Daily FX Commentary

30 January 2015 - Commodity currencies spiral lower as speculation for CB rate cuts intensifies

By Alex Edwards
United States Dollar: The greenback strengthened yesterday and cable fell back under 1.51 to a low of 1.5034. Better than expected US Unemployment Claims supported the move. Th... read more

29 January 2015 - FOMC language changes but statement ultimately fails to surprise

By Alex Edwards
United States Dollar: GBP/USD ticked higher yesterday morning and traded to a high of 1.5219. Investors were busily re-positioning ahead of the FOMC announcement that evening an... read more

28 January 2015 - New Greek cabinet announced as Eurozone CPI data comes into focus

By Jake Trask
United States Dollar: The first estimate of UK Q4 GDP was released yesterday with both the quarterly and annual figures both undershooting what the markets were expecting. The qu... read more

27 January 2015 - Disappointing UK GDP data sees GBP/USD fall

By Jake Trask
United States Dollar: Yesterday was a positive start to the week for Sterling with GBP/USD pushing higher as the day went on. After dipping below 1.50 at the end of the week it m... read more

26 January 2015 - Euro drops to an eleven year low as Syriza win Greek elections

By Alex Edwards
United States Dollar: The pound actually held up pretty well on Friday as the sell-off in EUR/USD weighed on most dollar cross rates. The fall-out from the ECB’s QE announ... read more

23 January 2015 - ECB unveils €1.1T QE programme to save Eurozone

By Jake Trask
United States Dollar: The dollar gained across the board yesterday as events from Frankfurt dominated the news, more to follow. Cable has dropped overnight to below 1.50 for the ... read more

22 January 2015 - ECB set to announce QE programme today

By Alex Edwards
United States Dollar: The pound snapped lower yesterday morning as the Bank of England MPC minutes showed that members voted unanimously to leave interest rates on hold, this aft... read more

20 January 2015 - Quiet start to week ahead of key ECB press conference

By Jake Trask
United States Dollar: It was a quiet start to the week data-wise yesterday as Americans enjoyed a national holiday to celebrate Martin Luther King day. Cable started the London s... read more

19 January 2015 - Fallout from SNB bombshell continues as ECB decision comes in to focus

By Alex Edwards
United States Dollar: Volatility and the fallout from the SNB news last week continued on Friday as EUR/CHF dropped from 1.0224 to a low of .9748. It has recovered to open this ... read more

16 January 2015 - Surprise SNB announcement sends shock waves through financial markets

By Alex Edwards
United States Dollar: News that the Swiss National Bank had abandoned its EUR/CHF floor at 1.20 dominated the financial market headlines yesterday. The central bank also announc... read more

14 January 2015 - Core CPI numbers support Sterling

By James Mills
United States Dollar: A volatile day for Sterling yesterday as official figures showed UK inflation fell to its lowest level since May 2000. Annualised Consumer Price Index for... read more

13 January 2015 - Commodity currencies slide as metal prices slump again

By Alex Edwards
United States Dollar: It was a relatively quiet day in FX yesterday. The dollar made some early gains and GBP/USD fell to a low of 1.5105. The pound was also dragged lower by n... read more

12 January 2015 - Dollar weakens as traders look beyond the solid US jobs report

By Alex Edwards
United States Dollar: The dollar has softened a little since Friday, this despite the release of a stronger than expected US jobs report. Non-Farm employment data showed that 25... read more

09 January 2015 - Dollar index closes in on ten year highs

By Alex Edwards
United States Dollar: The greenback has continued to strengthen and the dollar index is trading at close to 10 year highs. GBP/USD fell to a low of 1.5034 yesterday as the pound... read more

08 January 2015 - Dollar remains strong in wake of latest FOMC minutes

By Alex Edwards
United States Dollar: The theme in currency markets on Wednesday was one of dollar strength. GBP/USD started the day at 1.5150 but gradually lost ground throughout the morning. ... read more

07 January 2015 - Dollar broadly firmer ahead of FOMC minutes

By Alex Edwards
United States Dollar: The pound fell again on Tuesday following the release of weaker than expected UK Services PMI. The index printed at 55.8 vs. 58.9 showing that the services... read more

06 January 2015 - Euro falls to nine year lows vs. the dollar

By Alex Edwards
United States Dollar: GBP/USD remains on the back foot this morning having been dragged lower by the sell-off in EUR/USD since the start of the week. It dropped to a low of 1.52... read more

05 January 2015 - Euro lower as QE expectations grow

By Jake Trask
United States Dollar: The dollar has started the first trading week proper of 2015 on a high note having made significant gains against across the board over most of its trading ... read more

31 December 2014 - Euro ends 2014 near multi-year lows

By Jake Trask
United States Dollar: It’s been a quiet 24 hours in the currency markets with thin trading due to the Christmas/New Year holidays. Cable has traded between 1.55 and 1.5575 ... read more

29 December 2014 - Greek parliament vote in focus

By Jake Trask
United States Dollar: With thin trading conditions due to the Christmas holidays there has been little movement in most crosses since Christmas Eve. Cable has traded between 1.55... read more

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