18.05.12

The Pain in Spain – Euro Tanks Again

Euro takes hit again as Moody’s downgrades Greece.
Spanish Banks downgraded as run on Bankia denied by government.
US currency continues to rally versus majors on safe haven move.
G8 meetings to focus on eurozone debt crisis.

Categories: Market Commentary.

17.05.12

Sterling Falls after BoE Report Raises Talk of More QE

Sterling slips after BoE adds to QE speculation.
Draghi talks of Greek exit.
US Manufacturing to give market direction today.
Aussie, Kiwi dollars rise on bets recent losses excessive.

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Categories: Market Commentary.

16.05.12

Sterling Gains Most against Euro since Financial Crisis

Sterling near 1.2600 against Euro.
Greek concerns continuously drag Euro to new low.
US dollar advances ahead of Fed FOMC minutes.

Categories: Market Commentary.

14.05.12

Euro Suffers on Greek Turmoil

Euro see’s heavy selling pressure on Greek government woes.
Dollar breaks through $1.29 handle versus euro on safe haven move.
Pound looking well supported against single currency.
South African currency falls on safe haven move in currency markets.

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Categories: Market Commentary.

10.05.12

Should I Stay or Should I Go? Clash of Conscience for Greece

Euro remains under huge pressure -Greece and Spain remain an issue
Speculation intensifies on Greece being squeezed out of the euro
Sterling remains at multi-month highs versus the single currency
Spain nationalises Bankia as euro crisis escalates

Categories: Market Commentary.

09.05.12

Sterling Keeps Positions against Euro and Dollar

Sterling remains unchanged despite strong US dollar
Euro weakens further ahead of Greek governors meeting
Dollar and Yen gains on Asian stock loss

Categories: Market Commentary.

04.05.12

May the 4th be with you!

Resilient pound holds firm despite weaker than expected economic data.
ECB leaves interest rates unchanged to give euro initial support.
Dollar gains on majors as safe haven move rallies lower yielding currencies.
We are closed on Monday 7th May for bank holiday.

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Categories: Market Commentary.

03.05.12

UK construction PMIs offer recovery hope.

Sterling rallies on Construction Data.
ECB News set to impact euro today.
Dollar enjoys boost despite disappointing economic data.
Kiwi dollar falls after jobless rate plunges.

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Categories: Market Commentary.

02.05.12

Dollar Strength Halt’s Sterling’s Gains at $1.62

Sterling stops gains against major counterparts on negative fundamentals.
Demand of euro limited ahead of ECB meeting tomorrow.
US dollar gains on manufacturing figure and Fed’s speeches.

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Categories: Market Commentary.

01.05.12

Euro Under Pressure as Spain Slips Back into Recession.

Sterling hits fresh high against euro and dollar.
Risk aversion keep euro bearish.
US Manufacruting PMI may give market direction in quiet day.
Aussie dollar drops after RBA rate cut.

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Categories: Market Commentary.