Daily FX Commentary

03 July 2015 - Aussie dumped on soft retail sales data

By Alex Edwards
United States Dollar: GBP/USD recovered a bit on Thursday following the release of better than expected Construction PMI. It pushed up through 1.56 again but has traded sideways... read more

02 July 2015 - Pound falls as Carney talks down chances of rate hike

By Alex Edwards
United States Dollar: It wasn’t a great day for the pound yesterday. It got off to a bad start after UK manufacturing data missed forecasts. The index showed that British... read more

01 July 2015 - Euro unmoved as Greece misses its debt repayment deadline

By Alex Edwards
United States Dollar: So unsurprisingly Greece missed its IMF debt repayment deadline, this after further last minute negotiations broke down yesterday. EUR/USD bounced around l... read more

30 June 2015 - Euro holds firm as Greek debt deadline nears

By Alex Edwards
United States Dollar: GBP/USD fell to a low of 1.5675 this morning as concerns for the existence of Greece as part of the Eurozone worsened over the weekend. The Greek governmen... read more

26 June 2015 - Investors on the side-lines ahead of crucial weekend Greek negotiations

By Dean Weller
United States Dollar: It was a relatively quiet day of trading as investors focus remains on the on-going Greek debt negotiations. For the greenback we had the unemployment claim... read more

25 June 2015 - Greek situation is beginning to sound like a broken record

By Dean Weller
United States Dollar: Wednesday morning saw the Dollar retract as demand weakened in anticipation of the GDP figures released later in the day, we saw GBP/USD climb to 1.58 appre... read more

24 June 2015 - The hawks are out for the USD

By Dean Weller
United States Dollar: The dollar continued on its good run during Tuesday's session and remained higher against a basket of major currencies. It was a mixed day of releases start... read more

23 June 2015 - Greek deal looking likely

By Dean Weller
United States Dollar: The USD welcomed some good news yesterday after existing home sales rose more than expected in May to hit the highest level since 2009. The report highlight... read more

22 June 2015 - Markets dominated by Grexit fears

By Dean Weller
United States Dollar: It was a fairly quiet day on Friday. There wasn’t much by way of economic data and traders were reluctant to place too many major bets as long as the... read more

19 June 2015 - Pound rises after positive Retail Sales data

By Jake Trask
United States Dollar: USD has recouped some of the losses it experienced in the past 48 hours as the ongoing Greek impasse sees the greenback well bid this morning. Fed Chair, Ja... read more

18 June 2015 - Dollar sold on less hawkish Yellen comments

By Alex Edwards
United States Dollar: GBP/USD pushed higher again yesterday on the back of better than expected average earnings data from the UK. Wage growth accelerated by 2.7% vs. expectatio... read more

17 June 2015 - Volatility, volatility and more volatility

By Alex Edwards
United States Dollar: UK headline CPI for May printed in line with market expectations yesterday showing that prices rose at an annual rate of 0.1%. It’s better than last ... read more

16 June 2015 - GBP/USD trades up through 1.56 despite negative Greece headlines

By Alex Edwards
United States Dollar: GBP/USD has pushed gradually higher over the last 24 hours, this despite ongoing and growing concerns for Greece’s future in the Eurozone. The pair d... read more

15 June 2015 - UKForex Daily Commentary

By Alex Edwards
United States Dollar: The pound has fallen back slightly since Friday after Standard & Poor’s downgraded its outlook on the UK’s sovereign rating to “negati... read more

12 June 2015 - Grexit moves closer as IMF walk out of talks

By Jake Trask
United States Dollar: It was good day on the data-front from the States yesterday as Retail Sales beat forecast after Mays lacklustre numbers. The core reading showed 1% monthly ... read more

11 June 2015 - Kiwi slumps as the RBNZ cut interest rates

By Alex Edwards
United States Dollar: It was another volatile trading session yesterday. To start with, Bank of Japan Governor Kuroda was speaking in parliament and referring to the value of th... read more

10 June 2015 - Euro rallies this morning as German 10 year bund yields hit 1.0%

By Alex Edwards
United States Dollar: The focus again yesterday was on Greece. A source early on quoted officials as saying that new Greek plans were not enough. Greek PM Tsipras is due to mee... read more

09 June 2015 - Dollar weakness sparked by supposed Obama comments

By Alex Edwards
United States Dollar: The dollar dropped across the board on Monday, erasing the post non-farm payroll gains on Friday. According to a French journalist yesterday, US President ... read more

08 June 2015 - US Non-Farms beat forecast

By Jake Trask
United States Dollar: Friday saw the latest Non-Farm Payrolls data from the States with another strong result seen. Expectations of a circa 220k increase in employment were smash... read more

05 June 2015 - EUR/USD volatility continues as Greek debt repayment is delayed

By Alex Edwards
United States Dollar: Cable rallied yesterday morning as the Greek saga played out. The pair pretty much followed in the shadows of EUR/USD, if perhaps a bit reluctantly. Germa... read more

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