21.05.13

Sterling Dips Ahead of Key Inflation Data

Dollar sold off vs majors ahead of key speech by Fed Chairman Wednesday
Sterling eyes key inflation data after posting recovery Monday vs majors
Euro rides dollar weakness to gain nearly a cent in EUR/USD
Gold spike sends precious metal to $1400 per troy ounce

Categories: commodities.

17.05.13

Dollar Rally Continues

Sterling closes out the week positive versus euro but cable suffers
Dollar remains bid versus majors
Single currency continues to be under pressure
South African currency suffers steep losses versus majors

Categories: Market Commentary.

14.05.13

Dollar Rallies on back of US Retail Sales Data

Greenback posts gains after better than expected US retail sales data
Sterling declines versus majors
Eurogroup agrees bailout tranche (€7.5 billion) for Greece
Japanese Yen rallies from lowest level in more than four years

Categories: Market Commentary.

09.05.13

Sterling Finds Support on Speculation BoE will not Increase Monetary Stimulus

Sterling rallies versus dollar on ‘risk on’ move and BoE speculation
Risk on move in currency markets sends US dollar lower
Bank of England expected to leave interest rates and QE unchanged
Euro gains most in 3 weeks versus dollar ahead of Spanish bond auction

Tags: , .
Categories: Market Commentary.

08.05.13

Demands for euro limited on additional QE speculation

Sterling continues to fall versus euro as UK retail sales decline.
Euro volatility is near four-month low as German production shrinks.
Credit Agricole: Dollar poised to rise past 100 yen ‘soon’.
Aussie weakens on China trade report; Kiwi dollar drops.
Categories: Market Commentary.

03.05.13

Draghi Comments Send Euro Lower

Sterling comes close to 18 week high vs euro as ECB cuts rates
ECB cuts key interest rate to record low of 0.5% as recession lingers
UK construction data suprises to the upside to support the pound
Dollar gains against the majors ahead of key nonfarm payrolls data

Categories: Market Commentary.

01.05.13

GBP/USD Posts Monthly Advance on Home Loans Gain

• UK PMI set to be released below neutral 50 mark
• EUR/USD falls from one-week high amid bets on ECB cut
• Dollar drops a fifth day as Fed seen holding easing
• Aussie dollar holds gains on Fed stimulus bets

Categories: Market Commentary.

30.04.13

Italian PM ‘Lete’ Wins Confidence Parliament Vote to Support the Euro

Euro hits highest level in 1 week versus dollar after Italian’s Parliament vote
Equity markets rally and risk appetite grows to send dollar lower
Sterling slips vs euro and dollar,consumer confidence declines in April
Gold set for worst month since 2011

Categories: Market Commentary.

26.04.13

Sterling Hits Multi-Month High Versus Majors as GDP Numbers Impress

UK avoids fall into triple-dip recession after economy expanded by 0.3%
Pound hits 3 month high vs dollar & close to best rate since Feb on euro
Euro falls on release of worse than expected Spanish & French jobs data
Thai Baht falls on speculation of intervention from authorities

Categories: Market Commentary.

25.04.13

Pound Strengthens as UK Seen Skirting Recession

• Pound gains versus euro as BoE extends loan program
• ECB to cut its key interest rate according to major banks
• US durable goods damp export outlook
• CAD weakens on speculation of US economic slowdown

Categories: Market Commentary.