Monthly Archives: February 2012

29.02.12

More Lending to Boost Economy – Risk On!

Sterling benefits from liquidity in the market. Euro advances ahead of LTRO announcement at 10:15. US policy makers keep open option to buy more bonds. Safe havens lose ground as higher-yielding assets gain. For more information see tool bar above, … Continue reading

Categories: Market Commentary.

27.02.12

Single Currency Still Riding High, For Now

Euro star performer in currency markets. Gain in risk appetite drags on dollar. Cable posts 19 day high as investors shun safety of the greenback. Yen heads for steepest monthly drop in two years. Aussie, Kiwi & Canadian dollars all … Continue reading

Categories: Market Commentary.

24.02.12

Euro Closes Out The Week on a High

Euro continues its rally versus majors. Sterling hits two month low against single currency on more QE talk. Better than expected economic data from US and Germany drags on buck. Greek Parliament approves debt deal to help euro trade higher. … Continue reading

Categories: Market Commentary.

23.02.12

Pound Dives on fears More QE on the Cards

Sterling hits 2 month low against euro. Euro zone teetering on brink of recession. US Unemployment Claims may generate volatility today. Yen depreciates to seven month low against dollar. For more information see tool bar above, click ‘Market Data’ then … Continue reading

Categories: Market Commentary.

22.02.12

Sterling Sold off on MPC Split

The European session saw the pound take a hit across the board today after MPC members David Miles and Adam Posen voted for a £75bn boost, reopening the debate on whether the Bank will add further quantitative easing in May.

Categories: currency, economics, sterling.

22.02.12

More Competitiveness Needed for All Nations

Sluggish economic data fails to support the Sterling. Greece receives second bailout and looks for more? Greenback keeps its strong position, climbing above 80 against Yen. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

21.02.12

Greece is Saved, Euro is Secure – Really!

Eurogroup finally sign off the second bailout for Greece. Bailout No 2 see’s Greece target a debt to GDP ratio of 120.5% by 2020. Single currency posts small gains against majors. Sterling stands firm against dollar. For more information see … Continue reading

Categories: Market Commentary.

20.02.12

Greece Bailout Decision Due Today.

Pound rises as UK retail sales beat expectations. Euro ministers circle in on Greek rescue. Greek news set to influence USD today. Aussie, Kiwi dollars gain on Greek deal. For more information see tool bar above, click ‘Market Data’ then … Continue reading

Categories: Market Commentary.

17.02.12

Euro Rises on Optimism Greek deal Will be Reached

The euro strengthened versus the dollar and pound on optimism European officials will agree to provide Greece with funding for a second bailout package. The 17-nation currency rose to a two-month high versus the yen after Italian Prime Minister Mario … Continue reading

Categories: currency market, eurozone.

17.02.12

Race is on to Pass Draft Law by Sunday

Sterling makes strong gains against the euro and dollar. Risk appetite returns to send dollar lower. Greece awaits eurozone verdict. Euro gives up nearly two cents versus sterling since Wednesday. For more information see tool bar above, click ‘Market Data’ … Continue reading

Categories: Market Commentary.