Category Archives: Market Commentary


Investors on Edge Ahead of Greek Referendum

Strong PMI construction data supports sterling above 1.40 handle Eur/Usd trading in narrow range ahead of weekend’s Greek referendum Fed still on track for September hike, say economists Greek vote looms, investors on tender-hooks

Categories: Market Commentary.


Euro rallies ahead of expected Greek default.

• Sterling hits highest in more than seven years • Euro pushes higher but fundamentals indicate selling • Dollar falls as escalation in Greek crisis raises uncertainty • Aussie dollar holds its nerve

Categories: Market Commentary.


Euro Remains Under Pressure in Key Week for Greece

Sterling remains buoyant vs euro and dollar No breakthrough in late-night talks between Tsipras & key officials Dollar Holds gains as US GDP gets upgrade Gold kicks higher on Greek Impasse

Categories: Market Commentary.


Sterling on the Move as BoE Hawk Says Prepare for Rate Rise

MPC member Martin Weale talks about interest rate rise as early as August Euro weakness as differences remain on Greece plan Dollar mixed as Fed Governor Powell suggest early rate rise Oil turns higher, holding ground above $60

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Categories: Market Commentary.


Sterling Shines as Buoyant UK Economic Data Rallies Pound

• Pound hits 7 month high vs dollar and 2.5 week high vs euro • E/Zone fin-min’s meet today to try to break deadlock over Greece • Dollar weakens as Fed’s Yellen points to gradual rate rises • New Zealand … Continue reading

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Categories: Market Commentary.


Greek woes dominate market sentiment.

• Pound looks to CPI data for direction • Euro falls as debt talks collapse • Dollar treads water as Fed awaited • Rand weakens on Greek talks

Categories: Market Commentary.


S & P Downgrades Greece as Euro Slides

Sterling shrugs off Carney speech Greece PM Tsipras exits summit with little deal progress Strong domestic data needed to push U.S. dollar higher Kiwi falls as New Zealand central bank cuts key interest rate

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Categories: Market Commentary.


Sterling falls as Bund yields creep higher.

• UK Services sector slows • Euro to look past GDP data, focus on Greece news flow • Dollar paring recent gains on day of light data • Rand softer against dollar

Categories: Market Commentary.


Euro Rebounds but Clock Ticking on Greece to Repay IMF

• Sterling suffers against fightback in euro but cable recovers • Markets give euro reprieve as talks intensify between Greece and creditors • Dollar slips as Fed comments point to delay in rate rise till next year • Aussie dollar … Continue reading

Categories: Market Commentary.


Euro/dollar Parity Not Happening?

Pound ends seven day losing streak as Mortgage Approvals surge EUR enjoys best day since mid-March, amid developments in Greece Dollar remains on defensive as Greece hopes buoy euro Kiwi edges higher against weaker greenback; Aussie rises

Categories: Market Commentary.