Detailed below are the morning comments for the last 5 working days. Please select a comment from those below to view the full details, or alternatively you can select a date from the followng drop down box:
As at As at 08.07 Thursday, 27 Nov 2014 Further Soft US Data Weigh on Dollar
The relatively subdued tone to FX markets continued yesterday, with most pairs remaining within recent ranges. Some slightly disappointing US data (incl. jobless claims, income/consumption, Chicago PMI) meant that the dollar continued to edge lo...
As at As at 07.50 Wednesday, 26 Nov 2014 FX Pairs Remain in Narrow Ranges
Most of the action on FX markets remained within relatively narrow ranges yesterday. The euro managed to hold onto its slightly firmer tone. Although, as we mentioned yesterday, this is likely to prove only temporary…….
As at As at 08.12 Tuesday, 25 Nov 2014 Risk Sentiment Remains Positive
The action on financial markets yesterday saw risk appetite start the week holding a modestly firmer tone. European markets continued to benefit from the increased expectations of more ECB easing which set in following Draghi’s dovish speech on Friday…………
As at As at 08.04 Monday, 24 Nov 2014 Euro & Yen Continue to Struggle
The euro finished last week very much on the defensive as dovish comments from ECB President Mario Draghi weighed on the currency……
As at As at 08.03 Friday, 21 Nov 2014 Retail Sales Support Sterling
There was a slightly firmer tone to sterling yesterday. It was boosted by a stronger than expected increase in retail sales (+0.8% vs f’cast +0.3%) for October. GBP/USD moved up towards $1.57….