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Monthly Archives: July 2012
25.07.12
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
19.07.12
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
17.07.12
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
13.07.12
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
11.07.12
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.
10.07.12
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
06.07.12
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
04.07.12
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.
27.07.12
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