a very strong declaration, unthinkable just couple of months ago. It carries serious consequences for financial markets, even if they speculated in this direction in the last half of the year.

24.08.2009 - The week ahead – can stock markets return to pre-Le...
Despite the pessimistic start, the last week was very good for holders of long position in stocks and stock indices. The major US stock indices reached new highs of this year on strong US macroeconomic data (regional economic activities and used home sales) as well as exceptionally good initial activity readings (PMIs) from the eurozone.

17.08.2009 - The week ahead – the Japanese lost their nerves
The US data reported last week were mixed at best. The retail sales fell in monthly terms, confidence measured by the University of Michigan index slipped for the second month in a row, claims moved a notch higher and only the output data were slightly better than expected.

10.08.2009 - The week ahead – the market senses a hike
Last week the US president suggested that the worst was over when it comes to the recession in the economy. You can discuss with the president, you can discuss with the Noble prize winner Paul Krugman who said over the weekend that the US economy may be just on the brink of the recovery, but you can’t discuss with the data. And those are increasingly optimistic.

03.08.2009 - The week ahead – can the data deliver?
Another week started on a bullish tone, sending the futures on the S&P500 near 1000 points, EURUSD to medium term resistances and GBPUSD highest since early October 2008. Could it be different after an optimistic comment from Alan Greenspan who said during the weekend that the annualized growth rate in the third quarter in the US may not only be positive but as high as 2,5%. Yet the deciding factor for this week is not Greenspan but the US data for July.

19.06.2009 - Currency Weekly Brief
After the Zlotys plunge two weeks ago, the Polish currency  grew in strength against both the US Dollar and the Euro during the week. This occurred even with the weakening of global stock markets, thus increasing aversion to risk. I believe that if the corrective movement on stock markets continues then the Zloty may continue to also weaken in the short term. The EURUSD will have to be also observed as the increase on the EURUSD could aid the strengthening of the Polish currency. 

05.06.2009 - Currency Weekly Brief
This was to be the week of the non-farm payrolls and the EBC’s decision to whether interest rates would be once more decreased in the Euro zone.

01.06.2009 - The week ahead – decisive strikes right at the star...
The first couple of days in any given month are usually very intensive when it comes to scheduled market events like data releases and central banks meetings. The first week of June is no different.

29.05.2009 Weekly Currency Brief
The previous week  was very interesting from the technical point of view. At the beginning we could observe the strengthening of the US currency which brought the EUR/USD to the support level of  1,3790.  This was a good moment for buyers and the market started to recover very quickly with the uptrend coming back dynamically.

25.05.2009 - The Week Ahead – Ifo, North Korea open a relatively...
North Koreans do not allow the Western society to forget about themselves. Their representatives delivered yet another trick – reportedly successful nuclear tests (confirmed by the US geological services). The impact of these revelations has been mostly felt, understandably, on South Korean markets.

22.05.2009 - Currency Weekly Brief
The previous week brought a significant increase on the EURUSD market, which broke the March high on the level of 1.3736, signaling that investors can expect the market to note higher peaks in the upcoming weeks.

15.05.2009 - Weekly Currency Brief: Stabilization of the Złoty?
This past week turned out to be calm on currency markets despite the vast amount of macroeconomic publications being published. After weeks of constant growth, stock markets worldwide got a breather and fell when investors realized their gains.

08.05.2009 - Currency Weekly Brief
The previous week was yet another increase week on the EURUSD market. What is interesting though, is that the increase coincided with better than expected macroeconomic data from the US market, which would usually result in the strengthening of the US Dollar.

04.05.2009 - The week ahead – some positive signals
May started from another bunch of positive data after two bullish months on stock markets and to a significant extent on industrial commodities and emerging currencies. Friday’s ISM industrial activity and consumer sentiment in the US were far above expectations and delivered yet another increases, arming bulls with improving macroeconomic background. This happened on top of recently improved technical picture with S&P500 breaching trough a resistance at 875-880 (albeit not very decisively) and DAX30 above corresponding peaks of 4700. This has opened a perspective to this year’s highs of 941 and 5136 points respectively.

30.04.2009 - Weekly Currency Brief
This was a week of mixed data from the US economy. On one hand better than expected data was generated from the Richmond Manufacturing Index,  Consumer Confidence and unemployment claims. On the other hand it has to be mentioned that the US GDP has been plummeting for the third straight quarter, which has not happened in 35 years, with personal spending and personal income also noting a slight plunge.

24.04.2009 - Weekly Currency Brief: Złoty declines on increased ...
After three consecutive weeks of gains, this past week the polish currency declined in value. Usually, the Złoty follows the EUR/USD trend but this correlation has been broken recently.

20.04.2009 - The week ahead – minimum targets achieved
Friday’s session on Wall Street ended with a (failed so far) test of what is a potential breaking point for the one and half month rally on stock markets, emerging currency markets and selected commodities (especially industrial metals).

17.04.2009 - Weekly Currency Brief
The EURUSD market continued its decrease movement during the previous week falling to as low as 1.30. Breaking the significant support level of 1.3096 signals a possible continuation of the decrease movement during the next week, where the markets minimum target should be 1.2945.

10.04.2009 - Weekly Currency Brief
After the increase movement on the EURUSD two weeks ago, the market noted a significant slump during the last week.

06.04.2009 - The week ahead – Risk appetite spreading further
Markets neglected last week’s dramatic employment reports  and continue a rally amid encouraging comments from Fed’s Bernanke who summed up last week with a speech.

30.03.2009 - The week ahead – More surprises needed
Last week investors were surprised by some better macroeconomic data from the US economy. The data had shown higher sales of homes (both used and new) and a rise in durable orders and further improved market sentiment.

20.03.2009 - Currency Markets Weekly Brief
One of last weeks most significant events was Wednesdays FOMC  meeting, where further steps in the direction of increasing the supply of money in the financial sector were taken.

16.03.2009 - The week ahead – central banks looking for the ammo
This week started from a continuation of good moods initiated by the CEO of Citigroup last week.

09.03.2009 - The week ahead – less data, similar concerns
In comparison to the first week of March, the next few days look calm. Among  crucial data for the market one can list only the US retail sales for February on Thursday (expected to drop by 0,5% MoM, after somewhat surprising rise in January) and perhaps the US trade balance for January released on Friday.

06.03.2009 - Weekly Currency Brief – Stabilization despite adver...
The first week of March was yet another one when the Polish zloty lost against majors like the euro or the dollar. However, looking at the whole picture, it still was a sign of some stabilization.

02.03.2009 - The week ahead - Activity and employment in the spo...
Last month’s activity indicators, notably ISMs in the US, brought some ray of hope to investors that perhaps the recession had it’s bottom at the turn of the year.

13.02.2009 - Currency Weekly Brief
During the last week the US Dollar slightly grew in strength against the Euro, which did not change the markets current outlook. It has to be underlined that this is untypical market behavior, especially with the slump on global stock markets.  This signals that even Secretary of the Treasury Timothy F. Geithners’ speech did not ease investors emotions at this critical time, though the fiscal plan was passed by the Senate.  It is still unknown how toxic assets will be taken over from banks.

10.02.2009 - The week ahead – Eyes on the Congress
Last week brought about a pool of mixed data. At first investors were comforted with better ISM data in both industry and services which along with some indicators of bottoming out in a residential sector helped improving sentiment and contributed to a rebound on major stock markets.

06.02.2009 - Weekly Currency Brief – Peak of the heat?
Last week brought about another major depreciation of the Polish currency. EURPLN started the week from 4,45 and then slid to 4,40 only to shoot up to 4,70 on Wednesday.

30.01.2009 - Weekly Currency Brief
The most significant data during the week was Fridays Advance GDP from the US economy.  Fridays readings was better than analysts anticipated, signaling that at least in the short term there may be a reaction on global stock markets. As the EURUSD market has been recently positively correlated with stock markets, an increase can be expected to the resistance level of 1.3325, giving the market a chance to rebound after the strong plummet since mid December.

23.01.2009 - Weekly Currency Brief - Region under heavy fire
After the “hope bringing” December and a good start of this year investors have been faced with an avalanche of the poor news. First coming from the macroeconomic front, later from companies.

16.01.2009 - Weekly Currency Brief: Continuing weakening of the ...
The Polish Zloty remains weakening since mid-December and there are no sign at the moment that this trend will stop. The situation on equities market worsened forcing investors to retreat from emerging markets associated with more risk. Increased risk aversion this past week caused to eurodollar market to drop all the way to $1.3060 (from $1.3440). On Friday, the situation calmed down and the EUR/USD finished the week at $1.3305.

12.01.2009 - Weekly Currency Brief
Last week delivered significant data with regard to the twelfth consecutive month, where employment has decreased in the crisis driven US economy. According to the non-farm employment change reading, 524 thousand workers lost there work place against an expected loss of 520 thousand.

19.12.2008 - Weekly Currency Brief
The most significant information during the last week has to be the aggressive decrease of interest rates in the US to a level between 0 and 0.25%. This is aimed at the fight against deflation and restoring liquidity on the inter bank market.

12.12.2008 - Weekly Currency Report: Deeper crisis?
This past week lacked important macroeconomic reports so investors focused mostly on news flowing from the United States. The U.S government decided to help the three troubled automakers: Ford, Chrysler and General Motors with $14 billion dollars.

21.11.2008 - Weekly Currency Brief
Last week did not bring a relevant change to currency markets, as the EURUSD market is still strongly correlated with the situation on global stock markets where emotions have been the prime determinant for the last few months. The breaking of the October bottoms by all US indices has affected the strengthening of the US Dollar, which on the other hand was not affected by negative macroeconomic data with the addition of speculations on further rate cuts by the Federal Reserve.

14.11.2008 - Weekly Currency Brief - Imported nervousness
Last week on the Polish forex did not change much, if one can say so about the market going 10% down and then making up for the major chunk of that loss. The mechanisms, however, remained in place.

7.11.2008 - Weekly Currency Brief
The first week of November on the Polish forex started calmly and ended nervously. Initially, the Zloty did not react visibly on the fluctuations of the EURUSD, which is still shaped mostly by the changing moods on the stock markets.

31.10.2008 - Currency Markets Weekly Brief
This was a mixed week for the Polish Zloty, which grew in strength at the beginning of the week, but nearing the end of the week started to lose in value against all major currencies.

24.10.2008 - Currency Markets Weekly Brief
Volatility and panic are the words of the week as to the current situation on global currency  markets. The Polish zloty weakened against the US Dollar from the level of 2.59 to the level of 3.15, and against the Euro from the level of 3.51 to the level of 3.98.

17.10.2008 - Weekly Currency Report: The U.S still decides
Despite plenty of macroeconomic publications,  during the previous week revelead more news regarding the never-ending crisis of the banking sector.

10.10.2008 - Currency Markets Weekly Brief
Rollercoaster – one word that accurately describes last week's events on global currency markets. Though the financial crisis has been mainly observed on stock markets, where the prime problem is investors trust towards financial markets, currency markets have also been clearly affected.

03.10.2008 - Currency Weekly Brief – Adam Narczewski
Markets have not been so nervous since a very long time. Volatility on many currencies increased to over 20% during one week!

26.09.2008 - Currency Weekly Brief – Adam Narczewski
The main topic at the beginning of this past week was the electrifying news that the U.S government plans to spend $700 billion to save the tumbling financial market. After the information leaked to the public, the EUR/USD reached its weekly high at $1.4865, being at the same time an important resistance level.

12.09.2008 - Currency markets weekly brief – Adam Narczewski
This past week currencies reacted to spectacular events instead of macroeconomic data. Last weekend, the U.S government announced that it will nationalize Fannie Mae and Freddie Mac, two of the largest institutions specializing in mortgages. The information was a positive kicker for the U.S dollar, which remained gaining till it reached $1.3881 against the euro. A correction movement on Friday, after lower than expected PPI inflation publication, lifted the Eurodollar to $1.4105.

08.09.2008 - Currency Weekly Brief – Adam Narczewski
This past week volatility increased on currency markets. Investors were anxiously waiting for the European Central Bank’s (ECB) and Bank of England’s (BoE) decision regarding interest rates.

29.08.2008 - Currency Markets Weekly Brief
This was to be an exciting week on currency markets with lots of significant macroeconomic data being published. Most of the published data from the US economy seemed positive enough for the US Dollar to continue its appreciation.

08.08.2008 - Currency Weekly Brief
Last week in spite of lots of significant fundamental data, the market was totally dominated by the ECB’s decision with regard to interest rates in the Euro Zone and the press conference of the ECB’s chairman - Jean-Claude Trichet.

25.07.2008 - Weekly Currency Report: EURPLN reaches all-time low
This past week lacked important macroeconomic information so local currencies followed the Eurodollar market. What was decisive were quarterly reports published by American companies and those were mostly worse than expected (Wachovia, Apple, Texas Instruments).

18.07.2008 - Currency Weekly Brief
The moment investors were waiting on finally happened. The Eurodollar reached a new all-time high at 1.6039 on Tuesday. There was no clear impulse for such strong action.

15.07.2008 - EURUSD reaches all-time high
Unexpectedly today the Eurodollar established a new historic record. Before noon the major currency pair in the world reached 1.6036. The previous all-time high at 1.6015 was reached this past April.

04.07.2008 - Currency Markets Weekly Brief
This has been a very exciting week on financial markets, with lots of significant macroeconomic data being published; most importantly the always awaited payrolls and the ECB’s decision with regard to interest rates.

30.06.2008 - Economic Weekly Outlook-U.S unemployment and ECB’s ...
The upcoming week will decide on the direction of the main currency pair in the world – the Eurodollar. The news investors are waiting for will be published on Thursday.

27.06.2008 - Currency Markets Weekly Brief
This was to be the week of interest rate statements. Both the Monetary Policy Council and the Federal Reserve were to determine whether rates would be increased or not. Starting with the Monetary Policy Council, expectations concerned a 25 basis point hike and the Council did not surprise investors with this decision by increasing rates to the level of 6%. This decision had a strong influence on the Polish currency which increased in value against both the Euro and the US Dollar during the week.  It has to be also highlighted that rates should continue to increase during the year even to the level of 6.75%, which is mainly determined by the volatile situation on the Polish labor market, together with the rocketing prices of energy.

20.06.2008 - Weekly Currency Report
Due to the lack of other important macroeconomic reports this past week, investors focused on inflation data and possible future monetary policy of major central banks – the ECB and the Fed. CPI in the Euro zone exceeded analysts’ forecasts and reached 3.7% on a yearly basis. Despite increasing inflation in the U.S (confirmed by Tuesday’s PPI publication), the market expects the ECB to make the first move and hike interest rates. The EUR/USD reacted to those speculations by increasing from $1.5360 all the way to $1.5605 throughout the course of the week.

13.06.2008 - Weekly Currency Report: Dollar strikes back
Last  week showed that sentiment towards the dollar is still strong. Speeches given by Fed’s Chairman, Ben Bernanke, were interpreted as “hawkish” causing the eurodollar to drop from $1.5825 all the way to $1.5320 throughout the course of the week.

06.06.2008 - Weekly Forex Update
Currency markets showed lots of uncertainty during the week with yo-yo movements, determined mainly by significant macroeconomic data, headed by the speeches of the presidents of central banks and the ever awaited non-farm payrolls.

30.05.2008 - Currency Markets Weekly Brief
Investors encountered just another week with a further slump on the EURUSD market. Macroeconomic data from the US market surprised investors with better than expected readings on new home sales which increased by 526 thousand against an expected increase by 522 thousand. Though the increase was slightly more than expected investors do have the tendency to react more emotionally when positive data is published from the ailing real-estate market.

23.05.2008 - Weekly Currency Report
This past week was not good for the Polish currency. The Złoty lost ground against all the majors besides the American dollar, which performed even worse.

21.05.2008 - The EUR/USD situation
The Eurodollar reacted very strong to the Ifo Institute Index, which increased to 103.5 points in May from 102.4 points in April (which by the way was the lowest reading since January of 2006 when it was at 101.9). The reading is much better than expectations since analysts forecasted a drop to 102 points.

16.05.2008 - Weekly Currency Brief
Currency markets are pretty volatile recently and it was no different this past week. These big swings were caused by the inflation reports published in the United States, the Euro zone, the UK and Poland.

09.05.2008 - Forex weekly update – Oil scares investors
Last week started in fairly upbeat moods. After slightly better than expected data from the US and overall decent results from the global companies, stock indices were moving up and the dollar gained versus the major currencies.

05.05.2008 - The week ahead – central banks and the trade gap in...
Coming days on financial markets should be considerably calmer than the last week, as the list of macroeconomic reports to be released is much shorter and the most crucial earnings reports are already behind us.

02.05.2008 - Is the US economy in a recovery period?
In the short term yes, and every week will be an answer whether this is just a corrective movement or is the Dollar finally in a strong comeback period.

29.04.2008 - Before the Fed
Investors bite their fingers waiting for the judges to assess their bets. The judges are the GDP and the payrolls data as well as the Fed and the bets are for the dollar to appreciate and the stock markets to rise.

25.04.2008 - Forex Weekly Overview: Psychological resistance spu...
In the last week we witnessed a major change in the sentiment on the forex. After numerous attempts the euro broke through the psychological 1,60 USD level, scoring the new record at 1,6018.

21.04.2008 - The week ahead: still on earning reports
While on the macroeconomic front this week will be much more relaxed, investors still remain focused on earnings reports published by global corporations. Those include today’s Bank of America (expected eps 0,41 USD), tomorrow’s Yahoo (0,09 USD) and AT&T (0,74 USD), Glaxosmithkline and Boeing (1,35) on Wednesday, Microsoft (0,44) and Credit Suisse on Thursday and Ericsson (0,28) on Friday to name only the hottest. Among macroeconomic reports one should stay vigilant before the US homes sales (used on Tuesday and new on Thursday), as well as durable orders (also on Thursday).

18.04.2008 - Forex weekly overview: Hard to believe?
President Jean Claude Trichet would be inconsistent implementing a currency intervention shortly after another set of hawkish statements. Yet it seems hard to believe for financial markets that another wave of euro’s appreciation is possible any soon.

14.04.2008 - The week ahead: inflation and other monthly reports
Retail sales figures for March in the US open what is going to be a really hot week on the macroeconomic front. While the sales (expected to slide by 0,6% m/m) is stalling on the tighter personal budgets, the inflationary threat remains in place and market awaits a rise in both consumer and producer prices (by 0,3% m/m and 0,6% m/m respectively).

11.04.2008 - Forex Weekly Overview: Outlook (still) unclear
In the last week the US dollar lost to all major currencies except the British pound which was under pressure from the BoE’s cut in rates. The dollar lost 0,7% to the euro, 1,7% to the yen and almost 1,5% to the Swiss frank. The outlook – especially on the EURUSD, still remains unclear.

09.04.2008 - Looking for the good news
Markets are relatively calm as we approach the second half of the week. Yesterday’s minutes did not influence nor stocks neither the forex in a significant way.

07.04.2008 - The week ahead: about rates - again
After another set of the weak US macroeconomic data, investors are focusing on a rate outlook again. Although the Fed will not meet this week, market is awaiting minutes from the last meeting, which are about to be published on Tuesday.

04.04.2008 - Forex Weekly Overview: In consolidation
The situation on the EURUSD pair looks really interesting. One could expect that after reaching 1,59 on March 17th, it would be hard for the market to push the euro higher in a effortless manner. Indeed, on Monday 31st the market did try test the maximum and proved unsuccessful. Such an outcome spelled longer consolidation which we may observe for a while. The ceiling lays at 1,59, while a strong line of support is at 1,5350. The pair would be probably heading there if not the payrolls report, which has been weaker again and pushed the pair beyond 1,57. Awkward reaction shows, however, that the market may not be strong enough at the moment to bring new records very soon.

31.03.2008 - The week ahead – Is the US contracting?
This week on the financial markets should be really interesting. As investors look for at least vague symptoms of an improvement in the US economy they will look at this week activity indicators.

28.03.2008 - Forex Weekly Overview - Back to the trend
The appreciation of the dollar did not last long. Higher than anticipated Ifo reading and better results from the German companies reflected a relative strength of the European economy and was a major cause for the appreciation of the euro within the last few days. Still, the resistance at 1,5865 on the EURUSD proved successful and at the end of the week we noticed consolidation instead of new records. There seem to be two options for future developments – both assuming a continuance of the EURUSD long term rising trend. Firstly, one could expect another test of previous heights quite soon. On the other hand, some coordinated intervention on the currency market seems increasingly more probable and therefore the second option anticipates some stabilization – perhaps a similar one to the triangle shaped consolidation from November 2007 to February 2008.

21.03.2008 - Forex Weekly Overview - A week for the dollar
The last week had a clear winner on the forex and it was the US dollar. The US currency gained almost 3% to the euro, 3,5% to the yen, nearly 2% to the British pound and almost 4% to the Swiss frank. There were generally two reasons behind this appreciation. Firstly, the previous appreciation wave of the euro reached 1,59 threshold matching the range of a similar wave in autumn 2007, so some technical correction seemed likely. Secondly, the Fed provided an excuse for such a correction lowering rates “merely” by 75 bp instead of 100 bp expected by the market. However, with the EURUSD hovering slightly above 1,54 at the end of the week and the USDJPY just below 100,00 there are good chances to return to the long term trend of the dollar’s depreciation.

19.03.2008 - After the March Fed’s meeting - just enough
Yesterday the Fed decided to cut all interest rates by 75 bp. After this decision the main rate is at 2,25%, whooping 3 percentage points less then 8 months ago. What’s more, the discount rate (at which commercial banks may borrow directly from Fed) is at a mere 2,5% compared with 6,25% in August 2007. Even though 75 bp is definitely not a moderate adjustment, the markets were somewhat disappointed. The whole havoc around Bear Stearn’s problems and an eventual takeover by its competitor (JP Morgan) pushed market expectations to 100 bp. Therefore a corrective move on the EURUSD and other major currency pairs with the dollar seems understandable. Although a large part of this move has been already reversed, a probability of a slightly deeper correction is now higher. A potentially stronger support on the EURUSD lays around 1,5350.

14.03.2008 - Currency Markets Weekly Brief
This week has been yet another nail to the coffin to the US economy. Though speculators did have a hard time on the EURUSD market with falls reaching the level of 1.5531, it has to be mentioned that the increase trend on this market is far from over.

11.03.2008 - On the verge
A bleak macroeconomic picture of the US economy translated promptly into red arrows on the stock markets around the globe. Despite slightly better data in Europe, markets clearly do not expect a decoupling scenario to materialize.

06.03.2008 - EURUSD at its all-time high. What is next? 1.55?
Sentiment towards the American currency is still declining. Despite decent news from the U.S labor market and economy, the USD kept declining.

06.03.2008 - The US fares poorly, the EMU fares decently and the...
This week’s macroeconomic releases and central banks’ decisions paint a clearer picture of what is going on with economies in the developed world. The US still faces major problems as activity is clearly lacklustre. Although the ISM services rebounded from January’s dramatic reading, both indices (ISM manufacturing and services) are below the 50 points line, signalling contraction. Remarks from the Beige Book and the ADP employment report add to that gloom increasing a probability that the GDP in the first quarter may actually shrink for the first time since the third quarter of 2001. Therefore expectations for future rate cuts are ballooning with the market being already certain of a 75 bp cut in March

04.03.2008 - Currency & Stock Markets Weekly Outlook
The week ahead of us will bring news that investors were waiting for. Not only the U.S labor market reports are on the spotlight, but this week can be called “the week of central banks”.

29.02.2008 - Currency Markets Weekly Brief
A record week on the EURUSD market with the market rocketing to the level of 1.52.

25.02.2008 - Currency & Stock Markets Weekly Outlook
The upcoming week will be rich in macroeconomic publications. The most important will be published of course in the United States, but investors should not underestimate the reports being published in the Euro zone.

22.02.2008 - Weekly Currency Brief
The past week was rather poor in macroeconomic reports but those that were published had a big impact on the currency market. Investors were impatiently waiting for Wednesday’s U.S inflation report. According to it, Core CPI inflation increased to 0.3% on a monthly basis against the forecasted 0.2%.

21.02.2008 - Fed minutes and cut expectations - market sure of a...
Cheaper credit will not solve all the underlying problems of the US economy (actually it may breed as many), but markets like low interest rates. Unsurprisingly then, they reacted with a lot of optimism to the latest Fed’s minutes confirming that a decisive action on the monetary front is needed – even if it will be soon reversed. At this moment, another 50 bp cut on the next meeting (March 18th) looks more than certain, leaving the target rate at a mere 2,5%. Consequently, stock markets moved up and the euro is fighting again to make it above November’s 1,4965 to the dollar.

18.02.2008 - Currency & Stock Markets Weekly Outlook
Last week was rather poor in macroeconomic reports but those that were published moved the markets. The upcoming week can be similar.

15.02.2008 Weekly Currency Brief
The Polish currency remains under a strong influence of the eurodollar market. This past week the American currency lost ground. Due to the lack of important macroeconomic publications, investors focused their attention on Ben Bernanke’s speech in front of the Senate Banking Committee. 

08.02.2008 - Currency Markets Weekly Brief
Once again the week started of calmly awaiting significant data from the Euro Zone on Thursday. Though investors expected interest rates to remain unchanged, they  anticipated what Jean-Claude Trichet, president of the ECB, would say after the decision itself.

06.02.2008 - What does the weak ISM mean?
Yesterday, financial markets where shocked by the ISM non-manufacturing report. Not only was it released one hour before the plan (which in the US is very rare), but it heralded painful contraction.

04.02.2008 - Currency & Stock Markets Weekly Outlook
Last week certainly was nervous to investors. Who could expect the nonfarm payrolls report reading at -17K? The upcoming week will not be as exciting as the previous one, but a couple of important reports will be published.

01.02.2008 - Currency Markets Weekly Brief
Interest rates in Poland increased, by 25 basis points, to the level of 5.25% on Wednesday. What has to be mentioned is the fact that this is the highest level of interest rates since 2005. Analysts forecast a further 25 basis point hike in the first quarter of 2007. This increase did not have much of an impact on the Polish currency, with investors anticipating the Monetary Policy Councils decision. Though this decision did not affect the Polish Zloty, other factors did, such as the 2007 GDP report which pointed to a 6.5% increase during the year and more importantly the dynamic movement of the EURUSD market in the increase trend.

28.01.2008 - Currency and Stock Markets Weekly Outlook
We have a very interesting week ahead of us in the financial world. Various macroeconomic reports will be published that can affect both the currency and equities markets.

25.01.2008 - Weekly Currency Brief
At an unscheduled meeting, the Federal Open Market Committee (FOMC) cut the Fed Funds and Discount rates by 75 basis points. Such decision had a big effect on the currency markets.

23.01.2008 - Technical Analysis: EURUSD in the long term
An ABCD price pattern has been currently forged on the EURUSD market, with the following relations:

22.01.2008 - Currency and Stock Markets Weekly Outlook
The upcoming week will be relatively calm in terms of macroeconomic publications. Those that can affect markets will be published towards the end of the week. Stock markets are performing really poorly since the beginning of the year and investors are waiting for any signs of improvement.

18.01.2008 - Currency Markets Weekly Brief
It seems that after a week of uncertainty, corrective movements on both the USDPLN and EURPLN markets may be over and investors could be expecting the further strengthening of the Polish currency during the next week.

14.01.2008 - Currency and Stock Markets Weekly Outlook
The upcoming week will bring important macroeconomic information that can help the Fed decide on interest rates in the U.S.

11.01.2008 - Weekly Currency Brief: Złoty regains momentum
Expectations for another interest rate cut in the United States caused the EUR/USD to brake the 1.48 barrier. Emerging markets’ currencies, including the Polish Złoty, gained on the weakening dollar.

07.01.2008 - Currency and Stock Markets Weekly Outlook
Investors should be slowly forgetting about the holidays. This upcoming week a bunch of crucial macroeconomic reports will be published that can affect financial markets.

04.01.2008 - Currency Markets Weekly Brief
The first week of the new year on the forex marktes could have been characterized by one word – stabilization. “Could have been” – because Friday changed the situation.

3.1.2008 - USD declines as new year begins
The beginning of the new year can be characterized by one word - uncertainty. Investors do not know what to expect in the next couple of days as macroeconomic forecasts are not good. The year 2008 started with the weakening dollar.

28.12.2007 - Currency Markets Weekly Brief
Despite the Christmas holidays there was activity on the forex markets. Worse-than-expected macroeconomic publications caused  sentiment towards the US dollar to decline.

27.12.2007 - Stock and Currency Markets Weekly Outlook - Sailing...
During the last week of the year markets can be characterized by one word - stable. Investors are waiting for the end of the year and probably markets will move with the start of 2008.

21.12.2007 - Currency Markets Weekly Brief
The last week before Christmas was very calm on the currency markets. The major currency pairs moved in horizontal trends.

17.12.2007 - Currency and Stock Markets Weekly Outlook
Last week’s decision of the FOMC to cut interest rates by 25 basis points caused equities markets to tumble. This week there are a couple of reports that investor will need to pay attention to.

14.12.2007 - Currency Markets Weekly Brief
The Federal Open Market Committee was to be the main driver of market movement this week. It could be easily observed that markets remained calm during the beginning of the week awaiting the Fed’s decision to what should be done with interest rates to help the US economy awaken from the deep crisis it has been in, during most of the year.

13.12.2007 - Good news from the US lift the greenback
The EURUSD declined after news regarding the Producers Price Index (PPI) was published. The major currency pair dropped from 1.4683 to 1.4664.

10.12.2007 - Currency and Stock Markets Weekly Outlook
This upcoming week investors are waiting for one information – the FOMC decision regarding interest rates in the US. The announcement, if it will differ from forecasts, will certainly move the currency and stock markets.

07.12.2007 - Weekly Currency Brief
The Polish Złoty keeps gaining against the major currencies including the American dollar and the Euro despite big swings on the Eurodollar market. This past week can be called the “week of central banks” as many financial institutions (central banks of Canada, Australia, New Zealand, UK and Euro zone) announced the level of interest rates.

03.12.2007 - Currency and Stock Markets Weekly Outlook
The upcoming week can be called the “week of central banks”. Interest rate announcements will be published by central banks all around the world. As usual, investors are impatiently awaiting for the first Friday of the month – the US nonfarm payrolls report.

30.11.2007 - Currency Markets Weekly Brief
Another exciting week for the Zloty coupled with the Monetary Policy Council’s decision to whether rates should be increased once more this year. After incoming data from the beginning of the week, with regard to retail sales, which increased by 19.4% in October against an expected increase by 15.15%, investors had no doubt whether rates would be increased on Wednesday.

30.11.2007 - Possible interest rate cut in the US
During yesterday’s speech, Ben Bernanke said that a  possible economic slowdown in the US might cause the Federal Open Market Committee to lower interest rates.

29.11.2007 - Technical Analysis for EURUSD
After breaking the previous top on the level of 1.4906, I believe that the minimum range of market movement could be 1.5079 or 1.5099. On the other hand I am curious to see how the market will react within the boarders of the psychological barrier of 1.50.

27.11.2007 - Currency and Stock Markets Weekly Outlook
Publications regarding the US housing market will on the spotlight the upcoming week. In Poland investors will get to know the new level of interest rates on Wednesday.

23.11.2007 - Currency Markets Weekly Brief - Zloty still under p...
It is getting more and more tedious to count consecutive historical peaks on EURUSD, not to mention other pairs with the dollar. Investors expected the Fed to become increasingly more inclined to their view of softening economy and a need of interest rate cuts, and the Fed delivered it in minutes published on Tuesday.

19.11.2007 - Stock and Currency Markets Weekly Outlook
The upcoming week will bring us just a couple of interesting macroeconomic publications. Investors will focus on Tuesday’s FOMC minutes from their last meeting.

16.11.2007 - Currency Markets Weekly Brief
The corrective movement on the EURUSD is probably over and investors could be expecting the continuation of the increase trend during the next week. The week started off by the continuation of last weeks corrective movement but stopped at the level of 1.4518. Why?

12.11.2007 - Stock and Currency Markets Weekly Outlook
Last week brought us the decision of central banks regarding interest rates. This week we will get to know the level of inflation in the major economies  in the world.

09.11.2007 - Weekly Currency Brief
Another good week for the Polish Zloty, mainly driven by the rocketing EURUSD market. The EURUSD continued to grow during the week with even George Soros, Alan Greenspan and Warren Buffet confirming their worry regarding the US Dollar and the condition of the US economy.

07.11.2007 - Financial markets reaching new records
Wednesday is bringing new record highs on many financial markets due to the global weakening of the American dollar. The Polish currency is also on the rise. The USDPLN declined to 2.4581, the lowest level in over 12 years.

06.11.2007 - Technical Analysis: End of the corrective movement ...
I believe that the corrective movement on the EURJPY market has come to an end and investors could count on the bulls to reign once more, at least for some time.

06.11.2007 - Currency and Stock Markets Weekly Outlook
The upcoming week is not going to be as exciting as the previous one although there are a couple of interesting macroeconomic publication including the announcements of interest rates in the Euro zone and the United Kingdom.

02.11.2007 - Currency Markets Weekly Brief
Investors have encountered an interesting week on currency markets. The FED cut rates once more by 25 basis points, whilst the Monetary Policy Council in Poland and the Bank of Japan left rates unchanged

31.10.2007 - MPC leaves interest rate in Poland unchanged
The Polish Monetary Policy Council (MPC) kept interest rates in Poland at 4.75%. Such decision was expected by the market.

30.10.2007 - Currency and Stock Markets Weekly Outlook
This week is going to be very important for the currency and equities markets. As usual, the first Friday of the month will bring us the US labor market data. Investors attention will be focused on the interest rate announcement in the US and Poland.

26.10.2007 - Currency Markets Weekly Brief
This past week the Polish currency kept marching to new highs against the euro and the American dollar.The greenback continued to weaken due to worse than expected macroeconomic publications lifting the EUR/USD to new all-time highs. The Polish curreny kept gaining, mainly due to the weakness of the American dollar and good macroeconomic data

19.10.2007 - Currency Markets Weekly Brief
The previous week brought many attraction on the global currency market. Worse than expected macroeconomic data from the US caused the EURUSD to reach a new all-time high. The Polish curreny kept gaining, mainly due to the weakness of the American dollar and good macroeconomic data.

18.10.2007 - EURUSD reaches all-time high
The EURUSD increased today all the way to $1.4308 achieving its highest level in history. The Polish Złoty remains strong.

15.10.2007 - Currency and Stock Markets Weekly Outlook
The upcoming will tell us about the shape of the global economy. Macroeconomic publications that can affect global markets will be published. A couple of reports describing the Polish economy may affect the Złoty and the WIG20.

12.10.2007 - Weekly Currency Brief
Confidence is back on the markets and investors are more willing to take risks. Last week, emerging markets’ currencies gained the most, especially against the weakening American dollar. The Polish currency reached its all-time low against the Swiss franc.

12.10.2007 - Technical Analysis for GBP/JPY
I believe that the GBPJPY market has been a tiresome market for many investors in September and that now the most probable direction on the market is the increase trend.

11.10.2007 - EURUSD breaks 1.42…again
Today in the morning the EURUSD broke the 1.42 barrier. That is the highest level in over a week.

09.10.2007 - Weekly Currency and Stock Markets Outlook
The upcoming week should prove that the global economy is slowly recovering from the US mortgage crisis. Warsaw Stock Exchange’s WIG20 shoot up in the morning to over 3,800.

05.10.2007 - Weekly Currency Brief
During the past week attention of investors was focused on Friday’s US labor market publications and the American dollar. The Polish Złoty weakened, as most currencies, against the American dollar.

01.10.2007 - Stock and Currency Markets Weekly Outlook
The upcoming week will bring important macroeconomic information. The world will be focused on the interest rates announcements by the European Central Bank and the Bank of England, and the US labor market publications. Investors in Poland, since no macro data will be published, will follow worldwide news.

28.09.2007 - Currency Markets Weekly Brief
This was to be the first week of answers, whether confidence and trust would return to the U.S economy. The situation of the Dollar, obviously does have a positive impact on the Zloty,

28.09.2007 - Technical Analysis for GBPJPY
The resistance on 50% (Pic.1) of the decrease trend is becoming more and more tiresome for investors. What has to be mentioned though is that the market is giving signals to breaking this resistance and returning to the increase trend.

24.09.2007 - Stock and Currency Markets Weekly Outlook
The week ahead of us will certainly bring some important macroeconomic publications that can affect the world markets. The Polish WIG 20, which experienced big swings throughout Friday, opened the week at 3,780 on Monday morning.

21.09.2007 - Weekly Currency Brief by Adam Narczewski
The Federal Open Market Committee (FOMC) decided on Tuesday to cut the federal funds rate by 50 basis points to 4.75%. The American dollar tumbled against most of the currencies all around the world. Riskier investments, including the Polish Złoty, advanced.

20.09.2007 - Technical analysis for GBPJPY
After the market had reached the 231.24 level described in yesterdays (19.09.07) analysis, it could be felt that the bears are starting to weaken.

19.09.2007 - Technical Analysis for GBPJPY
The market has become more dynamic in the increase trend, but in the short term I believe there are two eventualities...

18.09.2007 - Technical Analysis for GBPJPY
We are currently encountering a very interesting situation on the GBPJPY market. Why? Due to the fact that we are getting closer to the markets decision to what to do next.

18.09.2007 - FOMC decision on the spotlight
The judgement day has come. Today, the Federal Open Market Committee (FOMC) will decide on the level of interest rates in the United States. The global markets will dance to the music the FOMC will play.

17.09.2007 - Currency and Stock Markets Weekly Outlook
The upcoming week will decide on the near future of the equities and currency global markets. Attention of investors is focused on Tuesday’s US central bank decision regarding the level of interest rates in the US. The WIG20, the Polish blue-chip index, already attacked the 3,648 resistance level to retreat to 3,631.

14.09.2007 - Currency Markets Weekly Brief
After a shocking Friday, with the payrolls surprising investors worldwide, by decreasing for the first time in about ten years, this week started of slowly. The Polish Zloty on the other hand grew in strength against other currencies.

12.09.2007 - Technical Analysis for GBPJPY
The market has currently reached a level rich In market geometry. What does this exactly mean?

10.07.2007 - Stock Markets and Currency Weekly Outlook
The upcoming week will be nervous for investors. Markets around the world are waiting for Fed’s decision regarding interest rates. The Polish WIG 20 dramatically declined after the non-farm payrolls report in the US was published.

07.09.2007 - Currency Markets Weekly Brief
Currency markets started of slowly on Monday, due to Labor day in the U.S and Canada. The Polish Zloty started the off the week weakened against the Euro and the U.S Dollar, due to the increase on the EURUSD market.

05.09.2007 - Technical analysis for GBPJPY
The GBPJPY market has once more, bounced back from the 231.86 level, forming yet another bottom at this level.

04.09.2007 - Daily Currency Brief
Today, currencies were much more volatile than yesterday. Such behavior can partially be explained by the activity of American investors, who were sidelined on Monday due to the Labor Day holiday.

04.09.2007 - Asian stocks decline on Japan’s growth concern
Threat that the Japanese economy, the second-biggest in the world, will slow down caused Asian equities to fall.

03.09.2007 - Daily Currency and Stock Markets Brief
Monday was a rather calm day on both the currencies and equities markets. The lack of activity of American investors due to the Labor Day holiday caused really small movements of the main indices and currency pairs.

03.09.2007 - Weekly Currency and Stock Markets Outlook
The upcoming week should answer some questions regarding the global economy, with special focus on the United States. American investors start the week with a day-off due to the Labor Day holiday.

31.08.2007 - Currency Markets Weekly Brief
The week started of slowly partially, due to the break in London. The Zloty remained relatively stable awaiting more relevant information from the rest of the week.