Currency Trading
updated 14-Jul-10 |
The Daily Currency Trading report covering the key Currencies as well as where you can trade and...read more >>
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Currency Trading Markets
updated 13-Jul-10 |
Currency Trading Markets - The regular Currency Trading report following the World's currency markets with a focus on...read more >>
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Yen Weakens Following Japanese Election Results
updated 12-Jul-10 |
The Yen came under the spotlight with the dismal showing from the ruling party in Japan at yesterday's elections. The results showing that the Democratic Party took only...read more >>
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Yen Spreads See Light Trading to End the Week
updated 09-Jul-10 |
It was a quiet end to the week in Asia, the USD/JPY had the widest range and that was only 33 pips. The positive lead from Wall Street and the decision by...read more >>
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Currency Markets Await BoE Rates Decision
updated 08-Jul-10 |
Whilst it is expected that there will be no change in either the Bank of England or European Central Bank base rates, the currency markets will be...read more >>
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FTSE and Sterling Spreads Reverse Previous Gains
updated 07-Jul-10 |
Both Sterling and the FTSE have resumed their slides as profit taking reverses yesterday's gains. The markets are waiting for tomorrows...read more >>
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FX Markets See Australian Dollar Rally
updated 06-Jul-10 |
FX markets reacted well to the news with the Australian Dollar rallying from $US 0.8372 pre-rate decision to a current position of...read more >>
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Risk Forex Markets Fall Ahead of US Holiday Weekend
updated 05-Jul-10 |
The risk and commodity currencies took a bit of a hammering late on Friday with both the Euro and Sterling making headway going into the Independence Day...read more >>
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Cable Spreads Likely to Weak Trading Ahead of US Data
updated 02-Jul-10 |
Expect light trading this morning in GBP/USD as we wait for the Non-Farm Payroll data this afternoon. The consensus forecast is...read more >>
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Weaker Chinese PMI Data Sends Nikkei Lower
updated 01-Jul-10 |
The Chinese PMI data itself fell from 53.9 in May to 52.1 in June sending the Nikkei down 2.1%, Sydney down 1.9%, Seoul down...read more >>
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Euro Falls to All Time Low Against Swiss Franc
updated 30-Jun-10 |
The Euro has hit an all-time low against the Swiss Franc as the funding concerns about the Eurozone prompted investors to move their funds to...read more >>
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Stock Markets Fall on Double Dip Fears
updated 29-Jun-10 |
Stock markets around the world have today come under selling pressure driven by the increasing fear of a double dip recession in the US. The Shanghai index was off more that...read more >>
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Pound Markets Rise on Specualtion of Demand
updated 28-Jun-10 |
Cable has found further support with talk in the market that a UK clearer needs to buy Cable today for dividend payment purposes. The effect is...read more >>
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Dollar Falls on Speculation of Fed Keeping Rates Low
updated 25-Jun-10 |
The Dollar dropped for a second day against the Euro as markets believe the Federal Reserve will keep interest rates near zero through the middle of next year as the...read more >>
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Euro Weakens Against Pound and Dollar After PMI
updated 24-Jun-10 |
The Euro has traded down against both Sterling and the Dollar as new PMI data scaled back investors optimism of the economic recovery in...read more >>
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Sterling Markets Rise Following UK Budget
updated 23-Jun-10 |
Pre-budget we were trading GBP/EUR €1.1960 and GBP/USD $1.4730, the markets view this as a credible plan and we currently sit at...read more >>
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ECB Members Call For Stricter Budget Rules
updated 22-Jun-10 |
In Euro news, ECB policymakers pressed governments yesterday to follow stricter budget rules and is calling for a new system of incentives and...read more >>
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Australian Dollar Performs Well on Increased Risk Appetite
updated 21-Jun-10 |
Investors moved out of the safe haven USD with Cable reaching $1.49, before falling back slightly, and the Australian Dollar also performing well...read more >>
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Cable Bounces From Lows Following Risk Aversion
updated 18-Jun-10 |
We saw a bit of risk-averse trading early in the session, which has been the typical play on Friday's as traders avoid risk heading into the weekend. Cable fell as...read more >>
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Spanish Bond Auction Likely to Move Euro Spreads
updated 17-Jun-10 |
Today is a big day for the Euro, the planned Spanish bond auction of €3.5bn was placed with very decent bid-cover ratios of 1.88 on the 10 year and...read more >>
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US Dollar Loses Ground in More Stable Market
updated 16-Jun-10 |
The US Dollar has unwound some of its recent gains following a week with little excitement, like the World Cup so far, and no huge surprises leading to...read more >>
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Cable Rallies on UK GDP Revision
updated 15-Jun-10 |
UK Q1 GDP was revised to 0.3% q/q, against an increase of 0.4% in Q4 2009 and lower than the consensus estimate of 0.4%. The news inspired a continued Cable rally from...read more >>
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Sterling Expected to Rise if UK Returns to Sustainable Growth
updated 14-Jun-10 |
Returning Britain to long term sustainable growth would see the Sterling rise towards it long term average levels against the Euro and...read more >>
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Cable Rises as Analysts Debate Pair's Reaction to BP News
updated 10-Jun-10 |
Sterling/Dollar rallied yesterday and today as a result of this bearish sentiment rising from $1.4430 to $1.4595 at the time of writing. Interestingly analysts are debating if...read more >>
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Euro Breaks Below $1.20 Support Level
updated 08-Jun-10 |
The Euro broke the physiologically important $1.20 level against the Dollar on Monday and continues to trade weakly against all the major currencies. This morning there are...read more >>
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UK Retail Sales Rise Ahead of Summer and World Cup
updated 08-Jun-10 |
On a positive note, UK retails sales rose 0.8% in May as consumers bought clothing and equipment to enjoy the 'warmer weather' and the World Cup. Also see Financial Spread Betting on the World Cup. The Euro has...read more >>
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Euro Pulls Back on Hungarian Economic Fears
updated 07-Jun-10 |
Given the Eurozone countries' exposure to Hungary, it is no wonder that the Euro dropped in value. Concerted fire-fighting has limited further erosion this morning but EUR/USD has...read more >>
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Euro Falls as Banks Deposit Record Amount in ECB Facility
updated 04-Jun-10 |
The Euro is re-testing lows seen two weeks ago as data from the ECB showed Eurozone banks depositing record amounts of cash in the ECBs overnight...read more >>
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Sterling Rises as Prudential Calls Off AIA Deal
updated 03-Jun-10 |
Yesterday's announcement that Prudential had formally abandoned its takeover of AIA led to a strong rally in Sterling as banks...read more >>
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Weak Euro Boosts European Exports and GDP
updated 02-Jun-10 |
Boosts in exports as a result of the weaker Euro drove the positive GDP growth in Germany, France and Spain for the first quarter of...read more >>
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Australian Dollar Comes Under Pressure as RBA Holds Rates
updated 01-Jun-10 |
The Reserve Bank of Australia kept interest rates on hold, a decision widely expected and already priced into the market. But the Australian Dollar is coming...read more >>
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AUD Heads for First Five Day Rally in a Month
updated 28-May-10 |
The Australian Dollar headed for its first five day advance in more than a month as Asian equities extended a global rally, boosting demand for higher yielding...read more >>
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Cable Makes Ground as Prudential Deal May Fail
updated 27-May-10 |
In the UK this morning news that Prudential/AIA deal may be ''off'' has pushed Cable firmer from $1.4376 over night to currently $1.4575. GBP/USD gained decent...read more >>
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New Government Sets Out Bills in Queen's Speech
updated 26-May-10 |
The highlights of the Queen's Speech, and those bills most likely to affect the FX market, include the Office of Budget Responsibility Bill, which will take economic forecasting out of the Treasury's...read more >>
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Euro Falls Close to Eight Year Low Versus the Yen
updated 25-May-10 |
The 16 nation European currency fell to within one Yen of its weakest point in more than eight years after the IMF urged Spain to do more to overhaul its...read more >>
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Euro Makes Small Recovery Against US Dollar
updated 24-May-10 |
Over to the European mainland and the Euro recovered somewhat on Friday, reaching a one week high against the Greenback as buyers returned to the Euro and halted the...read more >>
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Australian Dollar Sees Volatility as Hedge Funds Alter Positions
updated 21-May-10 |
Hedge funds are reported to be reversing positions to preserve capital, most notably in the Australian Dollar pairs, which have seen large swings in value over the past few days. Disappointing economic data...read more >>
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US Dollar Expected to Hold Gains as Euro Woes Continue
updated 20-May-10 |
The USD continued its recent strength against the Euro and Sterling and can be expected to trade well against both due to the continuing uncertainty over the...read more >>
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Global Markets as Germany Bans Short Selling
updated 19-May-10 |
Euro-Dollar came under pressure last night after Germany announced a ban on naked short selling on some securities effective immediately. The Dow Jones collapsed 114 points on the news as fears increased of...read more >>
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Sterlings Continues to Decline Against Euro on Poor Data
updated 18-May-10 |
Sterling hit a 13-month low against the Dollar on Monday and continued to weaken versus the Euro as data showing a slowdown in...read more >>
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Financial Newspapers Call For Euro Parity With the Dollar
updated 17-May-10 |
Most of the financial press over the weekend were calling for parity in Euro-Dollar rate, but if the market is over sold we may see a...read more >>
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Sterling Falls as Negative Figures Weigh on the Currency
updated 13-May-10 |
The combination of the negative sentiment from the BoE and negative figures clawed back Sterling's morning gains and saw it fall from a...read more >>
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David Cameron Becomes UK Prime Minister
updated 12-May-10 |
David Cameron finally entered Downing Street last night after days of behind the scenes deal making. Quite how this full coalition will work out after the honeymoon period is...read more >>
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Sterling Weakens as Brown Prepares to Step Down
updated 11-May-10 |
Pressure on Sterling continued as PM Gordon Brown announced he would step aside in a last-ditch effort to keep Labour in power. With Britain's two...read more >>
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Euro Gains Strength as €750bn Bailout is Confirmed
updated 10-May-10 |
The Euro gained strength after the news of the €750bn European bailout facility broke and trades almost...read more >>
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Dow Jones Falls by 1000 Points Due to Trading Error
updated 07-May-10 |
In a flashback to 2008, the Dow Jones Industrial Average tumbled almost 1000 points during the US afternoon session. The SEC and Commodity Futures Trading Commission issued a joint statement...read more >>
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Clegg's Debate Performance Increase Chance of Hung Parliament
updated 06-May-10 |
The strong performance of Nick Clegg in the televised debates increased the probability of a hung parliament and the market has kept Sterling depressed...read more >>
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Sterling Strengthens Against Euro as Greece Issues Weigh
updated 05-May-10 |
Sterling has pushed to a 9-month high against the Euro in spite of the prospect of a hung parliament. Note that you can trade 24 Hours during the UK Election...read more >>
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Pound Unmoved as UK Election Race Enters Final Stages
updated 04-May-10 |
The Conservatives are maintaining their efforts to win a majority in Thursday's election. Sterling has been largely unaffected so far although the forecasts for the Pound could be...read more >>
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Dollar Likely to Remain Quiet Ahead of US GDP Release
updated 30-Apr-10 |
It's likely to be a quiet day for the US Dollar, unemployment figures showed a decline of 11,000 but focus will be on today's release of Q1 GDP figures. The forecast number is...read more >>
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Sterling Falls as Former BoE Member States Recovery is 'Fragile'
updated 29-Apr-10 |
Sterling fell against the Dollar after former Bank of England policy maker Timothy Besley stated the UK economy remained in a ''fragile state'' and inflation is likely to stay...read more >>
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Global Stock Markets Pull Back as Goldmans Testify
updated 28-Apr-10 |
Stock markets across the globe declined yesterday as the Senate heard Goldman Sachs' testimony about the SEC charges levelled against them...read more >>
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Yields on Greek Bonds Rise Past 13% as Market Remains Concerned
updated 27-Apr-10 |
The yield on Greek bonds rose to an expensive 13.7% and 9.7%, for two year and ten year bonds respectively and placed the Euro near a...read more >>
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Greece Announces Billions of Euros of Austerity Measures
updated 26-Apr-10 |
Greece has announced billions of Euros in austerity measures, including tax hikes and public sector wage cuts. The Euro has been trading back above €1.16 against Sterling while Euro/Dollar has...read more >>
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Sterling Rises Despite Polls Continuing to Indicate Hung Parliament
updated 23-Apr-10 |
The problem for Sterling remains that if the polls were repeated at the General Election, a hung parliament will be the outcome. Sterling rose to a...read more >>
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Sterling Rises After Positive Jobless Claims Data
updated 22-Apr-10 |
Sterling was boosted yesterday against the Euro and the Dollar by the news that the number of people claiming jobless benefit fell by 32.9k in March, after a revised fall of...read more >>
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Canadian Dollar Reaches Parity With US Dollar
updated 21-Apr-10 |
The CAD surged back below parity to the USD and the AUD reacted in a similar way, strengthening against the US Dollar and testing record highs against...read more >>
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Goldman Sachs to be Sued by Securities and Exchange Commision
updated 20-Apr-10 |
In America, the Securities and Exchange Commission announced on Friday that they would charge Goldman Sachs (GS) with misstating and omitting facts relating to...read more >>
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Icelandic Volcano Forces Reschedule of IMF/ECB Greek Meeting
updated 19-Apr-10 |
Over to the Euro nations and Greece must surely feel that even the heavens are conspiring against them as the volcanic induced flight chaos equals no Monday/Tuesday meetings between...read more >>
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UK Debate Weakens Pound on Clegg's Rise in Support
updated 16-Apr-10 |
In the UK the leaders of the three main political parties held a live televised debate last night. The event did little to clarify the outcome of upcoming election, with Sterling still suspect...read more >>
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Weak Consumer Confidence Does Little to Dent Positive Sterling Performance
updated 15-Apr-10 |
Even with the disappointing consumer confidence data released yesterday, Sterling performed well against all the majors through the London session and...read more >>
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Success of Greek Bond Issue Pushes Euro Upwards
updated 14-Apr-10 |
The attractive rates offered at nearly 4.9% gained much interest from short term traders and caused a short rally on the Euro against...read more >>
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US Markets Continue Higher Amid UK and Euro Weakness
updated 13-Apr-10 |
With the Eurozone slipping on Greece and politics in the UK grabbing the limelight, the US markets have continued to surge higher with the Dow Jones...read more >>
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UK Polls Aid the Pound on Indications of Tory Majority
updated 12-Apr-10 |
It's a big week on the election front for Sterling. Polls over the weekend now indicate the Tories could claim an outright majority, boosting the...read more >>
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Sterling Pushes Upwards During Overnight Trading
updated 09-Apr-10 |
Overnight we briefly moved above $1.53 on the Dollar before running into resistance and €1.1451 on the Euro. As widely expected...read more >>
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Flat Eurozone GDP Prompts Euro Sell Off
updated 08-Apr-10 |
Eurozone GDP figures showed flat growth prompting the Euro to fall to $1.33 against the Dollar and...read more >>
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Relative Strength of Recovery Keeps Dollar High
updated 07-Apr-10 |
The currency markets reflect relative strength and we still believe the recovery is continuing faster stateside than in Britain or...read more >>
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Sovereign Risk Issues Continue to Weigh on Euro
updated 06-Apr-10 |
The Euro continues to be weighed down by expectations of Sovereign risk of its member countries. The Greek deputy prime minister clearly...read more >>
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Mixed US Macroeconomic Data Helps Sterling Higher
updated 01-Apr-10 |
Sterling continued its rally against the US Dollar yesterday as a combination of mixed macroeconomic data from...read more >>
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Sterling Moves Higher as Euro Unemployment Hits 10%
updated 31-Mar-10 |
Sterling edged higher against the Euro following data showing that Eurozone unemployment hit 10% in...read more >>
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Major Currencies Financial Trading News
updated 30-Mar-10 |
All the major currencies experienced positive data yesterday but it was the commodity currencies, and especially the Australian Dollar, that...read more >>
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Australian Dollar Continues to make Progress
updated 29-Mar-10 |
We could easily see further gains in the Australian Dollar against the major currencies on the back of...read more >>
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Euro Bounces Against the US Dollar
updated 26-Mar-10 |
Although the Euro has bounced higher it has so far been a deflated bounce up against the USD from €1.3270 last night to...read more >>
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UK Retail Sales Data Pushes Pound Higher
updated 25-Mar-10 |
This morning the Pound has staged a recovery following much better than expected retail sales data from the UK at...read more >>
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Swiss Franc Trades to All Time Highs
updated 24-Mar-10 |
The Swiss Franc has hit new all time highs against the Euro and currently sits in the low...read more >>
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Sterling Weakens as Markets Remain Nervous About the Budget
updated 23-Mar-10 |
Sterling has lost about a cent against the USD in early trading as the markets remain nervous on the budget outcome. In addition, the Pound is...read more >>
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Euro Bulls Face Another Tough Week
updated 22-Mar-10 |
Looks like being another tough week for Euro bulls. The EUR/USD pair is currently testing the downside at...read more >>
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Dow Jones Closes at 17-Month High After 8 Days of Gains
updated 19-Mar-10 |
The Dow Jones saw its eighth straight day of gains closing at its 17-month high with blue-chip stocks in the...read more >>
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Canadian Dollar Continues Move to Parity Against USD
updated 18-Mar-10 |
The Canadian Dollar is still on its drive to parity against the US Dollar and is currently within one cent of...read more >>
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Pound Rallies Sharply Against Both the Dollar and the Euro
updated 17-Mar-10 |
The Pound welcomed the positive news by rallying sharply against the USD and the Euro - gaining over...read more >>
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Sterling Bulls Hope for Move Over $1.52
updated 16-Mar-10 |
The key level against the US Dollar is, as always, a move back over $1.52. Today we had the German...read more >>
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Concern Over Hung Parliament Softens Pound
updated 15-Mar-10 |
Weekend polls have again pointed towards a hung parliament which has helped to soften the Pound. In addition we had...read more >>
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US Investment Bank Suggests Long Euro Positions
updated 12-Mar-10 |
The Euro strength could be attributed to a US investment bank's recommendation to go long on EUR/USD with a target of...read more >>
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Sterling Manages to Push Above Key Levels
updated 11-Mar-10 |
Today the Pound has managed to forge a move back over ?1.10, just, and $1.50. News that a Bank of England survey expects...read more >>
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Brown Announces Budget Date
updated 10-Mar-10 |
There will be a budget in 2 weeks time which will set out more detail on deficit reduction and it certainly needs to. Sterling needs some clarity and so do...read more >>
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Euro Continues to Trade Under Pressure
updated 09-Mar-10 |
The Euro has come under some pressure too against the Dollar and Yen. Although the Greece situation is becoming...read more >>
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Non-Farm Numbers May Bolster Commodity Currencies
updated 08-Mar-10 |
We may see some gains in the GBP and EUR and, more broadly, in the commodity currencies such as the AUD, ZAR and...read more >>
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Sterling Remains Above $1.50 Support
updated 05-Mar-10 |
The fact that there was no expansion in QE helped to keep Sterling supported just over $1.50 against the Dollar and...read more >>
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Debt Fears Ease After Greece Austerity Plan Update
updated 04-Mar-10 |
The Forex market likes clear and defined plans and the measures have helped to ease the fears and in addition raised hopes of more...read more >>
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Canadian Dollar Improves After Bullish BoC Statement
updated 03-Mar-10 |
The Canadian Dollar strengthened on the accompanying bullish statement and, as with the Australian Dollar, looks set to be a star performer, certainly for...read more >>
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Australian Dollar Boosted by Increase in RBA Rates
updated 02-Mar-10 |
In other news the RBA raised interest rates by 25 basis points to 4%, giving further strength to the Australian Dollar. The AUD is still the darling of the forex markets and...read more >>
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Sterling Weakens Against Other Major Currencies
updated 01-Mar-10 |
The Pound has dropped to a near 3 month low against the Euro, a 10 month low against the Dollar and a near year low against the Yen. The UK is...read more >>
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Pound Falls Despite Upward Revision of UK GDP
updated 26-Feb-10 |
I was bemused on the fall in the Pound following the upward revision of UK GDP, I can only attribute it to speculators thinking...read more >>
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Yen Makes Gains as Safe Haven Currency
updated 25-Feb-10 |
The Yen is being favoured as a safe haven after recent strong economic data; the USD has also experienced gains again today with EUR/USD dropping as low as...read more >>
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UK News Leaves Sterling Stuck in the Mud
updated 24-Feb-10 |
Don't expect any big moves for Sterling today. The tone of the MPC, the deficit and the election is leaving Sterling stuck in the mud at the...read more >>
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Traders Await Important UK GDP Data and Banking Reports
updated 23-Feb-10 |
Later this week we have important feedback in the form of the second revision of UK GDP. There are also important numbers from RBS and Lloyds - especially critical due to the...read more >>
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British Sterling Falls Against Both Euro and US Dollar
updated 22-Feb-10 |
In the last month Sterling has lost over 1% against the Euro and just under 4% against the Dollar. The surprising move is the fall against the...read more >>
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Sterling Boosted by Unanimous MPC Decision
updated 18-Feb-10 |
The unanimous MPC decision gave Sterling a boost which was then tempered by weaker than expected employment numbers. Going forward this does not...read more >>
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Yen and Dollar Weaken Amid Tentative Risk Taking
updated 17-Feb-10 |
The USD and the JPY weakened in line with a tentative return to risk. GBP/USD pushed back through $1.57 and tested $1.58 in early trading and...read more >>
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BoE Continuing with Policy of Low Interest Rates?
updated 16-Feb-10 |
What the data does assist with is the BoE continuing with their policy of low interest rates and leaving the door open for...read more >>
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Euros Weakens as Finance Ministers Discuss Greece
updated 16-Feb-10 |
The euro has taken a beating over the past couple of weeks. Greece and finance ministers need to tread carefully or...read more >>
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Currency Trading Index
updated 19-Jul-10 |
An index of daily updates looking at the World currency markets where the...read more >>
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