Analitics
The UK - stuck between a rock and a hard place
The pound has been taken a bettering this morning after credit rating agency Moody’s said that the UK’s Aaa credit rating was at risk if 1, growth continues to slow and 2, the UK decides to slow down its fiscal consolidation plans.
Source: Forex.com
08.06.2011
Greenback softer as Fed Chairman speaks
The greenback continued to trade on the back foot, weakening against all of its major counterparts with the exception of the Swiss franc.
Source: Forex.com
07.06.2011
The euro: the growth currency of the developed world
The recent bout of weakness in global economic data has coincided with a surge higher in EURUSD above 1.4500 and EURGBP above 0.8900.
Source: Forex.com
06.06.2011
Payrolls hold the key for risk sentiment
It seems like fears about the Greek sovereign debt crisis have been replaced by fears over global growth as the chief driver of risk appetite. The IMF/ EU and ECB are expected to make an announcement today that will report the findings of the troika’s audit on whether Greece is meeting its fiscal and privatization targets under the current bailout plan.
Source: Forex.com
03.06.2011
Choppy trading ahead of NFP
Trading was choppy ahead of Friday’s much anticipated jobs report with both U.S. equities and the greenback ending lower – the DJIA closed -.34% to 12248 and the USD Index lost -.70% to around 74.33.
Source: Forex.com
02.06.2011
Signs grow that global output is slowing
Everyone has been talking about it for a while, but today there was hard evidence that a global manufacturing slowdown is taking place. PMI data from the Eurozone, the UK and China all moderated last month, and this is expected to continue when the US releases its ISM manufacturing report later this week.
Source: Forex.com
01.06.2011
Germany caves in to demands to help Greece
Just over a week ago the euro was floundering and had dipped below 1.4000, today it is back above 1.4400. This sharp move higher is down to two things: reports overnight that Germany will support further aid to Greece without first demanding a partial restructuring or burden sharing between taxpayers and private investors.
Source: Forex.com
31.05.2011
Euro dominates matters in a quiet session
In what turned out to be a predictably quiet holiday session in New York, headlines out of Europe were the main fodder for markets today.
Source: Forex.com
30.05.2011
Ones to Watch: GBPUSD
The recent run in the pound has been impressive. It's up nearly 1 per cent across the board and GBPUSD is currently above 1.6400. But is this likely to last?
Source: Forex.com
27.05.2011
Greece and IMF
It has been a wild afternoon in the markets. What looked like a risk-on scenario shifted to risk-off once the President of the European Council Jean Claude Juncker commented on what would happen if Greece didn’t receive its next tranche of aid.
Source: Forex.com
26.05.2011
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