Tag Archives: safe

10.08.12

Safe Haven Currencies Rally on Risk Off Sentiment

US Dollar makes gains versus majors on weak Chinese trade data. Sterling holds gains on euro but cable suffers. Euro down across the board. Canadian dollar rallies on speculation of interest rate hike. For more information see tool bar above, … Continue reading

Categories: Market Commentary.

10.07.12

Eurogeddon: The Pain in Spain Continues

Euro down again versus majors on Spanish debt woes. Sterling hits 52 month high against single currency. Dollar continues to benefit alongside yen on safe haven move. Eurozone finance ministers continue meeting in Brussels on debt crisis. For more information … Continue reading

Categories: Market Commentary.

03.07.12

Euro Suffers on Euro Bailout Fatigue

Euro falls as Holland and Finland break ranks over ESM bailout. Sterling takes advantage on worries over Euro bailout. Barclay’s Chief Executive Bob Diamond Resigns. U.S. manufacturing falls but dollar rallies on safe haven move. For more information see tool … Continue reading

Categories: Market Commentary.

11.01.12

Euro remains under pressure as Spain & Italy go to bond auction.

Dollar continues to stand firm versus the majors on safe haven move. Euro to remain under pressure as Spain & Italy got to bond market. Sterling seems slight fall in value after BRC data disappoints. South African rand and other … Continue reading

Categories: Market Commentary.

24.11.11

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.

22.11.11

Markets Turn To Dollar Safety.

Sterling hits 6-week low against dollar on risk aversion. Euro to drop as investors cease repatriating funds. Foreign bank deposits at Fed double. Canada’s dollar falls to six week low as US deficit saps risk. For more information see tool … Continue reading

Categories: Market Commentary.

10.11.11

BoE Leaves Interest Rates On Hold At 0.5%

Sterling has weakened off versus the euro in this mornings trading session as the single currency recovered some of its losses posted over the last few days. The run up to the BoE rate decision also saw some weakness for … Continue reading

21.10.11

VFX Currency Update: Sterling rallies versus dollar and euro

The pound has just reached a 4 week high versus the dollar and a 2 week high against an under-pressure euro ahead of a crucial weekend of EU meetings. It seems despite worse than expected consumer confidence numbers releases from … Continue reading

Categories: currency, forex, fx, sterling.

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.