UK Interest Rate Expectations Falter - February 8, 2011 19:18

The Pound has suffered today retracing off highs off 1.6160 vs the dollar and 1.1876 vs the Euro. Momentum has shifted towards the downside despite the British Retail Consortium reporting a jump in sales in the UK in January. The RICS house price balance also reported the strongest reading since July indicating a stabilisation in […]

Sterling Stages Surprising Recovery - February 3, 2011 18:36

The pound has staged a remarkable recovery this week after very poor Q4 GDP figures released earlier this month. It would appear that traders over did the sterling sell off on fears of a UK double dip recession. This week we have seen a rapid expansion in the CIPS manufacturing index on Tuesday and today […]

Euro Suffers over Sovereign Debt Fears - January 6, 2011 18:57

The Euro has come under pressure in the last few days as fears mount over sovereign debt contagion. The Euro has fallen against most of the world’s most actively traded currencies with the key EUR/USD pair making new lows at 1.3170 and GBP/EUR testing the 1.19 mark towards the end of the UK session today.

FX Markets Trade Sideways on Mixed Sentiment - December 9, 2010 18:27

The FX markets have trade relatively sideways today on mixed sentiment. It seems that the market is unsure of what is to come. The GBP/EUR pair still looks like a another test at 1.20 could be on the cards despite the ECB’s persistent efforts to back up their currency and keep it strong. The ECB’s […]

US Stocks and Precious Metals Reach All Time High’s - December 7, 2010 19:36

The S&P 500 has risen to the highest level since September 2008 today. This happened after President Barack Obama agreed to extend tax cuts, Copper and Gold rose to record highs as a result of this news.

US Non Farms Takes Centre Stage - December 3, 2010 18:25

Nonfarm payrolls in the US advanced 39,000 in November after climbing 172,000 last month amid economists’ forecasts of a 150,000 gain. The US unemployment rate rose to 9.8 percent to mark the highest level since April of this year. The breakdown of the NFP report indicates that private payrolls rose 50,000, marking the lowest reading […]

Consumer Confidence Bolsters Economic Confidence - November 30, 2010 19:50

The confidence levels amongst US consumers have risen to a five month high in the US today. Markets are becoming increasingly confident that that the recovery is nicely underway and will continue into 2011. The Institue for Supply Management-Chicago has also said that its business confidence gauge advanced to its highest level since April.The holiday […]

Euro suffers on threat of ongoing debt concern - November 29, 2010 18:38

The EU governments €85bn package has as expected failed to ease growing concern over the rest of Europe’s finances. The Euro’s stock, bond and currency markets all attest to this and will undoubtedly continue to suffer this week. Eurpoean stock markets have fallen 2% today as traders are becoming increasingly risk averse. The effect of […]

UK Exposed to Irish Bailout? - November 16, 2010 19:07

This afternoon we have heard that the UK has a 13% exposure to the Irish debt situation and has therefore been called upon to help in a bailout package that could total upto €100 billion Euro’s. Mervyn King has stated that the UK’s exposure is by no means trivial which is in most traders eyes […]