EURUSD hits 1.2667 and equity futures deteriorate further as Moodys warned it will downgrade 21 Spanish banks, Syriza party says will never join pro-bailout coalition and more chatter of Greek bank run. S&P500 eyes 1320 territory, marking the 7% peak-to-trough decline at which buying the dips...

In our April 18 article we warned how April showers, could bring May Bearish Flowers (see here: http://ashraflaidi.com/content/images/articles/SPX%20April%20Apr%2011.JPG_640W.gif) Stocks are now down nearly 7%. In the SP500/VIX ratio chart (also in the article here: ...

UK labor market improves; GBP drops as BoE slashes growth forecast to 0.8% from 1.2%; Eurozone CPI unchanged; German and French bond auctions; gold at key support. Market turns to building permits, housing starts, industrial production, Draghi's speech and FOMC meeting minutes. The Premium gold &...

Last-ditch efforts to form a Greek government failed and an election call is imminent. The move was well-anticipated but the euro fell hard, dropping to 1.2730. Japans tertiary index fell, while Australia Westpac consumer confidence rose but remained below Octobers level. There 6 charts in...

EURUSD 1-month option volatility breaks out of its 8-month trendline resistance, suggesting the fear element of holding euros has ascended beyond its habitual parameters (see chart below). The inverse correlation between EURUSD spot rate and 1-month option volatility (lower-right chart) shows the...

Germany grows faster than anticipated; Eurozone growth flat; German and Eurozone ZEW declined; UK trade deficit unchanged; RBA minutes. Market turns to CPI, retail sales, Empire state manufacturing and business inventories. Monday nights Intermarket Insights include strategies of buying the dips...

Moody;s Downgraded Italian banks, European bond market was in turmoil again on Monday, sending the euro to a four-month low. The pound sterling was the daily top performer while the euro and NZD lagged. The RBA minutes are the highlight of Asia-Pacific trading. Monday nights Intermarket Insights...

The Financial Times' "Short View" column & video discusse Ashraf's take on the mid-month low patterns in EURUSD, shared with Premium subscribers last week. The Column (to appear in Tuesday's issue): http://www.ft.com/cms/s/0/8c38bc2e-9de3-11e1-9a9e-00144feabdc0.html#axzz1uryjF3Ho The video:...

Ashrafs interview on AlArabiya w/ English Synopsis covering, the fundamental issues weighing on Euro instruments as well as on the technical dynamics in S&P500, Dax and EURUSD. http://youtu.be/9npMf5XRxY0 ......

Failed negotiations among Greek political parties suggest another election is the most likely consequence. China cut its reserve requirement by 50 bps, making the 3rd cut over the past 9 months following Fridays disappointing industrial production and retail sales. The best reading on US consumer...