Daily FX Commentary

18 December 2014 - Fed language changes but "considerable time" remains in the statement

By Alex Edwards
United States Dollar: UK data released yesterday morning didn’t have too much of an impact on the pound. It showed that wage growth picked up with earnings growing faster ... read more

17 December 2014 - Volatility the outcome as Russia, oil and EM currencies dominate the headlines

By Alex Edwards
United States Dollar: Conditions in FX markets can best be described as turbulent. Oil prices continue to drift lower, the Russian rouble has fallen lower – despite the fa... read more

16 December 2014 - UK CPI data in focus before FOMC Statement

By Jake Trask
United States Dollar: GBP/USD dropped yesterday from an early high of around 1.5740 to test support at 1.56 by late afternoon. The only data release of note in the past 24 hours ... read more

15 December 2014 - Oil and US stocks lower again, but GBP/USD remains steady

By Alex Edwards
United States Dollar: UK construction data printed weaker than expectations on Friday. It showed that output in the sector decreased by 2.2% in September vs. forecasts for 0.8% ... read more

12 December 2014 - US Retail Sales beat forecast

By Jake Trask
United States Dollar: With no top tier data from the UK yesterday, the pound reacted to events further afield. From the States there was yet more good news with Retail Sales show... read more

11 December 2014 - Oil lower, dollar lower as attention turns to ECB''s second TLTRO

By Alex Edwards
United States Dollar: GBP/USD has traded a steady range over the last 24 hours. It dipped to 1.5648 yesterday morning as the dollar was well bid throughout the London session. ... read more

10 December 2014 - UKForex Daily Commentary

By Alex Edwards
United States Dollar: UK manufacturing and industrial production data printed weaker than expected on Tuesday morning. Output fell 0.7% in October, the first fall in five months... read more

09 December 2014 - Dollar retraces as FOMC statement looms

By Alex Edwards
United States Dollar: The dollar retraced on Monday, giving up some - if not a lot – of the gains that it made following the release of strong US jobs data on Friday. Afte... read more

08 December 2014 - Dollar gaps higher after strong jobs data

By Alex Edwards
United States Dollar: The dollar jumped higher on Friday following the release of better than expected US jobs data. It showed that employers added 321,000 jobs in November vs. ... read more

05 December 2014 - Euro boosted after ECB fail to commit to QE

By Alex Edwards
United States Dollar: GBP/USD got a boost from better bids in EUR/USD yesterday, this following the ECB monetary policy press conference. President Draghi was less dovish than e... read more

03 December 2014 - Aussie lower on poor GDP release

By Jake Trask
United States Dollar: Yesterday saw the pound drop against the dollar as the UKs monthly Construction PMI dipped below 60 for the first time since Oct 2013. The release was still... read more

02 December 2014 - Dollar weakens against backdrop of recovering oil and gold prices

By Alex Edwards
United States Dollar: The dollar weakened on Monday morning but as well as this, the pound reacted positively to better than expected UK Manufacturing PMI. The data showed that ... read more

01 December 2014 - Dollar strengthens and commodities continue their slide

By Alex Edwards
United States Dollar: The pound slipped gently lower on Friday. The dollar was stronger, although most of the US market was still out for Thanksgiving. GBP/USD started the day ... read more

28 November 2014 - Dollar strengthens across the board over Thanksgiving

By Alex Edwards
United States Dollar: The dollar recovered yesterday as investors decided to lock in some profits after the run of weak US data on Wednesday. There wasn’t any data yesterd... read more

27 November 2014 - Dollar weakens following run of poor top tier data

By Alex Edwards
United States Dollar: Second Estimate UK GDP data printed in line with market expectations on Wednesday at 0.7%, still down on the previous quarter’s reading of 0.9%. GBP/... read more

26 November 2014 - Aussie dollar falls to 4 year lows as commodities continue to slide

By Alex Edwards
United States Dollar: The Bank of England Governor Mark Carney and other MPC members testified before the Treasury Select Committee yesterday. They didn’t say anything too... read more

25 November 2014 - Rates steady in run up to today''s Inflation Report Hearings

By Alex Edwards
United States Dollar: The dollar weakened yesterday despite a lack of top tier data. Flash Services PMI printed slightly weaker than expected but it wasn’t a big contribut... read more

24 November 2014 - Euro sold off following more dovish comments from Draghi

By Alex Edwards
United States Dollar: It was a fairly quiet session for the pound on Friday and it’s been a steady start to this morning’s session with it being a Japanese public hol... read more

20 November 2014 - Pound rises as UK retail sales beat forecast

By Jake Trask
United States Dollar: The pound got a boost yesterday morning as UK Retail Sales for October beat forecast showing 0.8% growth m/m. After last month’s disappointing result ... read more

19 November 2014 - Pound limps along ahead of UK and US central bank minutes

By Alex Edwards
United States Dollar: The pound remains under pressure this morning despite stronger than expected inflation data released yesterday. Year on year inflation accelerated last mon... read more

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