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...
Market Comment 5th March 20145 Mar 2014
European equities are set to ease slightly on the open as traders pause to catch their breath.
After two days of extreme geopolitical turmoil, which saw traders dump risk assets only to have to scramble to buy those same assets back the next day, we are roughly where we were at Fridays close....
AUD/USD update (4th March 2014, 16:00)4 Mar 2014
The Reserve Bank of Australia (RBA) kept rates on hold at its latest meeting, for the seventh month in a row.
The RBA has opted to stand unmoved yet again, but more positive data has helped AUD/USD traders retain a degree of optimism. Strong home building figures helped to provide some reasons for ...
Market Comment 4th March 20144 Mar 2014
European equities are set to creep up on the open as traders take a peek from behind cover.
The initial knee jerk risk off moves lower yesterday seem have hit a temporary floor and now every one is wondering what the next move will be and by whom. As Russian troops run amok in the Crimea, the...
EUR/USD update (3rd March 2014, 16:00)3 Mar 2014
The euro is off versus the US dollar as concerns over tensions in Ukraine have prompted traders to buy safe haven assets.
The euro is trading at $1.3767, down 0.24%; traders don’t like international tension, and the possibility of war between Russia and Ukraine has encouraged them to buy safe haven...
Market Comment 3rd March 20143 Mar 2014
European equities are set to open sharply lower as the weekends headlines sends traders heading for their bunkers.
Another set of weak China PMI’s has hinted at sluggish growth and concerns are that this will hit the GDP estimates at this weeks National People’s Congress, however if China is ...
EUR/USD update (28th February 2014, 15:00)28 Feb 2014
The euro has breached the $1.38 level, following today’s unemployment and inflation data release.
The euro is up 0.7% after the eurozone revealed unemployment had remained unchanged at 12%, while inflation was higher than expected at 0.8%. High levels of inflation are bad for an economy but a certa...