Tag Archives: currency

15.06.12

Spanish Football Dazzles but its Economy Falters with 7% Debt Level

Euro steady as investors decide which way to play ahead of Greek vote. Spanish debt breaks 7% level. Greek go to polls on Sunday – risk off move seen. BoE and UK Chancellor announce huge cash injection to help UK … Continue reading

Categories: Market Commentary.

01.06.12

Cable Collapse

Sterling hits 4 month low against the dollar on risk aversion. ‘Risk off’ sends euro lower as investors pile into the greenback. Yen comes out on top as uber safe haven currency. IMF denies talk of bailout to Spain. For … Continue reading

Categories: Market Commentary.

09.05.12

Sterling Keeps Positions against Euro and Dollar

Sterling remains unchanged despite strong US dollar Euro weakens further ahead of Greek governors meeting Dollar and Yen gains on Asian stock loss

Categories: Market Commentary.

10.04.12

Three Month High for Sterling/Euro

Euro suffers again at the hand’s of its debt demons. Sterling hits a three month high versus the euro. Worse than expected Nonfarm payrolls in the States weakens dollar. US stocks drop on Nonfarm numbers. Oil falls on dissapointing US … Continue reading

Categories: Market Commentary.

05.04.12

Euro Put to the Sword!

Sterling continues rally on back of strong PMI numbers. Weak E/Zone economic data and Spanish bond auction weakens euro. Euro lower as ECB leaves interest rates on hold, no signal of future rise. Dollar remains bullish as global stocks drop … Continue reading

Categories: Market Commentary.

03.04.12

Sterling Strengthens on Upbeat Economic Data

Sterling climbs as manufacturing PMI beats expectations. Jobless figures in Europe hit record high. Strong US data supports dollar. RBA hold rates but hint at possible policy easing. For more information see tool bar above, click ‘Market Data’ followed by … Continue reading

Categories: Market Commentary.

28.03.12

Sterling Eyes $1.60 Level as Dollar Sell-Off Continues

Sterling touches 1.60 against dollar for first time in 4 months. Euro advances, but gains could be temporary. Dollar struggles on slow news day. Aussie, Kiwi fall as Asian Stocks drop. For more information see tool bar above, click ‘Market … Continue reading

Categories: Market Commentary.

23.03.12

Weak Economic Data in UK Drags Down GBP/EUR

Sterling falters after weaker than expected UK economic data released. Dollar finds support after weaker Chinese and eurozone data posted. Global stock markets fall as Chinese PMI data see’s risk aversion return. New Zealand & Australian dollar fall as risk … Continue reading

Categories: Market Commentary.

13.02.12

Climax Nears in Greek Drama

Sterling recovers against dollar. Doubts over Greek bailout weigh on markets. Risk aversion strengthens dollar. Aussie, Kiwi dollars gain on Greek vote. For more information see tool bar above, lcick ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

09.02.12

Its a deal, its a steal, its the sale of the Greek Economy!

An agreement has finally been reached on the Greek debt deal which has sent the single currency higher across the board.