Tag Archives: market


Risk appetite drives global markets higher as US currency is sold off. Sterling posts decent gains against majors. Back door QE (LTRO) weighs heavily on single currency. Oil spikes on unconfirmed reports of attack on pipeline. For more information see … Continue reading

Categories: Market Commentary.


Sterling Hits 8 Day High Versus Euro

The pound struck an eight day high against the euro this afternoon as the glow which was shining brightly over the eurozone area has already began to disappear. Optimism the eurozone agreement yesterday is fast wavering and the agreement remains … Continue reading


New Scapegoat Tops French Santa List.

Cameron Declines to bow to Merkozy Threats. ECB cuts interest rates by 25 basis points. Draghi bombshell of no more bond buying sends single currency lower. BoE keeps UK interest rates on hold, sterling stands firm. Currency markets to remain … Continue reading

Categories: Market Commentary.


Euro Debt Crisis Targets ‘Core’ Of Europe As Investors Run For Safety Of The Dollar.

Sterling hits 7 week low versus the dollar. Risk appetite disappears as global markets shudder on E/Zone debt crisis. Dollar makes huge gains on pound and euro as investors run for safety. Single currency still on back foot with no … Continue reading

Categories: Market Commentary.


All Aboad USS Greenback As Risk Aversion Sets Sail.

Weak demand for German bonds rocks markets to send euro lower. Euro takes hammering in currency markets on weak economic data. Dollar trades near 7 week high vs euro on safe haven demand. Cable lower on safe haven play but … Continue reading

Categories: Market Commentary.


Italy Comes Close To Joining The 7% Club As Berlusconi Resigns.

Italy bows to European pressure as Berlusconi steps down. Global markets see Italy’s 10 year bond spread surge to 6.7%. Euro rallies on back of Berlusconi’s resignation. Sterling moves higher versus the dollar on improvement in risk appetite. The pound … Continue reading

Categories: Market Commentary.


Euro Has A Halloween Howler as Greece Spooks Market

Sterling hits a four week high versus the euro. Pound slowly turning into safe haven currency in wake of euro debt crises. Euro falls on bets ECB will signal interest rate cut. Greek PM drops referendum vote bombshell to yet … Continue reading

Categories: Market Commentary.


Euro Euphoria Evaporates

Sterling near 7 week high against the dollar, bounces vs euro. Sarkozy criticised for seeking China’s help. US employment probably cooled in October. Yen drops against euro, dollar as Japan intervenes. Australia, New Zealand Dollars fall before RBA Meeting. For … Continue reading

Categories: Market Commentary.


Optimism fuels global market ahead of Wednesday’s key EU summit.

Good progress cited at weekend EU summit with potential deal on card’s. Euro finds support ahead of Wednesday’s EU summit. Sterling gains two cents versus US currency as risk appetite grows. Dollar sold off as global risk appetite grows and … Continue reading

Categories: Market Commentary.


Euro buyers jump in as single currency falls on risk aversion

The single curency has given up over a cent against both the dollar and pound this afternoon as risk aversion roars back into an extremely jumpy market. There was also also a report saying German leaders could postpone this weekends … Continue reading