Tag Archives: PMI

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.

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.

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.

02.04.12

Sterling Starts New Month on a Positive Footing

Dollar continues to see weakness as risk factor still in play. Strong Chinese manufacturing data boosts risk in currency markets. Sterling continues to perform well against dollar and euro. Markets await key manufacturing data in UK and US. For more … Continue reading

Categories: Market Commentary.

06.02.12

Mighty Buck Rules – Still no Deal on Greek Debt Issue.

No deal on Greek debt story sends euro lower across the board. Pound higher vs single unit, builds on strong UK PMI numbers last week. Stellar US jobs numbers sends dollar higher against majors. Higher non-farm payrolls numbers could push … Continue reading

Categories: Market Commentary.

31.01.12

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

06.10.11

Trichet’s last trick?

Strong UK Services PMI number overshadowed by weaker GDP data. Pound falls on GDP data and prospect of more QE. Euro finds support as EU ministers look to recapitalise banks. Trichet to hold final press conference today, may annouce more … Continue reading

Categories: Market Commentary.

04.10.11

Greece says no to barber visit!

Euro’s decline continues as worries over European economy intensifies. Sterling hits 7 month high versus euro as markets dump single unit. S + P confirms top AAA rating for Britain as UK manufacturing PMI rebounds. Greece to remain in recession … Continue reading

Categories: Market Commentary.

04.08.11

Market Commentary

Sterling posts decent gains on majors after strong UK PMI Services data. Run up to BoE Interest Rate decision to keep pound shackled. Japan intervenes in currency market, weakening yen. Euro continues to feel heat, Italy becomes focus of investors … Continue reading

Categories: Market Commentary.