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 […]

Sterling Jumps on Improved Sentiment - February 7, 2011 18:17

The Pound has made gains today across the majority of the most actively traded currencies. Gains can be attributed to improved sentiment driving the market. For the last couple of weeks the pound has suffered from negative sentiment caused by very poor Q4 GDP figures for 2010. The reversal has however been driven by last […]

US Stocks and Precious Metals Reach All Time High’s - December 7, 2010 19:36

The S&P 500 has risen to the highest level since September 2008 today. This happened after President Barack Obama agreed to extend tax cuts, Copper and Gold rose to record highs as a result of this news.

US Non Farms Takes Centre Stage - December 3, 2010 18:25

Nonfarm payrolls in the US advanced 39,000 in November after climbing 172,000 last month amid economists’ forecasts of a 150,000 gain. The US unemployment rate rose to 9.8 percent to mark the highest level since April of this year. The breakdown of the NFP report indicates that private payrolls rose 50,000, marking the lowest reading […]

Euro suffers on threat of ongoing debt concern - November 29, 2010 18:38

The EU governments €85bn package has as expected failed to ease growing concern over the rest of Europe’s finances. The Euro’s stock, bond and currency markets all attest to this and will undoubtedly continue to suffer this week. Eurpoean stock markets have fallen 2% today as traders are becoming increasingly risk averse. The effect of […]

Ireland Faces Severe Austerity - November 24, 2010 18:23

Ireland’s government has said today that spending will be cut by 20% and taxes will rise over the next 4 years as the ongoing bailout talks approach a conclusion. Welfare will be cut by €2.8 bn and income tax will rise to €1.9 billion. The plan is to rapidly narrow the budget deficit reigning in […]

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. […]

FX Market Update 22nd October 2010 - October 25, 2010 17:24

All eyes are focused on GDP for the US and the UK this week. We have (Q3) Preliminary GDP from the UK tomorrow morning with the figure forecasted at just 0.4%. If this is the case, this represents a significant slowing in the economic recovery and will weigh on the pound with concern over additional […]

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 […]