EUR/USD update (05th December 2013, 14:30)3 minutes ago
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 20134 Dec 2013
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...
Market Comment 3rd December 20133 Dec 2013
The Christmas spirit doesn’t quite seem to have made its way to the bullish camp yet as another soft start is expected for European equities. A host of reasons were given for yesterday’s declines from the drop in the gold price to the better than expected US Manufacturing PMI heralding in the end o...
EUR/USD update (02nd December 2013, 15:00)2 Dec 2013
The euro is off versus the US dollar after Spain announced a poor set of manufacturing numbers.
The euro is trading at $1.3542, down 0.35% as the Spanish manufacturing purchasing managers index dropped to 48.6 in November – a six-month low that come in both under expectation and the 50.0 cont...
Market Comment 2nd December 20132 Dec 2013
European equities are set to edge lower on the open as caution spreads amongst traders ahead of a busy week on the economic data front.
Despite the marginal declines though, bulls are hanging on in hope that the historic norm of a December Santa Claus rally holds true. The recent rally has lo...