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.

Dollar weakens against major currencies - September 29, 2010 23:55

The euro, pound and yen are among major currencies that have taken advantage of a weaker dollar again this week. The dollar, already sluggish in lieu of ongoing unemployment concerns, slid further following the Fed’s announcement last week that it plans to buy US Treasuries to effectively infuse cash into the economy.

Euro moves higher against dollar - September 15, 2010 22:02

The euro traded as high as $1.3038 earlier Wednesday (September 15) and currently sits at $1.3011 after upbeat US data this week has cause some speculators to move away from the dollar and into more high risk investments.

Euro falls hard on renewed European debt concerns - September 8, 2010 16:12

The euro has dropped sharply in the last 36 hours after new data showed risky debt held by European banks could be a bigger problem than was previously indicated.