EUR/USD update (10th March 2014, 13:00)10 Mar 2014
EUR/USD remains above $1.38, although currently it is broadly unchanged this morning due to lack of economic news.
The near 400-point bounce in EUR/USD is still intact, but the currency cross shows little inclination to push towards the $1.39 level at the moment.
We have seen EUR/USD edge out of ov...
GBP/USD update (10th March 2014, 12:30)10 Mar 2014
The British Chambers of Commerce might expect the UK economy to surpass its pre-crisis peak, but that hasn’t stopped heavy selling in GBP/USD today.
The sunny weather has given way to cloud cover by midday in London, and sterling’s outlook looks gloomier at present, despite the fact that we are abo...
Market Comment 10th March 201410 Mar 2014
European equities are set to open flat as traders tread cautiously.
The negative cues seem to be stacking up, China, Ukraine and a good Non Farms pointing to no slow down in tapering are not a conducive environment for bulls. However, equities have shown a remarkable ability to shrug off nega...
EUR/USD update (7th March 2014, 13:00)7 Mar 2014
Mario Draghi inspired the pair to shoot through the key $1.38 level, and so far the gains appear to be holding on.
A near two-month high for EUR/USD does not necessarily signal that traders believe the worst is over for the eurozone, even if Mario Draghi thinks the currency union’s overall economy ...
AUD/USD update (7th March 2014, 12:00)7 Mar 2014
It has been a soaraway time for AUD/USD, as the antipodean currency bounces out of its short-term downtrend to rise to its highest level since mid-December 2013.
The downtrend has been broken and the Aussie is racing higher, pushing above the mid-January high. The currency cross has ignored a subdu...
Market Comment 7th March 20147 Mar 2014
European equities are set to open little changed as traders pass the time till Non Farm Payrolls.
As always, everyone’s speculating as to the outcome but interestingly it appears that what ever the number the market’s expected to remain buoyant. If it’s a bad number, so what, the markets will...
EUR/USD update (6th March 2014, 14:00)6 Mar 2014
The euro’s drift lower over the last couple of trading days highlights the uncertainties surrounding the currency.
The fact that the last two trading sessions on Monday and Tuesday have ultimately seen EUR/USD drop by just four pips, while at the same time having a range of 75 pips, demonstrates th...
Market Comment 6th March 20146 Mar 2014
European equities are set to edge higher on the open tracking overnight gains in Asia but upside potential is expected to be limited ahead of central bank meetings.
As the fifth year of 0.5% interest rates from the BoE passes, speculation continues to mount over whether it will marks its sixt...
EUR/USD update (5th March 2014, 15:00)5 Mar 2014
The euro is broadly unchanged versus the US dollar as traders await the European Central Bank interest rate decision tomorrow.
The EUR/USD is trading at $1.3727, generally flat on the day. Volatility is low in the wake of the political stalemate between Ukraine and Russia, and dealers are looking a...