Euro opens the week lower as Greece step further closer to new election in June. Greek President Papoulias leaders of major parties on Sunday hopping to form a unity government but failed. The discussions would be continued today but political leaders have expressed little optimism for a result. Indeed, far-left ...

Global risk markets tumbled last week as political uncertainty in Greece raised the odds of the country leaving Eurozone. European majors dropped against dollar and yen, with EUR/USD broke below 1.3 psychological level. But Aussie and Kiwi were even weaker on risk aversion. Dollar index broke 80 psychological level and ...

Canadian dollar is trying to rebound against dollar in early US session as data showed stronger than expected growth in the job markets. Net change in employment came in at 58.2k in April versus expectation of 10.0k. Meanwhile, unemployment rate edged slightly up to 7.3%. Meanwhile, headline PPI in US ...

EUR: Traders took any recovery as fresh selling opportunity and euro has slipped again after intra-day brief bounce from 1.2905 to 1.2956, more selling interests from short-term specs and funds are reported at 1.2975-80 and further out at 1.3000 with some stops placed above latter level, however, larger sell orders ...

EUR: The single currency has remained under pressure after meeting renewed selling interests at 1.2979 yesterday and option barrier at 1.2900 is now in focus (related to 1.29-1.34 DNT), stops are reported below 1.2900 but fresh demand from Asian sovereign names should emerge around 1.2860-70 with next barrier seen at ...