Monthly Archives: July 2011

29.07.11

Greenback falters on GDP data & key support levels broken

The dollar has been sold off aggresively this afternoon after weaker than expected US GDP figures were released. There was also a major level broken in USD/CHF as we saw the currency pair go through 80.00. Cable recovered some lost … Continue reading

Categories: dollar, forex.

29.07.11

Market Commentary

Sterling gains versus the euro after Italian bond auction. Spain placed on downgarde review by Moody’s. Dollar continues to rally on safe haven appeal. Aussie, Kiwi dollars decline as vote on US debt ceiling delayed further.

Categories: Market Commentary.

29.07.11

Scorchio in Spain: Euro tumbles

The euro took another body blow this morning after credit rating agency ‘Moodys’ warned Spain that it has been put on review for a potential downgrade. This took the markets off guard and the single currency has fallen through the … Continue reading

Categories: dollar, eurozone, forex, sterling.

28.07.11

UK high street sales drop – surprise surprise

The pound has had a mixed morning against the majors after sterling took full advantage of an under-pressure euro and traded higher, but cable took yet another hit and dived. I think most peeple already new what high street sales … Continue reading

Categories: economics, sterling.

28.07.11

Euro still suffering

The single currency dropped further this morning after German unemployment change data was released as a figure of -11 for July was posted.

Categories: eurozone, fx.

28.07.11

Market Commentary

Euro falls again on speculation sovereign debt crises to spread further. S + P downgrades Greece, Cyprus feels the heat from Moody’s. Sterling falls versus the dollar on weak UK economic data and risk aversion. Dollar makes gains on euro … Continue reading

Categories: Market Commentary.

27.07.11

US Dollar slides as markets home in on US debt worries

The greenback continues to be under pressure from the majors as wrangling amongst US politicians about the state of huge debt levels and the deadline to get something sorted by August 2nd takes the shine off leaving funds in the … Continue reading

Categories: dollar.

27.07.11

Gold shinning brightly

The price of gold hit a record high above $1,625.00 in London this morning, as investors parked their cash in the safe haven commodity as worries over a potential US debt default loomed closer.

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Categories: commodities, dollar.

27.07.11

Fiscal worries hit Cyprus as Moody’s downgrade bonds

Moody’s rating agency has now downgraded Cyprus government bond ratings to Baa1 from A2.

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Categories: economics, eurozone.

27.07.11

Market Commentary

Sterling hits 6-week high vs dollar, gains may be limited. Spain pays a high price at auction. Dollar suffers mixed signals on data and budget debate. Aussie climbs to record high. For further information see tool bar above, then click … Continue reading

Categories: Market Commentary.