S&P Rises to a Two Year High on Announcement of Fed Stimulus and Jobs Data - November 5, 2010 18:00

The stock markets around the world have rallied substantailly in the last 48 hours on announcement of the US Federal reserves stimulus package. The S&P 500 is up 2% and is now at a two year high. Risk appetite has led to widespread Dollar weakness with cable testing 1.63 and EUR/USD reaching 1.4280.

Is the Fed’s Stimulus Package and Inflation Time Bomb? - November 3, 2010 18:24

The Fed’s announcement will be upon us very soon. Traders now wait with baited breath to see whether the Fed will deliver just what everyone expects them to deliver. They will probably restart the asset purchasing program this evening even as growth is expected to accelerate to 2.6 in the second quarter of next year. […]

Global Stocks Rally On Fed cash injection announcement tomorrow - November 2, 2010 19:16

Global Stock markets have continued to rally today amid expectations of stimulus packages. Benchmark US Stock indices have reached 6 month highs. Risk appetite is firmly back in place in the markets with speculators contemplating the measures that will be brought into the market place to stimulate the US economy and the upcoming election results […]

US ISM Expands at a faster rate than expected - November 1, 2010 18:09

The world’s largest economy has today posted Manufacturing activity gains at the fastest pace in five months. The ISM Index has advanced from 54.4 last month to 56.9 this month. This release represents a significantly better than expected growth in this sector amid forecasts for 54.0. Economists are arguing that Manufacturing is at the head […]

FX Market Update 27th October 2010 - October 27, 2010 17:17

Sterling has continued to outperform most of its rivals in trading today, the notable exception is the USD, which now appears to be gaining some form of momentum for a reversal on cable and the EUR/USD pair. This can be attributed to today’s durable goods orders in the world’s largest economy jumping 3.3% in September […]

FX Market Update 26th October 2010 - October 26, 2010 19:01

Today opened with a big surprise for the UK economy, the preliminary Q3 GDP figures released at 0930 this morning indicated that the economic slow down is not as poor as previously thought. The market expectation was that the figure would be announced at 0.4%, it was actually released at 0.8%, giving Sterling a much […]

FX Market Update 22nd October 2010 - October 25, 2010 17:24

All eyes are focused on GDP for the US and the UK this week. We have (Q3) Preliminary GDP from the UK tomorrow morning with the figure forecasted at just 0.4%. If this is the case, this represents a significant slowing in the economic recovery and will weigh on the pound with concern over additional […]

Euro looks to maintain $1.40 - October 21, 2010 22:42

The euro has been flirting with $1.40 the last two weeks and the currency appears poised to firmly capture and maintain that level Thursday (October 21) morning after economic reports from Europe and the US support a stronger euro-dollar.

FX Market Update 21st October 2010 - October 21, 2010 17:09

The pound has slumped to a daily low of 1.1226 against the Euro. This break through technical resistance could see further declines from here towards the next level of support between 1.10 and 1.0950. It is remarkable how quickly the Euro has strengthened against both the pound and the USD and it looks set to […]