Monthly Archives: June 2012

29.06.12

Spain & Italy Force Merkel into Corner Over Bailout Loan

Euro surge on EU bond support. Dollar slips as risk on mood takes hold. Sterling mixed as GBP/EUR falls but cable trades higher. Commodity currencies rally on EU move. For more information see tool bar above, click ‘Market Data’ then … Continue reading

Categories: Market Commentary.

28.06.12

EU Summit Weighs on Sentiment.

Strong UK retail sales offset by worries about more QE. EU summit to focus on euro zone crisis. Positive US news boosts dollar. Aussie, Kiwi advance for third day on growth outlook. For more information see tool bar above, click … Continue reading

Categories: Market Commentary.

27.06.12

King: UK is five years away from recovery

BoE King concerned UK recovery to be slow Italian bond auctions raise demand of safe havens Merkel and Hollande to meet before EU summit, Euro holds US dollar keeps its strong position on mixed data

Categories: Market Commentary.

26.06.12

‘Eurocalypse’ Edging Closer as Spain & Cyprus Formally Request Bailout.

Moody’s downgrades 28 Spanish banks. Euro pushed lower as Cyprus joins Spain in requesting bailout. Greek Finance Minister quits, Greek PM to ill to attend EU Summit. Sterling ticks higher versus majors as eurozone pressures continue. For more information see … Continue reading

Categories: Market Commentary.

20.06.12

Monetary policies weighs on both Sterling and Dollar

GBPUSD consolidates around 1.5710 ahead of BoE minutes Euro falls slightly; G20 leaders urge Spain make bailout request Dollar might keep bearish on any Fed stimulus Yen and Kiwi dollar slides on sluggish fundamentals

Categories: Market Commentary.

19.06.12

Greek & Spanish Football Teams Progress but their Economies Continue to Slide.

Euro under pressure – markets demand Greek government formed quickly. Spain on brink of global bailout. Sterling benefits from weak euro and possible QE in US. Fed may inject another round of QE this week. For more information see tool … Continue reading

Categories: Market Commentary.

15.06.12

Spanish Football Dazzles but its Economy Falters with 7% Debt Level

Euro steady as investors decide which way to play ahead of Greek vote. Spanish debt breaks 7% level. Greek go to polls on Sunday – risk off move seen. BoE and UK Chancellor announce huge cash injection to help UK … Continue reading

Categories: Market Commentary.

14.06.12

Uncertainty Abounds Ahead of Greek Elections

Sterling seen vulnerable before Greek vote. Italian bond sale expected to create euro volatility. US Core CPI set to impact dollar. Canadian dollar weakens on growth concerns. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

13.06.12

Sterling buoyed by Euro concerns, hitting two-week high

Sterling gains as an alternative option for European investors Euro remains weak position and awaits supportive news Dollar market keeps mute ahead of PPI figure Kiwi dollar reaches two-month high versus greenback

Categories: Market Commentary.

12.06.12

Spanish Bank Bailout Euphoria Lasts One Full Day.

Euro posts losses despite Spanish bank bailout. Sterling halts slide versus dollar. Pound makes full cent gain this week on faltering single currency. Oil extends losses as euro optimism fades. For more information see tool bar above, click ‘Market Data’ … Continue reading

Categories: Market Commentary.