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...
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...