Category Archives: 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

Tags: , , .
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.

14.07.14

Calm descends on Sterling after Construstion Output

• Sterling pares gains against dollar and euro • Draghi seen delivering $1 trillion free lunch to banks • Dead cross signals downside for dollar-yen: Technical Analysis • BRICS fight waning clout with $150 billion deal in Brazil Summit

Categories: Market Commentary.

11.07.14

Portuguese Banking Turmoil Revives Darkest Nightmares About Europe

Euro suffers on concerns about Portuguese bank BoE keeps interest rates on hold with QE at £375bn Dollar makes gains back on euro as safe haven buying ramps up Indian rupee heads for its biggest weekly loss in a month

Categories: Market Commentary.

10.07.14

Dollar Slides as Dovish Fed Pushes Back on Rate Hike Speculation

Fed Reserve minutes smooth concerns over potential rise in interest rates Pound continues slide vs euro but cable recovers Euro continues to recover against majors as dollar and pound sold off Aussie dollar slides on weaker jobs numbers

Categories: Market Commentary.