Category Archives: Market Commentary

29.07.14

Dollar Reaches Strongest in Six Weeks against Majors

Growing optimism in US economy is fuelling rally in the dollar Speculators ramping up net short positions in the euro Hedge funds reduce their bullish bets on sterling Metalworkers return to work in S.A. but rand remains under pressure

Categories: Market Commentary.

28.07.14

Sterling edges up against euro on GDP growth.

• UK GDP passes pre-crisis high after 0.8% jump • Euro-zone inflation expected to stay low • Dollar holds gains against euro • Canadian dollar drops on economic concern

Categories: Market Commentary.

25.07.14

Dollar Rallies on Improving Economic Data

U.S. dollar heads for second weekly gain versus the euro Sterling sold off ahead of key GDP data Euro recovers versus the pound but falls against the dollar Thai Baht hits longest winning streak in more than 1 year

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Categories: Market Commentary.

24.07.14

Euro Struggling Against Majors

U.S. dollar reaches highest level vs euro since November 2013 New Zealand dollar falls 1.5% vs sterling on NZ central bank comments Sterling hits highest level vs euro since August 2012 BoE Monetary Policy Committee split on when rate hike … Continue reading

Categories: Market Commentary.

22.07.14

Spotlight on dollar ahead of CPI data.

• Sterling subdued by weak data • Euro edges up against dollar • CPI figures due to be released at 13.30 • Aussie falls amid China slowdown

Categories: Market Commentary.

21.07.14

Ukraine worries continue to weigh on markets.

• Sterling slips on Ukraine worries • Euro steady amid geopolitical concerns • US dollar near 4-week high • Kiwi gains before RBNZ meeting

Categories: Market Commentary.

18.07.14

Pound Bulls to Profit as Wagers on Euro Outstrip Dollar

• Euro under broad pressure, hits two-year lows vs sterling • Greece seen needing third bailout as bonds insufficient • Yen weakens versus major peers as haven demand wanes; Rand gains • Gold declines as investors assess U.S. outlook, global … Continue reading

Categories: Market Commentary.

17.07.14

Sterling Capped by Stubborn Low Wage Growth

UK unemployment falls to help sterling but rally limited by wage growth Dollar stands firm as US appears to move closer to interest rate rise Euro continues to feel pressure on rallying pound and dollar Loonie touches two month low … Continue reading

Categories: Market Commentary.

16.07.14

UK Inflation Data Sends Sterling Back to Multi Year Highs

Pick up in UK inflation brings interest rate rise closer to rally pound Dollar holds gains after Yellen comments Euro under pressure as German ZEW figures shows fall in confidence New Zealand dollar falls over 3 cents against a rallying … Continue reading

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Categories: Market Commentary.

15.07.14

All eyes on UK inflation data

Sterling steady amid mixed data from economic calendar Draghi says banks shouldn’t count on another Carry Trade Dollar holds gain before Yellen Testimony BoJ keeps view inflation to accelerate toward 2% target

Categories: Market Commentary.