Monthly Archives: January 2012

31.01.12

Sterling Hits 8 Day High Versus Euro

The pound struck an eight day high against the euro this afternoon as the glow which was shining brightly over the eurozone area has already began to disappear. Optimism the eurozone agreement yesterday is fast wavering and the agreement remains … Continue reading

31.01.12

25 EU States Say ‘Yes’ to Toughen Treaty on Budget Rules

Euro builds on gains vs dollar after hopes raised on Greek PSI talks. 25 out of 27 countries agree budget rules on Eurozone members. Sterling hold’s firm against euro and dollar. Dollar continues slide versus majors on US QE chatter … Continue reading

Categories: Market Commentary.

30.01.12

Greece Expects Debt-Swap deal This Week

Sterling gains against dollar on Greek hopes. Markets anticipate Greek debt swap this week. Dollar weakens on worse than expected GDP data. Aussie, Kiwi slip before Europe summit. For more information see tool bar above, click ‘Market Data’ then ‘Market … Continue reading

Categories: Market Commentary.

27.01.12

Mixed Messages from Greek Debt Talks Keep Currency Markets Volatile.

Mixed messages from Greek debt talks see’s euro remain choppy. Dollar makes back some losses as risk appetite is reduced. Sterling manages to hold firm against majors despite weak retail figures. World finance leaders continue annual forum in Davos, Switzerland.

Categories: Market Commentary.

26.01.12

Bernanke Says More QE Possible

Sterling falls vs euro on weak GDP, QE prospect. Merkel Now Doubts That Greece Can Be Saved. US interest rates to remain low until at least 2014. Switzerland Must Be ‘Vigilant’ on Risks of Franc Limit to Euro, FSB Says. … Continue reading

Categories: Market Commentary.

25.01.12

Sterling Firm Ahead of UK GBP Figure Due Shortly.

Sterling makes gains after better than expected budget deficit figures. Euro remains under pressure as Greek debt talks continue. Greenback still under pressure on gain in risk and ahead of FOMC. Thai Bhat weakens after Bank of Thailand cuts interest … Continue reading

Categories: Market Commentary.

24.01.12

Dollar Falls Ahead of Fed Meeting

Sterling climbs against dollar. Euro halts gains as EU Officials discuss Greek debt swap. Dollar bearish ahead of Fed meeting. Aussie dollar drops on speculation inflation slowing. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

23.01.12

Another Week, Another EU Meeting to Try to Sort Out Debt Crisis.

Greece’s debt talks over the weekend fail to agree solution. Single currency still under pressure ahead of today’s E/Zone fin meeting. Dollar continues to see weakness against majors. Asian markets are closed due to Chinese Lunar New Year Holidays. For … Continue reading

Categories: Market Commentary.

20.01.12

Dollar Slides for a Fourth Day on Rise in Risk Appetite.

Return of risk appetite see’s the dollar sold off against the majors. Euro has a positive end to the week as some losses are clawed back. Cable rallies but remains under the $1.55 handle. Talks continue in Greece to try … Continue reading

Categories: Market Commentary.

19.01.12

Euro rises as IMF gives Europe hope.

Sterling gains on IMF optimism. IMF seeks more funds for Euro crisis. Dollar maintains two day decline on signs of US recovery. Australia job losses cap worst year since 1992. For more information see tool bar above, click ‘Market Data’ … Continue reading

Categories: Market Commentary.