US Dollar Strengthens against the Single Currency over Portugal’s Debt Crisis - March 25, 2011 17:08

The greenback strengthened against the euro on Friday as the investors were uncertain about the debt situation in euro zone. The news of reduced credit rating for Portugal by Standard and Poor weakened the single currency. Standard and Poor cut down its credit rating to BBB from A minus for Portugal which has made Portuguese […]

The US Dollar Advances on Stability in Oil Prices - March 8, 2011 16:15

The US dollar gained on Monday after hitting its lowest in four months against the single currency. However the US stock markets recovered as crude oil prices witnessed some correction after hitting $107 per barrel. The traders were uncertain about the increasing energy prices and future of interest rates. The dollar index DXY which measures […]

Euro nears $1.40 as global tensions soften - March 3, 2011 15:51

Major financial markets are reacting early Thursday (March 3) morning to word from the Arab League that it is seeking ways to end the crisis in Libya. Heightened revolution and political tension in the Middle East has dominated global news during the last few months. It has also impacted speculation in many investment markets.

The Greenback faces Correction Versus the Swiss Franc on Consumer Price Inflation Data - February 17, 2011 19:22

The US dollar declined further against the Swiss franc after the release of US consumer price inflation data, according to which the core consumer price inflation increased more rapidly in the month of January as compared to any other month in the last year. However experts were of the opinion that high consumer price inflation […]

UK Inflation News Dominating FX Markets - February 14, 2011 18:09

This week will be crucial for the pound ahead of growing uncertainty over the outlook for the UK economy. Markets will watch closely the widely anticipated Quarterly inflation report due for release on Wednesday. Inflation news has been dominating price action in the past fortnight and is likely to continue to set the precedent moving […]

Dollar gains on global political uncertainty - February 12, 2011 14:25

It is a amazing that despite some improving signs on the domestic economy, it is developments in Egypt that have helped prop up the dollar in early Friday (February 11) currency trade.

Bank of England Monetary Policy Remains On Hold - February 10, 2011 18:32

The Bank of England has today announced as expected that monetary policy will remain on hold. Interest rates will stay at 0.5% and Quantitative Easing is to remain at £200Bn. This was widely anticipated by the markets yet was met with volatility. The pound subsequently rallied against the Euro reaching 1.1842 in trade this afternoon. […]

Markets Consolidate Ahead of UK Rate Announcement - February 9, 2011 18:41

Currency markets have consolidated today ahead of the Bank of England’s rate announcement tomorrow at 1200. Markets have scaled back expectations of any imminent increase in rates and expect monetary policy to continue on its current track at least until May. Some more extreme views from analysts at HSBC have put forward a case for […]

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 […]