EUR/USD update (19th June 2013, 06:00)1 hour 2 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)13 minutes ago
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...
Market Comment 13th June 20131 second ago
European equities are set to slump on the open as persistent weakness in the US and Asia spills over.
The sell off from the 22nd May high, although interspersed with a few upticks, is set to continue as the thought of a world without quantitative easing makes markets shudder. Despite some better th...
Market Comment 12th June 201312 Jun 2013
European equity markets are set to open significantly lower as the fear of liquidity withdrawal intensifies.
The thought of a life with out a central bank backstop isn’t going down too well with markets at the moment. With the Fed trying to communicate some cloudy message about the tapering o...