Category Archives: Market Commentary

23.04.14

Pound reaches seven-week high versus euro before Minutes.

• Pound edges higher ahead of announcement • Threats of ECB action keep euro subdued • Dollar pares losses against major currencies • Kiwi rises ahead of possible rate hike

Categories: Market Commentary.

22.04.14

Sterling Hits 7 Week High Vs Euro

Pound strength seen in GBP/USD & GBP/EUR Dollar gains over long weekend amid improving US economic data Rumours of AstraZeneca takeover by US giant Pfizer RBA confirms steady course for interest rates as Aussie pushes higher

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Categories: Market Commentary.

17.04.14

Sterling hits 4-year high as rate hike hopes grow.

• UK unemployment falls to 5 year low of 6.9% • Euro inflation at lowest level since 2009 • Dollar falls as Yellen pledges to support economy • Canadian dollar falls as Central Bank signals slow export growth

Categories: Market Commentary.

15.04.14

Drop in UK Retail Sales Halts Sterling’s Rise

UK retail sales drop in March, hit by late Easter to drag sterling lower Signals from ECB policymakers euro strength is concerning Dollar trades higher versus majors on strong economic data RBA minutes show neutral stance – cash rate to … Continue reading

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Categories: Market Commentary.

14.04.14

Draghi steers ECB towards negative rates.

• Sterling slips on weaker data • Euro down on Draghi’s easing comments • Dollar softer against yen on Ukraine concerns • China concerns weigh on Australian dollar

Categories: Market Commentary.

11.04.14

Euro Makes Gains Against Majors

Bank of England stays the course as UK economy grows EUR/USD hits 3 wk high – funds flow from emerging market currencies Fed minutes continue to weigh on greenback SNB seen sticking with Franc cap through 2014

Categories: Market Commentary.

10.04.14

BoE set to hold record-low interest rates.

• Focus shifts to forward guidance policy • Euro shows resilience against peers • Dollar dragged lower by Fed minutes • Canadian dollar at 3-month high

Categories: Market Commentary.

09.04.14

Sterling Trades Higher on Industrial Output

Sterling strengthens against dollar before FOMC meeting Draghi hunts for QE assets in “Dead” market, Euro rises Dollar rebounds; Traders expect it “to bottom out” Aussie, Kiwi dollars climb after home-loan report

Categories: Market Commentary.

08.04.14

Sterling Trades Higher as UK Services Sector Rises to All Time High

Pound makes gains vs majors as UK service sector exports hit all time high UK Chancellor to claim fresh vindication for his economic plan at IMF visit Dollar slips versus euro and sterling Rand strengthens against dollar, erases decline for … Continue reading

Categories: Market Commentary.

07.04.14

Quiet start to week as focus shifts to FOMC minutes.

• Sterling on weaker run after data • Fundamentals have not yet caught up with euro • Dollar climbs before FOMC minutes • Aussie trades near 4-month high

Categories: Market Commentary.