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Monthly Archives: February 2012
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
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
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
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.
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’.
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
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
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
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
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