Monthly Archives: July 2012


Whatever it Takes!

ECB President comments ‘whatever it takes’ sends euro higher. Sterling rallies over two cents versus dollar to hit week high. Financial markets await key US GDP data this afternoon. All eyes on London: tonight sees opening ceremony of the London … Continue reading

Categories: Market Commentary.


The Pain in Spain Spreads to Send Euro Lower

Euro continues slide as Spain comes into market focus. Weak equity markets see dollar make gains against majors. Sterling holds firm on euro but risk off sentiment sends cable lower. Spanish 10-year bonds surge to euro-area high of 7.64%. For … Continue reading

Categories: Market Commentary.


Greenback Falls as Risk Appetite Returns

Global markets rise as risk appetite reappears to push dollar lower. Sterling halts slide against US currency and holds firm against euro. UK unemployment unexpectedly falls. Commodities trade higher as oil extends gains, WTI at $90 per barrel. For more … Continue reading

Categories: Market Commentary.


Dollar Weakness on Speculation of more QE by Fed

Sterling continues its march against euro and also rallies versus greenback. Italian banks downgraded to put more pressure on single currency. US dollar down across the board. Aussie dollar gains over sterling and the US currency on RBA minutes. For … Continue reading

Categories: Market Commentary.


Moody’s Downgrade of Italy’s Bond Rating Pushes Euro Lower

Euro falls across the board as Moody’s downgrades Italy. Sterling continues rally versus euro but hits 1 month low versus dollar. US currency benefits as uber safe haven. Spain pushes through €65bn of austerity measures. For more information see tool … Continue reading

Categories: Market Commentary.


Euro Slides Again!

Sterling hits fresh tree-and-half year high vs Euro Euro zone worries bring down single currency Market eyes on Fed minutes for more QE indications Aussie dollar gains on five-month high consumer confidence

Categories: Market Commentary.


Eurogeddon: The Pain in Spain Continues

Euro down again versus majors on Spanish debt woes. Sterling hits 52 month high against single currency. Dollar continues to benefit alongside yen on safe haven move. Eurozone finance ministers continue meeting in Brussels on debt crisis. For more information … Continue reading

Categories: Market Commentary.


Central Bank Action Sends Euro Lower Across the Board

Sterling hits 7 week high versus falling single currency. BoE injects more QE but leaves interest rates on hold. ECB cuts interest rates from 1% to 0.75% as euro falls against majors. PBC cut interest rates for second time in … Continue reading

Categories: Market Commentary.


Sterling trades sideways ahead of BoE meeting

• Sterling kept stable awaiting BoE QE decision. • Euro lost ground on speculations ECB cutting interest rate. • US labor market might continue to be gloomy weighing on Dollar. • Barclay’s ex-CEO Bob Diamond Faces MP’s questioning today.

Categories: Market Commentary.


Euro Suffers on Euro Bailout Fatigue

Euro falls as Holland and Finland break ranks over ESM bailout. Sterling takes advantage on worries over Euro bailout. Barclay’s Chief Executive Bob Diamond Resigns. U.S. manufacturing falls but dollar rallies on safe haven move. For more information see tool … Continue reading

Categories: Market Commentary.