Tag Archives: USD

09.08.13

Uncertainty over BoE guidance lifts Sterling to 7-week peak

• Next week’s jobless data could be key for pound. • EUR/USD gains on German trade data, Fed uncertainty. • Fed officials signal tapering is possible at Sep meeting. • Aussie set for best week since 2011 after Chinese data.

Categories: Market Commentary.

31.10.12

US Stocks to Open After Longest Storm Outage Since 1888

Dollar drops ahead of Chinese PMI Data which may come in positive. Euro rebounds on risk move but eyes E/Zone unemployment data today. Sterling mixed as cable rallies but GBP/EUR falls below 1.24 handle. Norweigan Krone strength may see Central … Continue reading

Categories: Market Commentary.

26.10.12

Sterling Performance by UK GDP Figure

UK currency posts gains across the board. Rumours of Fitch downgrade for US takes risk off the table. Dollar makes positive move on risk off mood. S + P downgrades French banks as euro comes under pressure. For more information … Continue reading

Categories: Market Commentary.

23.10.12

Dollar Remains King as Greenback Hits USD/JPY 80.00

Euro still under pressure as Moody’s downgrades 5 Spanish regions. USD/JPY touches 80.00 handle on speculation of Japanese intervention. Sterling still hanging onto $1.60 handle, analysts eye UK GDP data this week. Oil snaps three-day decline as Brent Crude hits … Continue reading

Categories: Market Commentary.

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.

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.

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.

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.

25.09.12

Euro Weakens as German Economic Data Disappoints

Euro weakens against majors, German economic data disappoints. Sterling hits week and a half hgih versus single currency. Lack of risk appetite in global markets sends dollar higher. Aussie, Kiwi dollars fall on prospect economic growth in China is slowing

Categories: Market Commentary.