Monthly Archives: April 2012

30.04.12

Sterling at 8 Month High Versus Dollar and 22 Month High Versus Euro

Pound strength continues in currency markets. Euro sold off after Spanish jobs numbers and ahead of Spanish GDP data. US dollar down on speculation consumer spending numbers will be low. Japan’s markets are shut today for a public holiday. For … Continue reading

Categories: Market Commentary.

27.04.12

Sterling Shrugs off Recession Talk as we see 22 Month High Versus Euro.

Strong pound closes out week as we hit 22 month high versus the euro. Dollar drops against sterling as risk appetite increases on equity rally. Spain cut by S + P for second time this year. Yen falls against all … Continue reading

Categories: Market Commentary.

26.04.12

UK in Double-dip Recession as Economy Shrinks

Sterling falters on UK recession. Investor risk taking helps boost euro. Bernanke hints that further easing unlikely. New Zealand keep rates at record low. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

25.04.12

Sterling Falls as UK Officially Enters Technical Recession

The pound took a pounding this morning after worse than expected UK GDP numbers were released. We have now seen the UK fall back into recession as the GDP figures came in at -0.2% from an expected 0.1%. The official … Continue reading

Categories: economics, sterling.

25.04.12

Sterling Rises to Six-Month High on UK Growth Optimism

Sterling tests six month high versus the dollar. Good auction result from the euro land is not enough? Market focus on FOMC meeting, looking for comments on economic growth. For more information see tool bar above, click ‘Market Data’ then … Continue reading

Categories: Market Commentary.

24.04.12

Sterling Gains Versus Majors as Euro Suffers on French & Dutch Government Worries

Sterling builds on gains made versus euro and dollar. French election & Dutch government woes send euro lower. Stock market plunge see’s initial dollar strength on risk appetite fear. Yen rallies versus all 16 major trading counterparties on risk fear. … Continue reading

Categories: Market Commentary.

23.04.12

Policital Uncertainty in Europe to Weigh on Common Currency.

Solid retail sales boost sterling to 20 month high. Euro slips as IMF provides little boost. Dollar drops against main currency rivals. Aussie drops as Producer Prices fall. For more information see tool bar above, click ‘Market Data’ then ‘Market … Continue reading

Categories: Market Commentary.

19.04.12

BoE Posen Sheds his Dovish Feathers

BoE rallies after BoE minutes shows Posen change of heart. Euro trading heavy as Spain weighs. US Existing home sales may lead to dollar gains. Aussie, Kiwi rise on speculation China may easy policy. For more information see tool bar … Continue reading

Categories: Market Commentary.

18.04.12

Sterling Needs to Break Through Key Resistance Levels to Extend Gains

Sterling remains at decent levels ahead of BoE minutes. Spanish bonds seek aids from IMF to avoid bailouts. Dollar weakens on Asian and US stock rallies. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

17.04.12

Euro Finds Support Ahead of Key Spanish Debt Auction

Euro suffers as markets await Spanish bond auction. Risk appetite cools as stocks slide to help greenback. Sterling gives up some gains versus euro but holds 1.21 handle. Hedge funds sell commodity currencies on Chinese data to send rand lower. … Continue reading

Categories: Market Commentary.