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 […]

GBP Rate – Pound Held Back By Carney’s Comments - June 26, 2014 9:10

The Pound remained lower against most of its major peers as it continued to be weighed down by Tuesday’s dovish comments by Bank of England Governor Mark Carney. Sterling briefly slipped to a one-week low against the US Dollar before regaining ground following poor US data and edged further away from the key 1.25 level […]

Oil Prices – US Lifts Oil Export Ban After 40 Years - June 25, 2014 10:02

It’s only taken 40 years to change, but The US Commerce Department has given the green light to several businesses to start once again exporting crude oil, a huge policy change to a controversial ban which has stayed in place for the last four decades. But the question remains, will this solve the volatility in […]

GBP Rate – No Push Higher – Yet - June 25, 2014 9:33

The Pound fell below the key 1.50 level against the Euro and the 1.70 level against the US Dollar yesterday after the currency was weakened by dovish comments made by Bank of England Governor Mark Carney. In testimony to parliament’s Treasury Committee, Carney said the exact timing of rate rises would be driven by data […]

Clarity On Interest Rates Needed For GBP Rate To Progress - June 24, 2014 11:00

The Pound is little moved against its peers but is holding close to a five year high against the US Dollar and is maintaining gains against the Euro. With a lack of market moving data releases there is likely to be muted trading. However, a speech due to be given by Bank of England Governor […]

Gold Price – Bulls Have The Technical Advantage - June 23, 2014 20:06

The price of Gold, in todays U.S. session, is marginally higher (Monday). The technicals show a huge spike in prices from the end of last week, (the largest one day rise this year) and on the back of that some profit taking has featured to begin the trading week. The silver and gold bulls will […]

Crude Oil Prices Make Their Move Higher On Iraq Concerns - June 23, 2014 15:37

Two days of solid rises in Oil prices at the end of last week, pushed Crude to new highs for the year, with the scenario in Iraq continuing to get worse by the minute, amid worries over disruption to oil supplies. Investors are homed in on the developments in Iraq, where militants are apparently participating […]

GBP Rate – The Pound Just Keeps On Going - June 20, 2014 9:19

GBP continued to trade at a five-year high against the US Dollar as a result of uncertainty over US interest rates and was higher against the Euro after the release of weaker than expected German PPI data. Sterling could make further advances if today’s UK public sector borrowing data comes in positively. US Dollar The […]

Gold Ramps Home Its Single Biggest Rise This Year - June 19, 2014 19:39

And as if by magic, the price of Gold is on course for the largest daily increase this year, being ramped up by investors (who were caught with their trousers down) by the prognosis for sustained low rates of interest from the Federal Reserve. Gold futures contracts for August delivery, the front month contract, increased […]