FX Update – News Flash MPC Split and the Government Spending Review - October 20, 2010 14:43

Today as expected has seen a decline in the pound against all of the majors. The Bank of Englands minutes have shown a three way split in policy, with Andrew Sentance voting for a rate hike and Adam Posen voting for more QE. The other MPC members are all still at present sitting on the […]

FX Market Update 19th October 2010 - October 19, 2010 18:52

Today we have seen some respite for the USD. The Dollar has made gains against most currencies today as US Treasury Secretary, Timothy Geithner has said that the US will work to preserve confidence in a strong currency and will not work to devalue their currency.

FX Market Update 16th October - October 18, 2010 17:31

Sterling has suffered today, the austerity measures set to be announced on Wednesday were always going to see selling pressure on the pound return to the markets. There is a saying in the markets that goes ‘sell fear’ and ‘buy fact’. This is not of course always the case.

FX Market Update 15th October 2010 - October 15, 2010 16:54

US monetary policy is proving to be the key focus in the markets at the moment. Most Traders are paying particular attention to Wednesday’s release of the Fed’s latest beige book. This will provide the basis for discussion at the November FOMC meeting when markets expect fresh quantitative easing measures.

FX Market Update 14th October 2010 at market close - October 14, 2010 18:56

The markets today have been dominated by USD decline. New highs were made on both GBP/USD and EUR/USD pairs with most indicators signalling further decline for the US Dollar. There is significant scope for further decline tomorrow with headline US inflation data and Retail Sales being the key focus. If these indicators signal any stalling […]

FX Market Update 13th October 2010 - October 13, 2010 16:59

Today we have seen another day of continuation of trend. There is clear resistance in the market halting a GBP/USD break through 1.60 and EUR/USD at the psychological level of 1.40. The global stock markets have rallied 1% in the US and 1.7% in the UK.

FX Market 12th October 2010 - October 12, 2010 18:49

Global stock markets have declined today, the USD has come off its highs and is trending back towards support. The fed is releasing its minutes from the 21st September meeting this evening at 1900. The market will be looking to these minutes to establish how the Fed intend to ease monetary policy and undergo QE2.

FX Market Update 11th October 2010 - October 11, 2010 17:23

All eyes at the moment are on the USD. Many traders believe that we could see a substantial USD correction if there is a delay in QE from the US. It would appear that QE had already been priced in to the market, so any alteration in rhetoric from Bernanke and we could see the […]

FX Market Update 8th October 2010 - October 8, 2010 17:26

Employers in the US have cut considerably more jobs than expected, cutting 95,000 jobs leaving the current unemployment rate in the US at 9.6%. Following this announcement the global stock markets have declined pulling back some of the gains gathered this week so far.