Tag Archives: European Central Bank

18.10.12

EU optimism hikes risk appetite, supporting both Sterling and Euro

• Sterling lifted by positive job data and BoE minutes • Euro performs firmly on positive expectation of summit results • US stock markets trade higher, reduce demand for haven assets • Yen reaches one-month low on stock gains and … Continue reading

Categories: Market Commentary.

06.09.12

Europe Outlook Dims as Central Bank Meets

US dollar posts small loss ahead of central bank action this afternoon. All eyes on Mario Draghi ahead of ECB Interest Rate decision today. Bank of England expected to leave interest rates on hold at 0.50%. Swiss franc down on … Continue reading

Categories: Market Commentary.

03.08.12

Draghi warns he will do ‘all it takes’ to save the single currency

Dollar and yen rally as ‘risk off’ returns. Draghi’s Comments send euro lower across the board. BoE leave interest rates and its asset purchase facility on hold. Yen weakens at a near six-month low on IMF’s comments. For more information … Continue reading

Categories: Market Commentary.

06.07.12

Central Bank Action Sends Euro Lower Across the Board

Sterling hits 7 week high versus falling single currency. BoE injects more QE but leaves interest rates on hold. ECB cuts interest rates from 1% to 0.75% as euro falls against majors. PBC cut interest rates for second time in … Continue reading

Categories: Market Commentary.

04.07.12

Sterling trades sideways ahead of BoE meeting

• Sterling kept stable awaiting BoE QE decision. • Euro lost ground on speculations ECB cutting interest rate. • US labor market might continue to be gloomy weighing on Dollar. • Barclay’s ex-CEO Bob Diamond Faces MP’s questioning today.

Categories: Market Commentary.

04.05.12

May the 4th be with you!

Resilient pound holds firm despite weaker than expected economic data. ECB leaves interest rates unchanged to give euro initial support. Dollar gains on majors as safe haven move rallies lower yielding currencies. We are closed on Monday 7th May for … Continue reading

Categories: Market Commentary.

03.05.12

UK construction PMIs offer recovery hope.

Sterling rallies on Construction Data. ECB News set to impact euro today. Dollar enjoys boost despite disappointing economic data. Kiwi dollar falls after jobless rate plunges. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

02.05.12

Dollar Strength Halt’s Sterling’s Gains at $1.62

Sterling stops gains against major counterparts on negative fundamentals. Demand of euro limited ahead of ECB meeting tomorrow. US dollar gains on manufacturing figure and Fed’s speeches. For more information, see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.

13.04.12

Further Dollar Weakness Brings Sterling Rally

Sterling performs better than other peers, testing $1.60 key level. ECB and IMF chipped in EU bond purchasing. US dollar weakens further ahead of inflationary data. Aussie and Yen keep downwards trends on pessimistic Asian data. For more information see … 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.