Category Archives: Market Commentary

02.09.15

GBP/USD bounces off 1.53

• Sterling touches 3-month lows as UK manufacturing slows • EUR/USD surges nearly 1%, as weak China data rattles global markets • Dollar remains lower vs. rivals after downbeat ISM report • Aussie gives up earlier gains on weak GDP; … Continue reading

27.08.15

Stock Markets Recover as Dollar Gains

UK economy ticking along nicely as sterling trades sideways Euro suffers vs dollar but stands firm against sterling Dollar supported as US stock markets recover Oil moves higher on drop in US crude inventories

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Categories: Market Commentary.

26.08.15

Sterling stabilises; No rate rise until 2017?

Sterling recovers, but investors cool UK rate hike expectations Euro stays high vs dollar; German Ifo business climate rises to 3-month Dollar holds broad gains after upbeat U.S. data; China rate cut Aussie weaker despite upbeat construction data, eyes on … Continue reading

Categories: Market Commentary.

25.08.15

Sterling slumps against euro.

•Sterling slumps as global stock rout dents BoE view •Euro soars as risk aversion accelerates •Dollar gets respite against yen, but China worries linger •Rand sinks most since 2011 as commodities tumble

Categories: Market Commentary.

20.08.15

Dollar Falls as Traders Slash Odds for Fed Rate Rise

Mixed evening session for Sterling as GBP/EUR falls but cable rises Germany & ESM Board of Governors approve €86 Bn Greek bailout deal Dollar bull herds exposed as September Fed rate-rise odds shrink Likelihood of US oil sliding to $30 … Continue reading

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Categories: Market Commentary.

18.08.15

UK Inflation forecast to remain at 0%

• UK Interest rates less likely to rise from historic low of 0.5% • Euro-zone trade surplus hits six-month high amid weak euro • Dollar edges higher as focus shifts back to US rate hike prospects • South Africa’s rand … Continue reading

Categories: Market Commentary.

13.08.15

US Dollar Slides as Investors Reconsider Sept Rate Increase

Sterling falls vs euro on Greek bailout agreement Euro recovers to 1 month high on Greek deal Dollar weakness on interest rate decision Yuan slide: Chinese currency falls for 3rd day after PBoC sets value

Categories: Market Commentary.

11.08.15

Greece and lenders agree new bailout deal.

• Sterling slips as BoE Interest rate expectations are revised • Greece reaches third bailout deal as ‘white smoke’ emerges in Athens • Gold thumped as China’s yuan devaluation spurs dollar rally • China moves to devalue Yuan

Categories: Market Commentary.

07.08.15

Dovish Tone Sends Sterling Lower

Pound sold off as near term inflation revised down Euro takes advantage of weaker pound & dollar to surge higher US dollar muted ahead of key non-farm payrolls data due later today New Zealand dollar rallies as Fonterra offers farmer … Continue reading

Categories: Market Commentary.

04.08.15

Sterling strength gives BoE rate-setters a headache.

• Pound strength causing disagreement among policymakers • Euro under pressure after Greek market plunge • Dollar ticks up • Aussie dollar soars as RBS drops call for depreciation

Categories: Market Commentary.