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Euro rallies again as Yen sinks ever lower
Mike Paterson’s Daily Forex Brief After the consolidation comes the continuation of the trend, as is invariably the way, and we’ve now seen the Euro make further gains with the Yen under pressure once...
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Pound takes another hit in volatile trading
Mike Paterson’s Daily Forex Brief Chaos and mayhem ensued after Friday’s US jobs data despite the figures coming in close to expectation and we saw a blistering session which had traders chasing their...
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Is this the moment of truth for equities
Weekly Comment on the Markets, Politics and Economics by Alastair Winter by Chief Economist at Daniel Stewart Week Ahead Markets Without wishing to sound dramatic, this week could be a moment of truth...
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Euro dips then finds decent support in good two-way business
Mike Paterson’s Daily Forex Brief Yesterday saw a further retracement in the Euro continuing into Asia, but since then we’ve seen a decent recovery across the board. As the concerns over “Euro...
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Euro consolidates as the Pound, Yen and Aussie weaken further
Mike Paterson’s Daily Forex Brief The last 24 hours has seen another volatile day echoing the trend of recent weeks with the Euro consolidating gains and pressure mounting further on the Pound, Yen and...
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Relative calm as traders await BOE & ECB decisions
Mike Paterson’s Daily Forex Brief It’s been a quiet 24 hours as markets await today’s latest decisions on interest rates and QE from the BOE and ECB, but we can expect it all to kick off again soon...
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Euro falls after Draghi comments – Pound and Yen strengthen
Mike Paterson’s Daily Forex Brief Yesterday the BOE and ECB left interest rates and QE on hold as expected, but in the ECB press conference Draghi appeared not to rule out further monetary easing and...
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Euro slides again after US Trade Balance despite EU Budget agreement
Mike Paterson’s Daily Forex Brief I normally refer to the last day of the week as Frantic Friday and the last one didn’t let us down with some highly volatile trading and the Euro continuing to fall....
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Pound under attack again ahead of inflation data
Mike Paterson’s Daily Forex Brief Yesterday I suggested that the Pound was due for another potential slap after GBPUSD had failed to hold above 1.5800 and so it’s proved after a brief respite from its...
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Sterling falls dramatically as investors anticipate BoE easing
The latest Market/CPI UK Manufacturing PMI shows that the index dropped below the neutral 50 point in February into negative territory at 47.9 so having a marked adverse effect on GBP on the foreign...
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Forex trades to watch in a record breaking week
By Richard Wiltshire, Chief Foreign Exchange Dealer at ETX Capital. In what comes as more than a bit of a surprise, considering ongoing uncertainty over US sequestration (Budget sequestration is a...
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Bank of England could leave sterling highly exposed today
Market comment by Nawaz Ali, UK Market Analyst at Western Union Business Solutions Sterling weakness has accelerated again on speculation Chancellor George Osborne will expose a new UK monetary policy...
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Will we see further Japanese yen depreciation?
Commenting on the Bank of Japan’s easing of monetary policy Jaco Rouw, Core Fixed Income Investment Manager ING IM, predicts further yen depreciation. The BoJ surprised markets by announcing a very...
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Chart of the Week: Sterling Exchange Rate
Summary: The pound fell against the dollar this week, as low inflation numbers suggested that the Bank of England could keep interest rates low for longer than previously expected. The Economic...
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Canadian Dollar Poised to Break Higher
The Canadian dollar climbed for the second straight trading session on the heels of a stronger than expected Canadian employment report released this past Friday, and a solid housing starts report. The...
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Leaving EU will ensure it no longer costs-a-lot-a
There has been much debate about the current Government’s controversial discussions to host a referendum in 2017 to decide on Britain’s future within Europe; however research from prepaid currency card...
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Dollar Strength Envelops Currency Markets
Volatility jumped back into the currency markets, with the dollar gaining strength almost immediately after the Federal Reserve announced its interest rate decision and Chairman Ben Bernanke began to...
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Exchange rates – the silent enemy for overseas property buyers
The exchange rate has in the first six months of the year again become the silent enemy of British overseas property-buyers, as well as residents receiving Sterling based income in the Eurozone. This...
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Line drawn under QE helps sterling
The foreign exchange sector reacted positively on the news from the MPC minutes that Mark Carney and the rest of the Monetary Policy Committee voted unanimously against more QE at their last meeting....
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US Dollar: ‘Reserve’ to ‘Laughing Stock’ Currency in Less Than One Century
As we march towards another debt ceiling limit… The U.S. Treasury Secretary, Jacob J. Lew, wrote a letter to Congress this week stating the U.S. government will hit the debt ceiling by October. He...
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