Tag Archives: EUR (Euro)

12.10.12

Euro Takes Spanish Downgrade in it’s Stride to Post Gains

Spanish downgrade seen as positive move to make Spain request bailout. Single currency posts gains over sterling and dollar. Risk appetite improves in global markets to send dollar lower. Japan may intervene in FX markets. For more information see tool … Continue reading

Categories: Market Commentary.

11.10.12

Spain Downgrade by S & P on Risks

Sterling edges higher, but gains could be temporary. Euro slides as worries over Spain grow. Dollar advances amid risk aversion. Aussie climbs as job gains top forecasts. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

09.10.12

IMF Warns of Fresh Global Crisis Unless Eurozone Finds a Fix

U.S. currency rallies as risk appetite disappears. Equity markets post losses as fears of global debt crisis continue. Sterling suffers against majors but trades higher vs South African Currency. Euro mixed as posts losses versus dollar but hits 3 week … Continue reading

Categories: Market Commentary.

08.10.12

US Unemployment Below 8% for First Time Since 2009

Weak UK data weighs on pound. Euro temporarily boosted on risk taking. Surprise drop in US unemployment rate. Rand hammered to 3-1/2 year lows. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

05.10.12

Draghi Press Conference Sends Euro Higher

Single currency posts gains on majors as Draghi calls Euro “irriversable”. BoE & ECB leave interest rates unchanged. Dollar posts losses as market awaits key non-farm payrolls numbers. Sterling goes through 3 year high versus South African Rand. For more … Continue reading

Categories: Market Commentary.

03.10.12

‘Spanish Bailout Not Imminent’

Dollar posts gains as risk appetite disappears on Eurozone debt woes. Sterling trades sideways ahead of key PMI Services data. Euro falls – Spanish PM disappoints markets ‘bailout request not imminent’. Aussie, Kiwi and South African Currencies fall on weak … Continue reading

Categories: Market Commentary.

02.10.12

Euro Rallies on the Back of Positive Spanish Data

Sterling slips as Manufacturing PMI disappoints. Positive Spanish news buoys euro. US Manufacturing data send dollar higher. Aussie falls after RBA cut rates. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

01.10.12

Risk Off Mood Sends U.S. Currency Higher

• Dollar takes advantage of risk aversion in global markets to push higher • Spain’s banking stress test shows a capital deficit of 59.3bn. • UK’s AAA rating faces increased likelihood of downgrade, Fitch said. • Canadian dollar rallies against … Continue reading

Categories: Market Commentary.

27.09.12

Spanish Anger Sends the Single Currency Lower

Euro under pressure as Spanish protests on austerity unsettle markets. Sterling holds firm versus euro and dollar. Risk aversion in markets aids dollar rally. Aussie & Kiwi dollars go bid on speculation China will act to support growth. For more … Continue reading

Categories: Market Commentary.

26.09.12

Pound holds firm vs Euro on weak EU fundamentals

UK pound retreats against Dollar amid bailout concerns in EU Euro touches two-week low ahead of retail sales Seven-month high Consumer Confidence boost Dollar New Zealand trade shortfall devalues Kiwi dollar

Categories: Market Commentary.