PIIGS

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

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

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

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

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

US equity markets traded lower on Monday morning, as the US dollar index rallied roughly 1%. Commodities across the board showed weakness—gold dropped below $1670. The US dollar index is a measure of the dollar against a basket of other currencies. Perhaps contributing the most to the index's gain...

On Friday, Eurozone officials will meet at a summit to decide on possible treaty changes affecting the general makeup of the European Union. Market commentators and euro officials alike have built up expectations for the summit, and many may be anticipating a form of a grand bargain that would...

According to various reports, Black Friday 2011 was significantly more successful than Black Friday 2010. The National Retail Federation reports that retail sales jumped 16% from the prior year, and shoppers spent on average roughly $35 more per person. The trend in online retail was even more...

The euro rallied on Monday morning, as the EUR/USD pair spiked above the 1.36 level. News from Europe may have been the primary driving catalyst behind the move. Dexia, one of the continent's largest banks, was partly nationalized on Monday. The country of Belgium agreed to purchase the bank's...

On Tuesday, rumors persisted that China would enter the market for Italian debt, either directly or in the form of acquiring Italian industrial holdings. The move initially provided support for the EUR/USD pair, before the trade reversed when it was reported that the rumors had little merit. News...

The stresses in the Eurozone increased over the weekend, intensifying a crisis that has been raging for months. A Greek default looks increasingly likely, as the willingness of the German public to bail out the PIIGS has deteriorated in recent weeks. On Monday, news broke regarding a possible...

According to the Wall Street Journal, Greece's creditors are expected to release another tranche of money to the debt-ridden country, after the country announced additional taxes to cover a €2 billion shortfall in revenues. You know what? It does not matter. Greece is going to fail soon anyway...

We got news out of Germany this morning that the German constitutional court approved the Euro Financial Stability Fund, and the first Greek bailout. While this was expected, the court did make sure to note that the ruling was tight, which could be a sign for next time that things will not go as...

Greece is still burning, and now there is speculation that we could see Greece leave the Eurozone. There were two headlines this morning that touched on Greece leaving, and what would happen. German Chancellor Angela Merkel was apprised of Greece potentially leaving the Eurozone. Essentially, it...

Huge news out of Bloomberg, especially if it winds up becoming true. According to the New York-based financial publication, European Union regulators may start drafting legislation for a Eurobond to help control the debt crisis, which appears to be spiraling out of control. This is a stark...