GBP/USD update (6th December 2013, 14:00)6 Dec 2013
The pound is higher versus the US dollar after the UK inflation expectations increased.
The GBP/USD pair is trading a $1.6357; up 0.15% after the British consumer inflation expectations report increased from 3.2% to 3.6% on the quarter. The data shows that the Bank of England’s stimulus package has...
EUR/USD update (6th December 2013, 12:00)17 seconds ago
The euro is broadly unchanged versus the US dollar as dealers wait for the unemployment report from the US.
The EUR/USD pair is trading at $1.3668, down slightly on the day as traders dally ahead of the non-farms payrolls and US unemployment reports at 1.30pm (London time). The data is considered t...
Market Comment 6th December 20136 Dec 2013
This is it, the day of the big job number. For all of this weeks jostling, this is what traders have been building themselves up for and as always before such high impact events, markets are looking to start flat as both the bulls and bears limber up on the sidelines butting heads. Traders see...
EUR/USD update (05th December 2013, 14:30)5 Dec 2013
The euro is broadly unchanged versus the US dollar as traders wait for the European Central Bank (ECB) to make its interest rate decision.
The EUR/USD currency pair is dancing around the $1.36 mark as dealers play the wait-and-see game ahead of the interest rate decision at 12.45pm. The market was ...
Market Comment 5th December 20135 Dec 2013
Marginal declines are expected once more in Europe as trepidation builds ahead of Friday’s payroll figures. Yesterdays batch of conflicting data provided a heady roller coaster for traders to try and ride out, and another busy day on the release front is expected to test their stomach. The two cent...
EUR/USD update (04th December 2013, 15:00)4 Dec 2013
A mixed bag from the eurozone purchasers manager index (PMI) has left the EUR/USD pairing supported by the 50-day moving average, but unable to gain traction through the 1.36 level.
Final services PMI for the eurozone beat expectations, coming in at 51.2 versus the expected 50.9. Individually...
Market Comment 4th December 20131 minute ago
Who knows if good economic news will ever be good for markets again, but at the moment the bulls seem to be resembling Ebenezer Scrooge as improving economic fundamentals are fuelling fears of an immanent withdrawal of loose monetary policy. Despite the marginally positive start, traders are feelin...
USD/JPY update (03rd December 2013, 16:00)3 Dec 2013
While USD strength was the most dominant theme in FX markets, renewed yen weakness was also a mild driver of sentiment.
USD/JPY rallied to 103.13 overnight as the USD got a kick from the better-than-expected ISM manufacturing PMI data (57.3 versus 55.1). This was the fastest pace of US manufacturin...
EUR/USD update (03rd December 2013, 16:00)3 Dec 2013
The euro is currently in the black versus the US dollar, as dealers are closing out their short positions on the currency.
Yesterday morning saw poor manufacturing data from Spain, which weighed on the euro. However, today the single currency is trading at $1.3585, up 0.3% on the day, as traders wh...