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 07.57 Friday, 23 Jan 2015 Euro Falls Post-QE Announcement
As expected, the ECB announced the commencement of a full-blown QE programme yesterday. The expanded programme is slightly larger than markets expected at €60 billion per month, up from around €10 billion at present…………..
As at As at 07.50 Thursday, 22 Jan 2015 Market Spotlight on the ECB
Sterling has spent most of the last 24 hours under some pressure. The main driver of the moves lower was the January BoE minutes. They showed a surprise unanimous decision for no change to interest rates…………..
As at As at 07.56 Wednesday, 21 Jan 2015 Cautious Tone to Market Sentiment
There was a cautious tone to market sentiment yesterday. Data-wise, the German ZEW surprised to the upside, while US homebuilder sentiment narrowly missed expectations………..
As at As at 07.59 Tuesday, 20 Jan 2015 Euro Edges Off Lows
The financial markets got off to a relatively quiet start yesterday. The lack of any major data releases/events, along with the fact that US markets were closed, contributed to the subdued action…..
As at As at 07.59 Monday, 19 Jan 2015 ECB meeting key event risk for euro this week
To say last week was an eventful one on FX markets is probably a bit of an understatement. The move by the SNB to remove its EUR/CHF cap stunned markets and resulted in sharp appreciation (15-20%) for the Swiss franc…….