2012-03-21 00:00:20

Apple INC rich but sentiments switch, forcing the Dollar into a ditch

The USD dollar traded significantly lower yesterday as market momentum took hold. The Euro and Sterling both gained solid ground on the Greenback throughout the day, while the Canadian Dollar and...


2012-03-19 10:00:12

Bullish end to the week

After much hesitation and lack of direction last week, financial markets finally made their mind up and went with the ‘risk-on’ theme. The latest bout of strong US data has caused markets to...


2012-03-16 11:00:31

Markets await US data as Sterling approaches its range top.

Stock markets rallied strongly last night with the US S&P closing at its highest levels since May 2008 this wave of market positivity is not being mirrored in the fx markets with the dollar failing...


2012-03-16 07:00:20

US QE3 starts to fade while the UK takes negative blow

The FX market spent yesterday digesting news from the latest FOMC meeting as well as poor economic data from the UK. Tuesday night’s FOMC meeting encouraged a USD rally throughout yesterday’s...


2012-03-14 13:00:16

Risk on but is the tide changing?

Risk appetite returned due to the combining factors in Europe and the US. In Europe investors were buoyed by news that Spain has revised down its forecast fiscal deficit for 2012. As a result of...


2012-03-14 02:00:11

Chinese fail to please and the pound is on its knees

Weak Chinese trade data posted over the weekend led to a shaky start to the week for the financial markets. The Chinese budget deficit showed exports falling by 23.6% from the previous month,...


2012-03-13 09:00:09

China and Greece add to market woes

Equity markets continued to struggle throughout yesterday’s trading as the risk off theme from the start of the week showed no sign of letting up. Market sentiment was not helped as concerns grew...


2012-03-13 06:00:18

Reversal or correction?

After a powerful start to 2012, risk assets such as global equities, GBP-USD, EUR-USD and commodity currencies have all stopped dead in their tracks. This week we have seen a strong pull-back and...


2012-03-13 01:00:21

Greek debt deal fails to excite, where next for the Euro?

The eagerly anticipated Greek debt deal was passed last night with little effect on the currency markets it seems. Now that this hurdle has been passed the fx community will be questioning the...


2012-03-12 12:00:22

Non Farms strengthens Dollar position.

The US Dollar was firmer on Friday as the Non-farm payrolls beat expectations. The figure topped out at a healthy 227k but we have now seen upward revisions to private payrolls in each of the past...


2012-03-06 11:00:14

Obama’s the man to scare Iran, Greece develops PSI plan

The week has began with a mild “risk off” tone as markets digest some disappointing economic data and some concerning geopolitical news. Chinese economic growth expectations were slashed from...


2012-03-05 11:00:10

Risk off continues to be the theme.

The general tone across markets was ‘risk-off’ as European markets closed flat and the S&P500 closed down 0.3%. Commodities were generally weaker and the US dollar was generally in favour with...


2012-03-04 09:00:07

Rating downgrades sour sentiment.

Yesterday the markets breathed a sigh of relief and sentiment improved, if only slightly. The main catalyst was that the Greek parliament said “yes” to austerity. However, the fact remains that...


2012-03-03 22:00:09

Old problems rear their head and drive away risk appetite

Yesterday saw a “risk off” sentiment return to the markets on the back of sovereign credit downgrades in Europe and disappointing retail sales figures from the USA. Markets reacted negatively...


2012-03-03 18:00:11

Key currency cross close to a break

Unsurprisingly the Euro remained the focus of the FX markets yesterday as talks over a fresh bail-out for Greece continued. In early trading the Euro continued its strong start to the week...


2012-03-03 14:00:34

Greece continues to headline hog as Hellenic debt fatigue sets in

Sterling rallied yesterday against the Euro and USD after moves in the US stock markets gave investors optimism that the rally in stocks seen so far this year could be more than just an aberration...


2012-03-03 08:00:20

Greek rescue on the cards, but how much longer can Greece really hold out?

Today’s Eurozone finance ministers meet to approve the next tranche of loans from the EU and the International Monetary Fund; designed to stave off national bankruptcy. However, while the New...


2012-03-02 14:00:19

Greece worries assuaged – for now.

The Euro gained ground against both the US Dollar and the Pound yesterday as international investors finally agreed a deal to provide Greece with their latest raft of bail-out funds. As a result we...


2012-03-02 11:00:27

USD making a comeback?

After reaching 3-month highs against the USD, both GBP and EUR have halted in their tracks. EUR-USD hit 1-week lows overnight as the market took a breather from an impressive recent run higher. A...


2012-03-01 14:00:16

USD gains as risk appetite slows

Yesterday was a volatile day in the currency markets with two major events dominating the news wires.

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