Sterling Stages Surprising Recovery - February 3, 2011 18:36

The pound has staged a remarkable recovery this week after very poor Q4 GDP figures released earlier this month. It would appear that traders over did the sterling sell off on fears of a UK double dip recession. This week we have seen a rapid expansion in the CIPS manufacturing index on Tuesday and today […]

Global Stocks Decline on Debt Fears - January 10, 2011 18:51

The cost of insuring European sovereign debt against default has risen today to a record high as Portugal, Spain and Italy prepare to borrow $43 billion this year. The fallout of the concern caused by this is a marked decline in risk appetite and subsequent decline in global stock markets

US Recovery Gathers Momentum with Service Sector Expansion - January 5, 2011 18:20

The US Economic recovery seems to be gathering momentum moving into 2011 as service sector expansion reaches the fastest pace since May 2006.

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.

Bernanke Threatens Extension of QE past $600 Billion - December 6, 2010 17:51

Bernanke the chairman of the federal reserve has said today that the US might need to extend bond purchases past the the $600 billion announced last month to spur on economic growth. The argument for this extension is based upon fears that the US economy is expanding at a bairly sustainable pace and ongoing fears […]

US Dollar Strength Calms on Risk Appetite Reversal? - December 2, 2010 18:23

The US Dollar remains strong yet the march downards has halted today on both cable and EUR/USD. Yesterday most positions were heavily weighted net short, yet now it seems that the order book is more mixed as traders appreciate renewed risk appetite and the subsequent stock market gains.

Irish Bailout Speculation Drives Markets - November 18, 2010 18:24

Ireland has finally admitted today that it may ask for a bailout as ECB President Jean-Claude Trichet signaled debt ridden nations can’t rely on him to keep their financial systems afloat forever. Lehinan has said that he would welcome contingency capital from the EU’s rescue fund. There is however now a growing concern that banks […]

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 […]

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 […]