Sterling Has Had Difficulty As of Late
02/12/09 12:27
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Todays Forex Notes
Sterling has had a difficult few days, until being saved by a bout of risk aversion on positive US data, and for once it is not the policy outlook weighing on the currency. The problems in Dubai have led to some suspicion that Middle Eastern entities will need to liquidate holdings in the UK to establish a cash buffer case the problem spreads. Read More...
GBP Suffered Resulting from BoE Minutes
19/08/09 21:04
The Deparment of Energy's crude oil inventory data
sharply surprised investors as they reported a
drawdown of 8.4 million barrels versus a build of 1.2
million. WTI crude oil jumped on the back of the
report and continued to gain throughout the session,
climbing to $72.20 at the time of writing.
Correlations continue to show an inverse relationship
between the dollar and oil prices but the USDJPY/oil
correlation has noticeably started to shift.
ECB Governing Council member Weber said the surprise expansion of German Q2 GDP occurred largely because of stimulus measures already introduced and the increase may therefore not be sustainable. He warned that the German economy is likely to recover only slowly with GDP growth unlikely to reach levels seen in 2008 until 2013. Weber's comments echo ZEW president Franz who said, "There is, however, no reason for euphoria. The German economy develops parallel to the world economy and should, hence, recover only gradually." 3mo view EUR/USD 1.30
Read More...
ECB Governing Council member Weber said the surprise expansion of German Q2 GDP occurred largely because of stimulus measures already introduced and the increase may therefore not be sustainable. He warned that the German economy is likely to recover only slowly with GDP growth unlikely to reach levels seen in 2008 until 2013. Weber's comments echo ZEW president Franz who said, "There is, however, no reason for euphoria. The German economy develops parallel to the world economy and should, hence, recover only gradually." 3mo view EUR/USD 1.30
Read More...
Cable taking a Sterling Pounding
02/09/08 21:41
Cable taking a Sterling Pounding on slow growth and
call for substantial cuts
At the peril of many day traders, thin liquidity over the holiday weekend has further compounded the extensive August moves. Unless your method of trading is suitable to current conditions, take caution until efficiency and price stability take effect.
Read More...
At the peril of many day traders, thin liquidity over the holiday weekend has further compounded the extensive August moves. Unless your method of trading is suitable to current conditions, take caution until efficiency and price stability take effect.
Read More...
GBP/USD Likely to see price stability in the near term
14/08/08 20:49
Pound suffered losses against the major's for 9
consecutive days. While GBP has suffered partially
due to Eurozone weakness reflected in GDP, the UK
remains behind the curve of market reaction to
pricing in declining economic growth and tightening
of interest rate spreads vs the majors. Read
More...
USD can't find reason to rally amid the negative sentiment and data
02/07/08 23:43
Naturally, the USD can't find reason to rally amid
the negative sentiment and data. ADP employment
reported showed -79k contraction in the private job
markets, much worse than expectation of -20k.
Read
More...