FX Market 12th October 2010 - October 12, 2010 18:49

Global stock markets have declined today, the USD has come off its highs and is trending back towards support. The fed is releasing its minutes from the 21st September meeting this evening at 1900. The market will be looking to these minutes to establish how the Fed intend to ease monetary policy and undergo QE2.

FX Market Update 11th October 2010 - October 11, 2010 17:23

All eyes at the moment are on the USD. Many traders believe that we could see a substantial USD correction if there is a delay in QE from the US. It would appear that QE had already been priced in to the market, so any alteration in rhetoric from Bernanke and we could see the […]

Dollar in trouble following job’s report - October 8, 2010 20:52

An already weak US dollar took another hit early Friday (October 8) morning following the latest report on jobs. According to new Labor Department numbers, 95,000 workers were cut by US employers during the month of September.

FX Market Update 8th October 2010 - October 8, 2010 17:26

Employers in the US have cut considerably more jobs than expected, cutting 95,000 jobs leaving the current unemployment rate in the US at 9.6%. Following this announcement the global stock markets have declined pulling back some of the gains gathered this week so far.

FX Market Update 7th October 2010 - October 7, 2010 12:21

Today has been an extremely volatile day in the FX markets, Halifax House price data has shown this morning that house prices have dropped the most since at least 1983. The figures were expected to show a 0.2% decline and came out at -3.2%. This could be the initial signal that we are heading back […]

FX Market Update 6th October 2010 Market Close - October 6, 2010 17:21

Today has been a day of continuation of trends. GBP/EUR has declined, EUR/USD has gained and GBP/USD continues to test resistance just above 1.59. Global Stocks also continue to gain with risk appetite firmly present in the marketplace.

FX Market Update 5th October at Market Close - October 5, 2010 18:46

Bernanke has said that the placement of financial rules are required in order to get the US back on a more sustainable fiscal path. It is evident that a number of Western country’s could benefit from these kinds of measures. Significant budget deficit’s are becoming common place in many countries globally as huge amounts of […]

FX Market Update 5th October 2010 - October 5, 2010 10:59

The single currency finished up vs the dollar last night and is up 0.6% in this morning’s trading trading. Traders have noted a potential Euro sell opportunity on the basis that the Euro is overbought and retracement is becoming a distinct possibility against the US Dollar and the Pound. Continued concerns over the debt problems […]

FX Market Update 4th October 2010 - October 4, 2010 15:02

Last week saw significant volatility in FX markets, the Euro gained against both Sterling and the US Dollar despite problems in Ireland and the announcement of an Allied Irish Bank bailout package set to cost the Irish tax payer €50 billion.