Daily FX Commentary

06 October 2015 - Sterling drops after poor Services PMI

By Jake Trask
United States Dollar: The pound started the week on the back foot yesterday as the monthly CIPS/Markit Services PMI release showed its worst reading in over two years. The closel... read more

05 October 2015 - Dollar falls after poor jobs data

By Jake Trask
United States Dollar: Friday saw the monthly Non-Farm Payrolls miss target by some distance resulting in a sell-off of the greenback. With the markets expecting 201k jobs to be a... read more

02 October 2015 - FX markets steady as all eyes turn to US jobs data

By Alex Edwards
United States Dollar: GBP/USD recovered off of the 1.5150 level yesterday and pushed slowly north throughout the day, reaching a high of 1.5180. Some solid offers in EUR/GBP as ... read more

01 October 2015 - Euro falls as equity markets extend their recovery

By Alex Edwards
United States Dollar: Equity markets extended their recovery yesterday; the S&P finished up 1.8%, the Nikkei finished up 1.92% and the FTSE is already up by 1.21% this mornin... read more

30 September 2015 - FX ranges steady ahead of much anticipated US labour data

By Alex Edwards
United States Dollar: Equity markets recovered a bit on Tuesday morning and with the slight improvement in risk appetite cable pushed briefly back through 1.52. It failed to hol... read more

29 September 2015 - Euro up as global stocks are pummelled

By Alex Edwards
United States Dollar: Stock markets have been pummelled over the last 24 hours but GBP/USD has been fairly immune to it all. It’s traded a steady range since markets opene... read more

28 September 2015 - Cable looking vulnerable ahead of busier week for data

By Alex Edwards
United States Dollar: GBP/USD fell again on Friday. Yellen’s comments from last week were still ringing in investors’ ears; she strongly suggested that the Fed would... read more

25 September 2015 - Yellen signals lift-off in December

By Alex Edwards
United States Dollar: GBP/USD lost ground yesterday morning as European equity markets got off to a bad start and risk sentiment was showing few signs of improving. It dropped t... read more

24 September 2015 - Euro strengthens as Draghi sits on the fence when it comes to QE

By Alex Edwards
United States Dollar: GBP/USD came under selling pressure from the offset of the London trading session on Wednesday and to fell to a low of 1.5220 by the late afternoon. Safe h... read more

23 September 2015 - VW saga and China worries weigh on risk sentiment

By Alex Edwards
United States Dollar: The US dollar has continued to strengthen over the last 24 hours. There is growing consensus that the Federal Reserve will raise interest rates in December... read more

22 September 2015 - Dollar rallies as investors eye December lift-off

By Alex Edwards
United States Dollar: It was a steady start to the week yesterday. GBP/USD managed to get to 1.5566 before tumbling throughout much of the afternoon session. The dollar was bro... read more

21 September 2015 - Dollar able to recoup its post FOMC losses

By Alex Edwards
United States Dollar: The dollar continued its sell-off on Friday morning as Europe reacted to the FOMC’s announcement that it would be leaving the federal funds rate on ho... read more

18 September 2015 - USD falls as Fed leaves interest rates on hold

By Alex Edwards
United States Dollar: The Fed left interest rates on hold last night. There was a slim (25%) chance that the central bank would hike interest rates by 0.25% but they didn’... read more

17 September 2015 - Dollar weakens as crunch time nears

By Alex Edwards
United States Dollar: The pound has been the standout performer in t major currency markets over the last 24 hours. GBP/USD started the day yesterday down at 1.5340 but followin... read more

16 September 2015 - Federal Reserve meeting to start later today

By Jake Trask
United States Dollar: The most eagerly anticipated Federal Reserve meeting in years begins later today as US monetary policy makers decide whether to raise interest rates for the... read more

15 September 2015 - Pound steadies ahead of inflation data

By Alex Edwards
United States Dollar: It was a fairly quiet start to the week in FX yesterday. There weren’t any data releases and investors weren’t too keen to take on new position... read more

14 September 2015 - Quiet before the storm of data and FOMC statement

By Alex Edwards
United States Dollar: GBP/USD has pushed gradually higher since Friday morning. US data including producer prices and consumer sentiment data was good and equity markets made so... read more

11 September 2015 - Dollar weakens as attention turns to FOMC next week

By Alex Edwards
United States Dollar: The dollar drifted lower yesterday as risk sentiment improved and traders re-positioned ahead of the FOMC announcement next week, at which point we might (a... read more

10 September 2015 - NZD slammed lower as RBNZ leaves door open to further rate cuts

By Alex Edwards
United States Dollar: Risk sentiment turned negative again yesterday as the New York session came to an end. Brent oil was sold off too overnight and Brazil was downgraded to &l... read more

09 September 2015 - GBP/USD firmer as global equity markets stage recovery

By Alex Edwards
United States Dollar: Global equity markets have staged a bit of a recovery since the start of the week and this improved investor risk sentiment has fed through in to currency m... read more

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