EUR/USD update (22nd May 2013, 13:30)22 May 2013
The euro is higher versus the US dollar ahead of this afternoon's statement from US Federal Reserve chairman Ben Bernanke.
The euro is trading at $1.2928, up 0.18%, as traders wait to hear from Mr Bernanke at 3pm (London time). Lately, there has been talk that the Fed is considering reducing the si...
Market Comment 22nd May 201322 May 2013
European equity markets look set to open marginally lower after what was another strong day for equities on Tuesday.
In what was a quiet day with no major economic data of note in the US, comments made by more Fed presidents proved to be the drivers for markets, again. This time QE was in fav...
EUR/USD update (22nd May 2013, 06:00)22 May 2013
The USD was back in focus as more Fed members hit the wires ahead of tomorrow’s FOMC meeting minutes and Fed Chief Ben Bernanke’s testimony.
Overnight we heard from Fed members Mr Bullard and Mr Dudley. Mr Bullard was quite dovish, highlighting that low inflation makes it hard to make a case for ta...
EUR/USD update (21st May 2013, 12:00)21 May 2013
Ahead of tomorrow’s important speech from US Federal Reserve chairman Ben Bernanke, EUR/USD is a touch lower.
Speculation around the City at the tail-end of last week revolved around the Fed beginning to reduce its quantitative easing measures. Tomorrow Ben Bernanke is unlikely to announce that the...
Market Comment 21st May 201321 May 2013
European equities look set to open a few points lower as fear of a QE slow-down ensues.
Across the pond yesterday various Fed Presidents gave their views on quantative easing. Hints that the Fed may ease back on its bond-buying program eradicated any gains made previously in the equity markets. Spe...
EUR/USD update (21st May 2013, 06:00)21 May 2013
The US dollar lost some steam as investors continue the QE repricing cycle on the back of some mixed comments by various Fed members.
The fall in the USD was mostly blamed on stimulus uncertainty after Chicago Fed President Evans was on the wires with a fairly dovish statement. Mr Evans said ...
EUR/USD update (20th May 2013, 13:00)20 May 2013
The euro is higher versus the US dollar today as dealers close out their short positions.
The euro is trading at $1.2863 today, up 0.2%, as traders are buying back into the currency in order to lock in their profits on short trades. The euro has come down 3% versus the dollar since the beginning of...
Market Comment 20th May 201320 May 2013
European equities are set to open marginally lower this morning, despite strong gains being seen across Asia.
Life is getting harder for market commentators – as there is a finite amount of ways of writing the same piece of news. In case you weren’t aware of the continuing theme in 2013, the US had...
EUR/USD update (20th May 2013, 06:00)20 May 2013
Strength in the greenback was triggered by a better-than-expected consumer confidence reading, which showed the strongest print since July 2007.
The move higher in the USD weighed on the risk FX space, as EUR/USD lost ground. The pair dipped just below $1.28 on Friday, but has since managed t...