EUR/USD update (20th June 2013, 06:00)19 minutes ago
The main theme from the US trade was a USD rally on the back of the FOMC meeting.
The market was positioned for a fairly cautious tone from the Fed and many were surprised by the hawkish tone. The key things to take-away from the Fed were that the downside risks to the economy and the labour market...
Market Comment 19th June 201319 Jun 2013
European equities are set to open flat as traders brace themselves ahead of the FOMC meeting.
Debate over the longevity of the Feds bond purchase programme has fuelled much of the recent volatility in financial markets and traders will be hoping, at the least for some form of clarity about its futu...
EUR/USD update (19th June 2013, 06:00)29 minutes ago
It was a relatively mixed session for the FX space as uncertainty around the FOMC meeting took control of sentiment.
The question now is whether markets got ahead of themselves in pricing in a Fed asset purchase tapering over the past number of weeks. Price action across all asset classes shows a c...
EUR/USD update (18th June 2013, 12:00)18 Jun 2013
While this morning traders will look towards UK inflation figures, this afternoon’s attention will be on those of the US, as they could help to give a clearer picture of their road to recovery.
The G8 conference in Northern Ireland continues today, following last night’s delegate statements that th...
EUR/USD update (18th June 2013, 06:00)18 Jun 2013
The single currency has been remarkably resilient, but EUR/USD has struggled to advance past $1.338.
This has capped gains in the near term, and we feel a significant catalyst will be needed to nudge through it. With ECB President Mario Draghi on the wires, along with the German ZEW economic ...
EUR/USD update (17th June 2013, 13:30)17 Jun 2013
The euro jumped higher versus the US dollar after strong German data showed a sign of recovery in the eurozone.
Germany, the strongest economy in the eurozone, revealed a 3.9% increase in wages for the first quarter of 2013 – the largest jump in wages in four years. This provided a boost to the eur...
Market Comment 17th June 201317 Jun 2013
A tepid start is expected in Europe as traders bide their time until this week’s main driver, the FOMC meeting, concludes and releases its statement.
With the G8 focussed on Syria and domestic economic data taking a back seat, only a couple of meeting minutes from the RBA and BoE may punctuate what...
Market Comment 14th June 201314 Jun 2013
European equities are set to open higher as markets steady themselves ahead of next weeks FOMC.
Equities finished well off their lows yesterday as short term bearishness appeared to peak and a partial short squeeze took place. However, this doesn’t mark a turn around in sentiment and more of ...
EUR/USD update (14th June 2013, 06:00)14 Jun 2013
The US dollar was back in focus in yesterday’s US trade, with unemployment claims and retail sales on the wires.
Retail sales came in at a better-than-expected 0.6% (versus 0.4% consensus), while core retail sales were in-line with estimates at 0.3%. Unemployment claims dropped to 334,000 (ve...