UK Exposed to Irish Bailout? - November 16, 2010 19:07

This afternoon we have heard that the UK has a 13% exposure to the Irish debt situation and has therefore been called upon to help in a bailout package that could total upto €100 billion Euro’s. Mervyn King has stated that the UK’s exposure is by no means trivial which is in most traders eyes […]

US Retail Sales Climbs 1.2% and ECB sees Aid Necessary for Irish Banks - November 15, 2010 18:10

Retail sales figures in the worlds largest economy rose 1.2% today after climbing 0.7% last month. Stock markets have surged on this good news up 0.45% on the close as investors gain confidence in the US markets. The rise in retail sales was led by car sales and non-store retailers, both indicate that consumer demand […]

US Consumer Sentiment climbs to a five month high - November 12, 2010 18:32

US Consumer confidence has climbed to a five month high as improved labour market conditions, increasing wages and rising stock prices lift spending in the US.

BoE Inflation Report Unexpectedly Hawkish - November 10, 2010 18:59

The BoE inflation report led to a significant Sterling rally accross the board due Hawkish comments stating that consumer prices are around target in the medium term. The report went on to say that there was a high probability that the BoE Chancellor Mervyn King would have to write an inflation letter to the Chancellor […]

Is the Fed’s Stimulus Package and Inflation Time Bomb? - November 3, 2010 18:24

The Fed’s announcement will be upon us very soon. Traders now wait with baited breath to see whether the Fed will deliver just what everyone expects them to deliver. They will probably restart the asset purchasing program this evening even as growth is expected to accelerate to 2.6 in the second quarter of next year. […]

Global Stocks Rally On Fed cash injection announcement tomorrow - November 2, 2010 19:16

Global Stock markets have continued to rally today amid expectations of stimulus packages. Benchmark US Stock indices have reached 6 month highs. Risk appetite is firmly back in place in the markets with speculators contemplating the measures that will be brought into the market place to stimulate the US economy and the upcoming election results […]

US ISM Expands at a faster rate than expected - November 1, 2010 18:09

The world’s largest economy has today posted Manufacturing activity gains at the fastest pace in five months. The ISM Index has advanced from 54.4 last month to 56.9 this month. This release represents a significantly better than expected growth in this sector amid forecasts for 54.0. Economists are arguing that Manufacturing is at the head […]

FX Market Update 26th October 2010 - October 26, 2010 19:01

Today opened with a big surprise for the UK economy, the preliminary Q3 GDP figures released at 0930 this morning indicated that the economic slow down is not as poor as previously thought. The market expectation was that the figure would be announced at 0.4%, it was actually released at 0.8%, giving Sterling a much […]

FX Market Update 21st October 2010 - October 21, 2010 17:09

The pound has slumped to a daily low of 1.1226 against the Euro. This break through technical resistance could see further declines from here towards the next level of support between 1.10 and 1.0950. It is remarkable how quickly the Euro has strengthened against both the pound and the USD and it looks set to […]