Daily Forex Commentary

17 May 2013 - Significant Sterling gains as the Aussie and Kiwi come under pressure...

By Vaughan Atton
United States Dollar Another round of weaker than forecast data saw the Dollar weaken a little yesterday afternoon. While the broader rally holds and the Dollar remains str... read more

16 May 2013 - Upbeat inflation report fails to stem Sterling''s slide against the Dollar...

By Vaughan Atton
United States DollarUK releases generally provided a boost to Sterling yesterday. While the underlying picture remained subdued, the BoE’s report was at least r... read more

15 May 2013 - Dollar rally extends as all eyes are on European GDP and BoE Inflation Report...

By Vaughan Atton
United States DollarDollar sentiment was rampant yesterday as the greenback extended its rally yesterday across the board. No major US or UK data was released, so moves we... read more

14 May 2013 - Sterling declines as most other majors consolidate...

By Vaughan Atton
United States DollarMost major crosses were relatively quiet yesterday, except those that included Sterling. Cable failed to hold above 1.5350 after surprisingly decent US... read more

13 May 2013 - Jam-packed week looks set to test the Euro''s resolve...

By Vaughan Atton
United States DollarUS Dollar volatility looks set to continue this week, reinvigorating a market that was starting to look complacent and staid. As equity markets push hi... read more

10 May 2013 - USD/JPY breaking 100.00 sees the Greenback stronger

By Alex Hartley
United States Dollar: Greenback gains across the board after domestic data. Early yesterday saw Pound rise against the US dollar as both manufacturing and industrial production ros... read more

09 May 2013 - Manufacturing and industrial data push the Pound higher

By Alex Hartley
United States Dollar: US dollar loses ground on the Pound as risk sentiment changes. As I wrote yesterday’s commentary, we had already seen all of the UK data releases for We... read more

08 May 2013 - Kiwi intervention prevents Sterling being lower across the board

By Alex Hartley
United States Dollar: Sterling continues to fall against the Greenback. As data was thin on the ground yesterday cable traded most of the UK session within a 20–25 pip range.... read more

07 May 2013 - Data sees Sterling higher against the Aussie and the Euro

By Alex Hartley
United States Dollar: Cable maintains its gains, but is off the highs this morning. GBP/USD saw a quieter day yesterday as a bank holiday in the UK saw no domestic data releases an... read more

06 May 2013 - GBP/USD eventually steadies following better than expected US non-farm payrolls

By Alex Edwards
United States Dollar: The pound got a boost from better than expected UK Services PMI on Friday, yet another positive UK economic data release. The data showed that the UK service ... read more

03 May 2013 - UK services data caps a good week for the GBP

By Alex Hartley
United States Dollar: Cable movement remains within recent ranges. Thursday was kicked off with UK construction data, which showed a climb back towards growth. The figure remained ... read more

02 May 2013 - UK construction figures sees Sterling push higher

By Alex Hartley
United States Dollar: Sterling pushed, but failed to break 1.5600 versus the Greenback overnight. As mentioned in yesterday’s commentary, manufacturing data came in greater t... read more

01 May 2013 - GBP higher as UK manufacturing comes in better than expected

By Alex Hartley
United States Dollar: US data helps cable push higher. Tuesday provided a lot of data for the market to swallow and there were some key releases in the UK and US. We started yester... read more

30 April 2013 - Sterling opens lower across the board

By Alex Hartley
United States Dollar: The Pound is unable to maintain its gains against the US Dollar. Monday morning we saw continuous gains for cable following on from the positive movement at t... read more

29 April 2013 - Sterling demand continues as we open this week

By Alex Hartley
United States Dollar: Cable holds overnight gains as demand for Sterling remains. The news last week that the UK economy avoided a triple-dip recession has increased demand for the... read more

26 April 2013 - Thursday''s UK GDP figures still pushing GBP higher

By Alex Hartley
United States Dollar: Sterling pushes higher against the US Dollar. No surprises as to why this has occurred with yesterday’s GDP figures showing that the UK avoided a triple... read more

25 April 2013 - GDP figures show UK avoids triple-dip recession

By Alex Hartley
United States Dollar: Sterling opens higher across the board following better than expected UK GDP data released at 9:30 this morning. Q1 GDP printed at 0.3% vs. expectations for g... read more

24 April 2013 - German data continues to disappoint and weighs on the Euro

By Alex Hartley
United States Dollar: Cable traded within a 70 pips range yesterday. UK data did little in the way to support the Pound on Wednesday and its early gains against the US Dollar, but ... read more

23 April 2013 - Chinese data kicks off a data heavy day

By Alex Hartley
United States Dollar: The Pound hasn’t maintained overnight gains against the US Dollar. The gains in the Pound were partly helped on the sole data release yesterday that cam... read more

22 April 2013 - Fitch joins Moody''s in downgrading UK credit rating

By Alex Hartley
United States Dollar: Sterling sits lower against the Greenback this morning. The move lower occurred throughout Friday but was solidified in the afternoon after Credit ratings age... read more

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