Gold Prices Spike Higher On Increased Israel Tension - July 10, 2014 13:38

Once again we see Gold prices are starting to creep higher. If you have been following my recent comments, this should be no surprise, but increased unrest in the Middle East and not even a hint of information on when interest rates may increase in the USA has given the green light to further gains. […]

GBP Rate: Declines on Manufacturing Data - July 8, 2014 9:56

Although economists had hoped that UK Manufacturing Production and Industrial Production advanced by 0.4% and 0.3% in May respectively, both levels of output actually dropped. The unexpected 0.7% and 1.3% month-on-month losses weren’t well received by investors and the Pound posted widespread declines shortly after the data was published. The National Institute of Economic and […]

Non Farm Payrolls Set To Disrupt Currencies - July 3, 2014 9:49

The Pound softened away from yesterday’s new multi-year highs against the Euro and US Dollar at the start of the session as investors looked ahead to today’s ECB policy meeting and the publication of the latest US non-farm payrolls data. Sterling is likely to push higher in the morning if today’s Markit/CIPS UK Services PMI […]

Oil Prices Consolidate Ahead Of Todays Inventories - July 2, 2014 9:13

Crude oil prices continue to consolidate above the $104 per barrel level, with tensions in Iraq and Ukraine creating a nervy marketplace for the black stuff. The sliding price of the US dollar is also helping the cause, with the dollar hitting new lows versus many of its major counterparts. Whilst the situation in Iraq […]

Gold Prices Higher – Were You Watching? - July 1, 2014 13:03

Gold prices continued to push higher yesterday, as investors around the globe start to look for a safe haven, whilst stocks are at their highs. These surges have been fuelled by the uncertainty surrounding the events unfolding in Iraq, as the Iraqi army launched an offensive to take back the city of Tikrit. While stocks […]

USD Weakens Further Against The Pound - July 1, 2014 9:22

The Pound softened against a number of peers yesterday after data showed that mortgage approvals in the UK fell to an 11-month low. Losses were restrained however as the currency continues to be supported by expectations that the Bank of England will be the first major central bank to raise interest rates. Sterling could find […]

Mortgage Data Key To Start of Week - June 30, 2014 9:24

The Pound was softer against the Euro but maintaining its position above the 1.70 level against the US Dollar on Monday. A bout of profit taking by investors over the weekend softened GBP as a whole and on concerns that the election of new EU Commissioner Jean-Claude Juncker could increase the possibility of the UK […]

Are Gold Prices Poised To Make More Gains? - June 27, 2014 12:54

Yesterday seen the first down day for Gold prices this week, after an official from the Federal Reserve started that interest rates in the USA may be increased earlier than had been expected by the markets. This announcement stopped Gold bulls in their tracks in the short-term, but the question remains are Gold prices poised […]

UK House Prices Slow Down - June 27, 2014 10:53

The Pound softened slightly against the Euro on Friday as data released by Hometrack Ltd. showed that UK house prices rose at their slowest pace in five months. The report suggests that demand is slowing as homebuyers become more cautious on the housing market. A separate report released by the GfK showed that confidence rose […]