Inflation Rises But Unemployment Unchanged - July 16, 2014 9:45

The Pound made solid gains against the Euro and most other major peers on Tuesday after data showed that inflation in the UK increased more-than-expected last month to 1.9%, just off of the Bank of England’s target of 2%. Against the US Dollar the Pound briefly touched a new six-year high before easing later in […]

Gold Falls But Higher Prices May Be On The Horizon - July 15, 2014 12:40

Gold prices fell sharply yesterday (Monday 14th) as a stop triggering run plunged the shiny stuff back to the top of the mid June spike. A general boom on the stock market has been chosen as the catalyst by many analysts, but as we well know, Gold is a beast for spiking and running those […]

Forex Report For The Coming Week - July 14, 2014 9:39

The Pound remains close to a six-year high against the US Dollar despite softening slightly at the end of last week as a result of the release of weaker-than-expected construction data. The data showed that construction output dropped by 1.1% in May, the largest drop seen since February. Further losses were restrained as the data […]

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 […]