The authorities are trying to force the economy back into the shape it was in before the crash. They're preventing it from taking a new, better shape, and preventing the correction from doing its work.

EUR/GBP has sold off quite aggressively this week and I think there is still downside opportunity for this currency pair writes Kathy Lien.

What does it mean when the financial intelligentsia seems to have no idea what is going on? It means they’ve got the wrong idea about the way things work, and probably no incentive to have the right one.

The euro has pressed below the up trendline that originated in 2002, and cuts across the price axis this week at 1.3080.

Now that the euro has hit a 1-year low and is closing in on the psychologically important 1.30 level, you may be wondering how much further can it fall.

Right now, the US Treasury market is out of whack. It’s been going up since 1983. And now investors lend money to the world’s biggest debtor at what are historically very low interest rates. And they do this at a time when that debtor has begun the biggest borrowing and spending spree in history. This is not normal. It’s downright weird.

No matter how solid your setup, human judgment should still be the final determinant of action.

Today we look at a rather remarkable piece of research from the Bank of International Settlements (BIS) on what the fiscal crisis may morph into in the future, how much pain will be needed, and what will happen if various countries stay on their present courses.

A late-week US Nonfarm Payrolls report will likely dominate headlines in the coming week.

Is the euro on track for a fundamental upswing? It may seem absurd to suggest a currency that is facing an internal financial crisis and has summarily been relegated to the lower echelons of growth and interest rate expectations is preparing to mount a charge.