Daily FX Commentary

23 January 2015 - ECB unveils €1.1T QE programme to save Eurozone

By Jake Trask
United States Dollar: The dollar gained across the board yesterday as events from Frankfurt dominated the news, more to follow. Cable has dropped overnight to below 1.50 for the ... read more

22 January 2015 - ECB set to announce QE programme today

By Alex Edwards
United States Dollar: The pound snapped lower yesterday morning as the Bank of England MPC minutes showed that members voted unanimously to leave interest rates on hold, this aft... read more

20 January 2015 - Quiet start to week ahead of key ECB press conference

By Jake Trask
United States Dollar: It was a quiet start to the week data-wise yesterday as Americans enjoyed a national holiday to celebrate Martin Luther King day. Cable started the London s... read more

19 January 2015 - Fallout from SNB bombshell continues as ECB decision comes in to focus

By Alex Edwards
United States Dollar: Volatility and the fallout from the SNB news last week continued on Friday as EUR/CHF dropped from 1.0224 to a low of .9748. It has recovered to open this ... read more

16 January 2015 - Surprise SNB announcement sends shock waves through financial markets

By Alex Edwards
United States Dollar: News that the Swiss National Bank had abandoned its EUR/CHF floor at 1.20 dominated the financial market headlines yesterday. The central bank also announc... read more

14 January 2015 - Core CPI numbers support Sterling

By James Mills
United States Dollar: A volatile day for Sterling yesterday as official figures showed UK inflation fell to its lowest level since May 2000. Annualised Consumer Price Index for... read more

13 January 2015 - Commodity currencies slide as metal prices slump again

By Alex Edwards
United States Dollar: It was a relatively quiet day in FX yesterday. The dollar made some early gains and GBP/USD fell to a low of 1.5105. The pound was also dragged lower by n... read more

12 January 2015 - Dollar weakens as traders look beyond the solid US jobs report

By Alex Edwards
United States Dollar: The dollar has softened a little since Friday, this despite the release of a stronger than expected US jobs report. Non-Farm employment data showed that 25... read more

09 January 2015 - Dollar index closes in on ten year highs

By Alex Edwards
United States Dollar: The greenback has continued to strengthen and the dollar index is trading at close to 10 year highs. GBP/USD fell to a low of 1.5034 yesterday as the pound... read more

08 January 2015 - Dollar remains strong in wake of latest FOMC minutes

By Alex Edwards
United States Dollar: The theme in currency markets on Wednesday was one of dollar strength. GBP/USD started the day at 1.5150 but gradually lost ground throughout the morning. ... read more

07 January 2015 - Dollar broadly firmer ahead of FOMC minutes

By Alex Edwards
United States Dollar: The pound fell again on Tuesday following the release of weaker than expected UK Services PMI. The index printed at 55.8 vs. 58.9 showing that the services... read more

06 January 2015 - Euro falls to nine year lows vs. the dollar

By Alex Edwards
United States Dollar: GBP/USD remains on the back foot this morning having been dragged lower by the sell-off in EUR/USD since the start of the week. It dropped to a low of 1.52... read more

05 January 2015 - Euro lower as QE expectations grow

By Jake Trask
United States Dollar: The dollar has started the first trading week proper of 2015 on a high note having made significant gains against across the board over most of its trading ... read more

31 December 2014 - Euro ends 2014 near multi-year lows

By Jake Trask
United States Dollar: It’s been a quiet 24 hours in the currency markets with thin trading due to the Christmas/New Year holidays. Cable has traded between 1.55 and 1.5575 ... read more

29 December 2014 - Greek parliament vote in focus

By Jake Trask
United States Dollar: With thin trading conditions due to the Christmas holidays there has been little movement in most crosses since Christmas Eve. Cable has traded between 1.55... read more

24 December 2014 - Dollar strengthens again after US GDP is revised higher

By Alex Edwards
United States Dollar: GBP weakened yesterday, largely in response to GDP figures being revised lower and UK current account data printing wider than expected. The final GDP read... read more

23 December 2014 - EUR/USD breaks lower on QE rumours

By Alex Edwards
United States Dollar: The pound continued its descent vs. the dollar yesterday falling to a low of 1.5575 overnight. It was dragged lower by the sell-off in EUR/USD which broke ... read more

22 December 2014 - Dollar strengthens as market conditions start to thin out

By Alex Edwards
United States Dollar: GBP started the day on Friday on a positive note, responding well to better than expected UK public sector borrowing data and CBI Realised Sales. The dolla... read more

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

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