Market Comment 17th March 201436 minutes ago
European equities are set to edge down following the Crimea referendum.
Exit polls have suggested that their was overwhelming support from the local populace to leave the Ukraine and become a part of the Russian Federation. The result probably won’t be a surprise to markets as it was widely expecte...
GBP/USD update (14th March 2014, 18:00)14 Mar 2014
In the absence of major economic news, we have seen GBP/USD drop back from the mid-February highs, but $1.66 seems to be holding for now.
The week has not been particularly busy for GBP/USD traders, with little important news. As a result, we’ve seen the currency drift lower, with the 50-day moving...
USD/JPY update (14th March 2014, 17:00)14 Mar 2014
Yet another session has begun with declines for USD/JPY, but we are heading towards recent lows that have seen significant support.
The general risk-off atmosphere has seen traders shift away from the dollar and towards its Japanese counterpart, worried by slowing Chinese growth and increasing tens...
Market Comment 14th March 201414 Mar 2014
European equities are set to open lower as the risk off sentiment continues.
Yesterdays declines continued after the European close, accelerating in the US and infecting Asia. With no good news looking likely to arrive to support markets, there seems little reason for markets to buck the down...
EUR/USD update (13th March 2014, 14:30)13 Mar 2014
It has taken until Thursday, but finally EUR/USD has woken up from its slumber.
European Central Bank members are continuing to toe the party line, as they confidently state that the EU’s fragile recovery is still moving in the right direction, regardless of the global issues destabilising equity m...
Market Comment 13th March 20141 minute ago
A bounce is expected for the European indices this morning on the open, but in relation to this weeks declines they look negligible. Whilst a little highly speculative bargain hunting may be contributing to today’s higher open, it’s probably more of a case of short covering and traders getting flat...
AUD/USD update (12th March 2014, 14:30)1 second ago
The broadening risk-off sentiment has hit AUD/USD, which continues its downward run.
Aussie traders will be keeping a close eye on tomorrow’s employment data, with bulls hoping for a strong reading. That might be difficult, given the way the Chinese economy (which has a major impact on Australia) h...
EUR/USD update (12th March 2014, 14:30)1 second ago
A lack of news has meant the euro has failed to move meaningfully in either direction in recent sessions, but it continues to hold on to the post-ECB gains.
It has not exactly been a riveting week for EUR/USD traders, given that the currency pair remains stuck in an 80-point trading range.
Market Comment 12th March 201412 Mar 2014
European equities are set to dip on the open as worries from overseas markets hit our shores. Despite showing some hearty resilience of late, rattled traders in the US and Asia are beginning to take their toll on Europe’s domestic markets.
The Ukraine crisis had been bubbling away in the background...