Monthly Archives: September 2011

30.09.11

Euro under pressure, talk of large euro/sterling transaction

The single currency has seen continued selling pressure this afternoon and given up over a cent versus both the pound and dollar, going through some important technical levels along the way. Earlier today there was talk of a large euro-sterling … Continue reading

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Categories: currency, economics.

30.09.11

Could the yes vote in Germany be short lived for the euro?

Us dollar and yen gain on slowdown concerns. Victory for Merkel in parlimentary vote could prove short lived for the euro. Sterling catches a bid on SNB comment & UK consumer confidence data. New Zealand losses its AAA status as … Continue reading

Categories: Market Commentary.

29.09.11

German ‘Yes’ vote pushes euro higher

Germany voted for more powers and approved the expansion of the bailout fund (EFSF) for stricken euro nations. This gave the single currency a boost versus sterling as EUR/GBP gained 0.4% to hit 0.8717. The euro also posted gains versus … Continue reading

29.09.11

Will Germany throw Greece a lifeline:EFSF vote due

Sterling capped vs dollar, capped by QE speculation. Euro climbs on speculation Germany will pass vote to change bailout fund. Bernenke says unemployment poses a ‘National Crises’. Asian currencies may fall 10% this year. Aussie, Kiwi dollars erase declines as … Continue reading

Categories: Market Commentary.

28.09.11

A sense of calm descends on global markets, but for how long?

Initial euro weakness seen off as perception euro debt crises on mend. Sterling posts impressive gains versus the dollar on risk rally. Equities recover on risk move to push commodity currencies higher. US consumer confidence more or less in line … Continue reading

Categories: Market Commentary.

27.09.11

Stand back from the edge: risk flavoured currencies rise

Sterling posted a two cent gain against the dollar today as global markets liked what they ehard today with regards to sorting out the European debt crises. The ECB announced today that it is ready to offer 12 month liquidity … Continue reading

Categories: dollar, economics, eurozone, sterling.

27.09.11

Can Europe drag itself back from the abyss?

Sterling rises broadly, but vulnerable given QE worries. Euro relieved by EU hopes. Dollar holds two day drop against euro as Asian shares advance. New Zealand dollar decline may reflect commodity price outlook, Key says. For more information see tool … Continue reading

26.09.11

Euro Slumps amid debt concerns

Euro slumps amid concerns before German business report. Speculation emergency 50 basis point interest rate cut by ECB. Dollar and yen gain more than 3% over past week on risk aversion. New Zealand dollar slumps as risk dires up in … Continue reading

Categories: Market Commentary.

23.09.11

Its gangrene, not contagion

Sterling at 1 year low against the dollar as Fed warning hits risk. Euro rallies versus the yen as G-20 pledges ‘coordinated’ response to crises. Dollar marks its strongest two day rally since October 2008. Asian currencies plunge 10 10-month … Continue reading

Categories: Market Commentary.

22.09.11

Batten down the hatches

Global stock markets have seen continued selling pressure as fears about europe’s debt mountain continue to spook investors which has seen safe haven currencies reap the rewards. Better than expected Initial US jobless claims also helped the dollar extend those … Continue reading

Categories: currency, dollar, eurozone.