Daily FX Commentary

26 August 2016 - All eyes on Yellen at Jackson Hole

By Corporate Dealer
The worlds gaze turns to Wyoming today with Janet Yellen due to give a speech at the annual Jackson Hole Symposium which may (or may not) give clues as to when the Federal Reserve will look to raise rates for only the second time since the financial read more

25 August 2016 - Pound rises ahead of Jackson Hole Symposium

By Corporate Dealer
GBP/USD rose to a three week high against the greenback yesterday as comments by Labour leadership contender, Owen Smith lifted the pound. The MP for Pontypridd said he would fight “tooth and nail” to keep the UK in the EU read more

24 August 2016 - Pound Rally Continues to Surprise 

By Manager - Private Client Desk
Joe Eastwood read more

23 August 2016 - Wheeler Gets Kiwi Rolling

By Manager - Private Client Desk
Joe Eastwood read more

22 August 2016 - Fed''s Mixed Messages

By Manager - Private Client Desk
Joe Eastwood read more

19 August 2016 - Retail Sales Rebound

By Manager - Private Client Desk
Joe Eastwood read more

17 August 2016 - Pound jumps on rising inflation

By Corporate Dealer
It was good day for the pound yesterday as UK CPI for July rose to 0.6% y/y when no change from Junes 0.5% was expected. The higher than expected print was matched by higher than expected RPI, 1.9% vs 1.7% expected and a rapidly accelerating PPI which sho read more

16 August 2016 - UK CPI in focus as GBP/EUR slumps

By Corporate Dealer
There was more poor data from the States yesterday with the monthly Empire State Manufacturing Index being the latest print to miss target. Following on from Fridays abysmal Retail Sales and PPI numbers, the ESMI came in at -4.2, when an uptick from last read more

12 August 2016 - USD gains following better than expected unemployment claims

By Charlotte Skeer - Private Client Dealer
Yesterday’s USD unemployment claims came in slightly better than expected with a reading of 266K (272K had been forecast). read more

11 August 2016 - RBNZ cuts interest rates

By Charlotte Skeer - Private Client Dealer
Yesterday saw the USD remain relatively low against other major currencies whilst investor’s continued to digest the slower than anticipated growth indicated by the Prelim Nonfarm Productivity release on Tuesday. read more

10 August 2016 - No end in sight for a troubled pound

By Joshua Hughes - Private client dealer
United States Dollar: After a four day rally, oil prices retreated, allowing for the USD to make steady gains during the early session yesterday. Following positive US payr... read more

09 August 2016 - Oil prices spark market movement

By Joshua Hughes - Private Client Dealer
United States Dollar: Yesterday eyes turned to the US Labour Market Conditions Index as the market continued to digest the releases of last week. This figure... read more

08 August 2016 - US Payrolls Exceed Expectations

By Joshua Hughes - Private Client Dealer
United States Dollar: Non-Farm employment increased for the second consecutive month, indicating an increased stability in the US labour market. Payrolls exc... read more

05 August 2016 - BoE cuts rates to all time low

By Charlotte Skeer
Yesterday’s Bank of England minutes certainly lived up to expectations with all 9 MPC members unanimously voting in favour of cutting interest rates in an effort to boost growth within the UK economy following on from June 23rd referendum. read more

04 August 2016 - Judgement day for BoE

By Charlotte Skeer
Yesterday’s ADP Non-Farm Payroll release estimated a 179K increase in private sector employees in the US during the month of July, coming in 8K over forecast. read more

03 August 2016 - Currencies Misbehave

By Philip Anastacio
United States Dollar: The general consensus is that when central banks announce rate cuts and fiscal stimulus plans are announced, the linked currency weaken... read more

02 August 2016 - Australia cuts their interest rate

By Philip Anastacio
United States Dollar: Yesterdays ISM Manufacturing PMI data did show a slowdown in the USA’s manufacturing sector in the month of July. The markets had expected a sli... read more

01 August 2016 - Important Week Ahead...Will We See Record Lows For the GBP and AUD

By Philip Anastacio
After last week’s decision by the FED to keep rates on hold, markets are now speculating a rate hike will likely happen in December rather than in September. read more

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