FX Market Update 6th October 2010 Market Close - October 6, 2010 17:21

Today has been a day of continuation of trends. GBP/EUR has declined, EUR/USD has gained and GBP/USD continues to test resistance just above 1.59. Global Stocks also continue to gain with risk appetite firmly present in the marketplace.

FX Market Update 5th October at Market Close - October 5, 2010 18:46

Bernanke has said that the placement of financial rules are required in order to get the US back on a more sustainable fiscal path. It is evident that a number of Western country’s could benefit from these kinds of measures. Significant budget deficit’s are becoming common place in many countries globally as huge amounts of […]

FX Market Update 5th October 2010 - October 5, 2010 10:59

The single currency finished up vs the dollar last night and is up 0.6% in this morning’s trading trading. Traders have noted a potential Euro sell opportunity on the basis that the Euro is overbought and retracement is becoming a distinct possibility against the US Dollar and the Pound. Continued concerns over the debt problems […]

FX Market Update 4th October 2010 - October 4, 2010 15:02

Last week saw significant volatility in FX markets, the Euro gained against both Sterling and the US Dollar despite problems in Ireland and the announcement of an Allied Irish Bank bailout package set to cost the Irish tax payer €50 billion.