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Category Archives: Market Commentary
14.05.13
Dollar Rallies on back of US Retail Sales Data
Greenback posts gains after better than expected US retail sales data Sterling declines versus majors Eurogroup agrees bailout tranche (€7.5 billion) for Greece Japanese Yen rallies from lowest level in more than four years
09.05.13
Sterling Finds Support on Speculation BoE will not Increase Monetary Stimulus
Sterling rallies versus dollar on ‘risk on’ move and BoE speculation Risk on move in currency markets sends US dollar lower Bank of England expected to leave interest rates and QE unchanged Euro gains most in 3 weeks versus dollar … Continue reading
08.05.13
Demands for euro limited on additional QE speculation
Sterling continues to fall versus euro as UK retail sales decline. Euro volatility is near four-month low as German production shrinks. Credit Agricole: Dollar poised to rise past 100 yen ‘soon’. Aussie weakens on China trade report; Kiwi dollar drops.
03.05.13
Draghi Comments Send Euro Lower
Sterling comes close to 18 week high vs euro as ECB cuts rates ECB cuts key interest rate to record low of 0.5% as recession lingers UK construction data suprises to the upside to support the pound Dollar gains against … Continue reading
01.05.13
GBP/USD Posts Monthly Advance on Home Loans Gain
• UK PMI set to be released below neutral 50 mark • EUR/USD falls from one-week high amid bets on ECB cut • Dollar drops a fifth day as Fed seen holding easing • Aussie dollar holds gains on Fed … Continue reading
30.04.13
Italian PM ‘Lete’ Wins Confidence Parliament Vote to Support the Euro
Euro hits highest level in 1 week versus dollar after Italian’s Parliament vote Equity markets rally and risk appetite grows to send dollar lower Sterling slips vs euro and dollar,consumer confidence declines in April Gold set for worst month since … Continue reading
26.04.13
Sterling Hits Multi-Month High Versus Majors as GDP Numbers Impress
UK avoids fall into triple-dip recession after economy expanded by 0.3% Pound hits 3 month high vs dollar & close to best rate since Feb on euro Euro falls on release of worse than expected Spanish & French jobs data … Continue reading
25.04.13
Pound Strengthens as UK Seen Skirting Recession
• Pound gains versus euro as BoE extends loan program • ECB to cut its key interest rate according to major banks • US durable goods damp export outlook • CAD weakens on speculation of US economic slowdown
23.04.13
Pound Focuses on Todays UK Public Finance Data
Sterling shrugs off credit rating downgrade Euro could see further decline on German economic data Risk markets ignore disappointing US data as dollar remains lower Aussie, Kiwi dollars drop on Chinese data
17.05.13
Dollar Rally Continues
Sterling closes out the week positive versus euro but cable suffers Dollar remains bid versus majors Single currency continues to be under pressure South African currency suffers steep losses versus majors