0845 389 3000Newsroom: Daily market analysis archive
Currencies direct has many interesting market commentaries for you. Please see below for the most recent updates.
All Eyes On The BoE
Daily market commentary 09, Sept 2010 All Eyes On The BoE Sterling has performed well particularly against the Euro in the last couple of sessions. ... more
Data still mixed
Daily market commentary 08, Sept 2010 Data still mixed We can all agree that the economic data releases at the moment are confusing. In the ... more
The Euro Stress Tests… the real results
Daily market commentary 07, Sept 2010 The Euro Stress Tests… the real results Back in July, 91 of Europe's largest banks were required to disclose ... more
US payroll data boosts confidence
Daily market commentary 06, September 2010 US payroll data boosts confidence Today is Labour Day in the US and in Canada which means very little ... more
Market awaits US jobs number
Daily market commentary 03, Sep 2010 Market awaits US jobs number Today is the first Friday of the month, so all aboard the good ship ... more
A mixed menu
Daily market commentary 02, September 2010 A mixed menu Yesterday was an eventful day for the Euro as it made significant gains versus both Sterling ... more
Bickering at the FOMC
Daily market commentary 01, September 2010 Bickering at the FOMC The highlight overnight was the release of the minutes from the August 10th Federal Reserve Open ... more
US data the focus for the week
Daily market commentary 31, August 2010 US data the focus for the week Last Friday Fed Chairman Ben Bernanke suggested that the bank will do ... more
Liquidity moves to the skies
Daily market commentary 26, August 2010 Liquidity moves to the skies Global markets are in the doldrums and with decreased trading volumes and a lack ... more
A mixed bag for the currency markets!
Daily market commentary 26, August 2010 A mixed bag for the currency markets! An unexpected boost in German IFO business sentiment gave the Euro a ... more
Poor Housing Data rocks markets
Daily market commentary 25th August 2010 Poor Housing Data rocks markets Sales of previously owned US homes dropped more than expected in July to their ... more
MPC member not ruling out double dip.
Daily market commentary 24, Aug 2010 MPC member not ruling out double dip. The newest member of the Bank of England's rate-setting Monetary Policy Committee ... more
Analysts bearish on the Pound.
Daily market commentary 23, August 2010 Analysts bearish on the Pound. Reports today suggest FX analysts are the most pessimistic on the Pound since May ... more
Nerves continue to haunt the market
Daily market commentary 20, Aug 2010 Nerves continue to haunt the market Gilts opened lower and Sterling remained on the back foot on Thursday morning ... more
Sterling the yo-yo
Daily market commentary 19, August 2010 Sterling the yo-yo Such is the way in FX markets at the moment, no sooner had Sterling been given ... more
Sentance vote boosts the pound
Daily market commentary 18, August 2010 Sentance vote boosts the pound The Euro regained ground against the USD and Sterling yesterday as Ireland's 2014 and ... more
Inflation data as expected
Daily market commentary 17, Aug 2010 Inflation data as expected Inflation figures just released shows CPI exactly as forecast, 3.1% year-on year and 0.2% month ... more
China Becomes No.2
Daily market commentary 16, August 2010 China Becomes No.2 Friday was a busy day on the economic data front. First up, we saw figures released showing ... more
A jittery close to the week
Daily market commentary 13, August 2010 A jittery close to the week Global stock markets look set to end the week well in the red. ... more
Merve swerves the markets…again
Daily market commentary 12, August 2010 Merve swerves the markets…again The Governor of the Bank of England Mervyn King presented a very down beat assessment ... more
QE2 Docks In Washington
Daily market commentary 11, August 2010 QE2 Docks In Washington The dollar strengthened overnight after the Fed took steps to try and bolster the fragile ... more
All eyes on the Fed
Daily market commentary 10, Aug 2010 All eyes on the Fed Speculation over the announcement of QE2 at tonight’s Federal Reserve meeting is reverberating around ... more
The week ahead
Daily market commentary 09, Aug 2010 The week ahead In the final session of trading on Friday, US Employment fell for a second straight month ... more
US data the focus for today
Daily market commentary 06, August 2010 US data the focus for today The pound is heading for a fourth weekly gain against the Dollar and ... more
Interest rates Thursday
Daily market commentary 05, August 2010 Interest rates Thursday Today is all about monetary policy meetings with the UK, Czech Republic and the Eurozone committees ... more
Pound leading the way!
Daily market commentary 04, August 2010 Pound leading the way! It makes a very refreshing change to see the pound leading the charge in the ... more
Cable To 1.60?
Daily market commentary 03, August 2010 Cable To 1.60? The pound jumped to a six month high against the US dollar this morning amid hopes ... more
UK Banks set to make half year profit
Daily market commentary 02, August 2010 UK Banks set to make half year profit George Osborne has said that banks must increase lending to businesses rather ... more
All Eyes On USA’s GDP
Daily market commentary 30, July 2010 All Eyes On USA’s GDP Of late, UK economic data has been extremely positive. However, since yesterday this trend ... more
Poor reviews for the latest Beige Book
Daily market commentary 29, July 2010 Poor reviews for the latest Beige Book The Governor of the Bank of England, Mervin King, warned yesterday that ... more
Sterling Surges On
Daily market commentary 28, July 2010 Sterling Surges On Sterling received another boast this morning after a leading think-tank announced that Britain will avoid a ... more
Chinese Banks face potential defaults
Daily market commentary 27, July 2010 Chinese Banks face potential defaults One in fifth of the 7.66 trillion yuan (1.1 trillion dollars) that Chinese banks ... more
Stress Tests Inconclusive
Daily market commentary 26, July 2010 Stress Tests Inconclusive The results of the Eurozone bank stress tests were eventually released on Friday evening showing only ... more
Strong GDP Lends Support To The Pound
Daily market commentary 23, July 2010 Strong GDP Lends Support To The Pound Sterling advanced yesterday as stronger than expected retail sales data helped ease ... more
Central banks closely watched
Daily market commentary 22, July 2010 Central banks closely watched Last night Ben Bernanke, Chairman of the Federal Reserve, delivered his twice yearly report to ... more
EUR/USD stressed at 1.30
Daily market commentary 21, July 2010 EUR/USD stressed at 1.30 This week is all about the euro and the approaching stress test results which ... more
Euro Surge On Stress Test Leaks
Daily market commentary 20, July 2010 Euro Surge On Stress Test Leaks The Euro rose significantly yesterday rising up to 1.2991 against the dollar ... more
Will Irish woes pull down the Euro?
Daily market commentary 19, July 2010 Will Irish woes pull down the Euro? The recent Euro surge finally ran into resistance on ... more
Dollar Takes A Pounding
Daily market commentary 16, July 2010 Dollar Takes A Pounding The dollar hit a two month low against the euro and a basket ... more
Sterling holds gains against the USD
Daily market commentary 15, July 2010 Sterling holds gains against the USD Sterling holds gains against the USD The Federal Reserve minutes released last ... more
Inflation feedback boosts Sterling
Daily market commentary 14, July 2010 Inflation feedback boosts Sterling UK CPI rose by 3.2% y/y in June 2010 compared to 3.4% in May, ... more
Inflation The Key For The MPC?
Daily market commentary 13, July 2010 Inflation The Key For The MPC? Sterling weakened yesterday after the S&P said it was maintaining its negative ... more
Sterling and Euro rallies run out of Steam
Daily market commentary 12, July 2010 Sterling and Euro rallies run out of Steam The recent Sterling and Euro rallies finally ran out of steam ... more
No Squeeze
Daily market commentary 09, July 2010 No Squeeze Yesterday, the European Central Bank (ECB) stated they will continue until further notice to supply unlimited funding ... more
Monetary Policy Sets The Tone
Daily market commentary 08, July 2010 Monetary Policy Sets The Tone Today sees announcements from the Eurozone and UK on the future path of monetary ... more
First Glimpse At Stress Tests
Daily market commentary 07, July 2010 First Glimpse At Stress Tests The Pound continued to climb against the Dollar yesterday as risk appetite returned (briefly) ... more
Aussie Rates On Hold
Daily market commentary 06, July 2010 Aussie Rates On Hold It was no real surprise last night that the Reserve Bank of Australia kept interest ... more
Tension In The BoE?
Daily market commentary 05, July 2010 Tension In The BoE? The Euro reached a two month high versus the US Dollar late on Friday as ... more
Euro surges higher
Daily market commentary 02, July 2010 Euro surges higher Just when you thought it was safe to get back into the water after ... more
China slowing down
Daily market commentary 1, July 2010 China slowing down It was a disappointing night in Asia as markets digested the news that the Chinese ... more
ECB Sends Out the Bailiffs
Daily market commentary 30, June 2010 ECB Sends Out the Bailiffs Sterling hit a 19-month high against the euro yesterday as investors shunned the ... more
Banks fret over ECB funding
Daily market commentary 29, June 2010 Banks fret over ECB funding After the short squeeze in the Euro over the last few weeks, the ... more
Sterling stays firm as Fabio's men slump
Daily market commentary 28, June 2010 Sterling stays firm as Fabio's men slump Towards the end of last week concerns over debt crept back into ... more
Sterling pushes higher against the euro
Daily market commentary 25, June 2010 Sterling pushes higher against the euro The pound strengthened to 1.22 against the Euro yesterday for the first ... more
Fiscal consolidation = end of Euro?
Daily market commentary 24, June 2010 Fiscal consolidation = end of Euro? Fiscal consolidation is the flavour of the month both in Europe and ... more
Budget boosts the pound
Daily market commentary 23, June 2010 Budget boosts the pound Chancellor George Osborne's produced the toughest Budget in a generation yesterday with Britain facing ... more
Judgment Day
Daily market commentary 22, June 2010 Judgment Day George Osborne will today unveil the Conservatives plans for cutting the UK’s deficit with a "tough, ... more
Chinese whispers...
Daily market commentary 21, June 2010 Chinese whispers... The announcement by the Chinese of an end to a fixed exchange rate regime, allowing the ... more
European banks and England fans in line for stress test
Daily market commentary 18, June 2010 European banks and England fans in line for stress test Another very quiet session to round off the week in ... more
FSA scrapped by Osborne
Daily market commentary 17, June 2010 FSA scrapped by Osborne Last night, in the Chancellors annual speech at the Mansion house, George Osborne outlined his ... more
Will the euro fightback continue?
Daily market commentary 16, June 2010 Will the euro fightback continue? After a quiet night in the FX markets in Asian trading, the markets ... more
UK growth forecasts downgraded
Daily market commentary 15, June 2010 UK growth forecasts downgraded An official independent report from the newly created Office of Budget Responsibility (OBR) made ... more
Osborne awaits OBR first assessment.
Daily market commentary 14, June 2010 Osborne awaits OBR first assessment. This morning the Office of Budget Responsibility delivers its first independent assessment of ... more
Any Interest?
Daily market commentary 10, June 2010 Any Interest? The Bank of England and the European Central Bank are announcing interest rates today with both ... more
Osborne prepares to wield axe
Daily market commentary 09, June 2010 Osborne prepares to wield axe Sterling held steady yesterday as the reintroduction of a star chamber to ... more
Supercuts!
Daily market commentary 08, June 2010 Supercuts! Chancellor George Osborne and Chief Secretary to the Treasury Danny Alexander will today announce plans for ... more
A bad start to the week for the Euro
Daily market commentary 07, June 2010 A bad start to the week for the Euro "The Euro will be dead in five years"- the ... more
Market waits for Non farm payrolls
Daily market commentary 04, June 2010 Market waits for Non farm payrolls US non-farm payrolls are one of the most important data releases in ... more
Iran Backing Uncle Sam
Daily market commentary 03, June 2010 Iran Backing Uncle Sam Sterling regained some ground this morning after Nationwide house price data showed a better ... more
Deal or no deal?
Daily market commentary 02, June 2010 Deal or no deal? Yesterday, Cable had its best 24 hours in recent weeks as the Prudential-AIA deal ... more
Fitch Downgrades Spain
Daily market commentary 1, June 2010 Fitch Downgrades Spain After the markets closed on Friday, Spain’s debt rating was downgraded by the ratings agency ... more
PIGS Going To The Chop
Daily market commentary 28, May 2010 PIGS Going To The Chop This morning brought a surge of Euro strength to the markets as traders and investors ... more
Europe Coming Around To Austerity
Daily market commentary 27, May 2010 Europe Coming Around To Austerity Spain’s parliament are to vote on government’s plans to cut €15 bln off the budget ... more
More Pain In Spain
Daily market commentary 26, May 2010 More Pain In Spain Yesterday was packed full of announcements from the Eurozone, some welcome some not. First, Italy followed ... more
Risk Averse Trading Returns
Daily market commentary 25, May 2010 Risk Averse Trading Returns The euro weakened for a second day against the US Dollar, the Japanese Yen and ... more
Cuts, Cuts and Cuts…
Daily market commentary 24, May 2010 Cuts, Cuts and Cuts… Today sees the start of a new age of austerity as the Government announces £6 ... more
Volatility Continues As Obama Gets His Way
Daily market commentary 21, May 2010 Volatility Continues As Obama Gets His Way Stock markets around the world suffered further falls yesterday as investors continued ... more
Ban Backfires On Merkel
Daily market commentary 20, May 2010 Ban Backfires On Merkel Angela Merkel’s announcement of a ban on short selling any sovereign bonds, credit default swaps ... more
Germany Bans Naked Short Selling
Daily market commentary 19, May 2010 Germany Bans Naked Short Selling Euro-Dollar came under pressure last night after Germany announced a ban on naked short selling ... more
Osborne: Clear Forecasts Going Forward
Daily market commentary 18, May 2010 Osborne: Clear Forecasts Going Forward George Osborne the new Chancellor of the Exchequer announced yesterday that he was “changing the ... more
Euro Dollar Parity?
Daily market commentary 17, May 2010 Euro Dollar Parity? The Euro has continued sliding against the Dollar, reaching the lowest level in four years. Concerns remain ... more
Lib/Con Pact Con-Demned?
Daily market commentary 14, May 2010 Lib/Con Pact Con-Demned? The Eurozone took yet another pounding yesterday as rigorous fiscal tightening threatens to dampen an already ... more
Is there really love in the cottage?
Daily market commentary 13, May 2010 Is there really love in the cottage? There will be a "historic and seismic shift in politics" according to ... more
The deal is (finally) done
Daily market commentary 12, May 2010 The deal is (finally) done David Cameron finally entered Downing Street last night after days of behind the scenes ... more
Will The Bailout REALLY help?
Daily market commentary 11, May 2010 Will The Bailout REALLY help? Positive trading in the Eurozone during Monday’s session was erased overnight after doubts surrounding ... more
Shock and Awe
Daily market commentary 10, May 2010 Shock and Awe In a bold move clearly designed to impress the markets, EU finance ministers last night announced ... more
Hung Parliament confirmed
Daily market commentary 07, May 2010 Hung Parliament confirmed A hung parliament has been confirmed to the detriment of the pound. We are now awaiting ... more
Sterling hopes hang in the balance…..
Daily market commentary 06, May 2010 Sterling hopes hang in the balance….. Today’s election marks the end of a frantic month of campaigning for the ... more
Euro crashes to new lows
Daily market commentary 05, May 2010 Euro crashes to new lows Equity markets are getting sold, bond yields rising and the Euro has dropped through ... more
Hold on tight….its going to be rollercoaster of a week!
Daily market commentary 04, May 2010 Hold on tight….its going to be rollercoaster of a week! After a closer examination of the Greek financials, the ... more
Final round to Cameron...
Daily market commentary 30, April 2010 Final round to Cameron... Last night, the final leaders’ debate last focused on the economy with messers Cameron, Clegg ... more
Euro......... THE END?
Daily market commentary 29, April 2010 Euro......... THE END? Europe’s fiscal crisis worsened yesterday as news broke of Standards and Poor’s downgrade of Spain ... more
Downgrades pile more pressure on Euro
Daily market commentary 28, April 2010 Downgrades pile more pressure on Euro S&P downgraded both Greek and Portuguese debt yesterday, as fears over a fiscal ... more
Contagion grips the euro
Daily market commentary 27, April 2010 Contagion grips the euro Greek bonds rose yesterday to a 12 year high as Germany and the IMF demanded ... more
Euro Troubles Constantinou
Daily market commentary 26, April 2010 Euro Troubles Constantinou After stabilising on Friday, the Euro took another pounding on Monday morning as details begin to ... more
Seconds out, round two – and the victory goes to……….. no-one.
Daily market commentary 23, April 2010 Seconds out, round two – and the victory goes to……….. no-one. The shifting sands of the British election were ... more
No Surprise at the BoE
Daily market commentary 22, April 2010 No Surprise at the BoE There were no surprises yesterday as Bank of England minutes indicated the Monetary Policy ... more
Sterling Not Hanging About
Daily market commentary 21, April 2010 Sterling Not Hanging About The results from Goldman Sachs shocked the markets as revenues for the 1st Quarter was ... more
A dark cloud hangs over Greece (and it’s not what you think!)
Daily market commentary 20, April 2010 A dark cloud hangs over Greece (and it’s not what you think!) With the Volcanic ash cloud causing the ... more
Sterling Hung out to Dry!
Daily market commentary 19, April 2010 Sterling hung out to dry! Nick Clegg’s strong performance at last weeks televised election debate has seen the smallest ... more
Clegg Takes The Initiative
Daily market commentary 16, April 2010 Clegg Takes The Initiative Greek Prime Minister George Papandreou yesterday asked for a meeting with the European Union, the ... more
Clegg Takes The Initiative
Daily market commentary 17, June 2009 Topic title for the message... Lorum ipsum text to simulate body copy. This is not for reading etc. but ... more
Risk returns to the market
Daily market commentary 15, April 2010 Risk returns to the market The risk-on trade was the order of the day yesterday and overnight in Asian ... more
Greece Passes Go and collects €1.6billion
Daily market commentary 14, April 2010 Greece Passes Go and collects €1.6billion The Greeks smashed their Bond issue sale yesterday and sold €1.6billion in one their ... more
Greece aim to bond with investors
Daily market commentary 13, April 2010 Greece aim to bond with investors Following a strong day for the Euro is the auction of €1.2 bn ... more
Greece dominates the financial news again.
Daily market commentary 12, April 2010 Greece dominates the financial news again. In a weekend packed full of big stories, Greece yet again dominates the ... more
Sustained rally for Sterling!
Daily market commentary 09, April 2010 Sustained rally for Sterling! Sterling shrugged of BIS comments about Britain’s potential fiscal train wreck and continued its recent ... more
Sterling holding up nicely
Daily market commentary 08, April 2010 Sterling holding up nicely Currently, sovereign risk is the phrase on everyone ones lips. The BIS (the central banks ... more
Sterling not hung-up on minority government
Daily market commentary 07, April 2010 Sterling not hung-up on minority government The Bullish US unemployment and ISM data released over the weekend was tempered ... more
Countdown to election
Daily market commentary 06, April 2010 Countdown to election After all the build up, Gordon Brown is expected to head to Buckingham Palace to ... more
Sterling trading Eggceedingly well
Daily market commentary 1, April 2009 Sterling trading Eggceedingly well Sterling continued its rally against the US dollar yesterday as a combination of mixed macroeconomic ... more
Sterling maintains good run
Daily market commentary 30, Mar 2010 Sterling maintains good run A very good morning for Sterling this morning as the pound hits a one month ... more
Sterling pushes higher
Daily market commentary 30, Mar 2010 Sterling pushes higher The Greeks attempted to take advantage of the perceived improvement in the fiscal position by tapping ... more
Euro given a short term lift
Daily market commentary 29, March 2010 Euro given a short term lift Last week the big news was the agreement of a Franco-German proposal involving ... more
Rescue package agreed for Greece…
Daily market commentary 26, Mar 2010 Rescue package agreed for Greece… Finally we have an official deal on Greece so surely we have seen ... more
No shocks from Darling
Daily market commentary 25, March 2010 No shocks from Darling A largely political budget failed to rattle the financial markets and the pound was unmoved ... more
Over to you Darling...
Daily market commentary 24, Mar 2010 Over to you Darling... Yes today is the pre-election budget which Alistair Darling will unveil to the House of ... more
Sterling flat as budget eyed
Daily market commentary 23, Mar 2010 Sterling flat as budget eyed Not a great deal of movement in the FX markets- the pound is currently ... more
Budget the main focus for Sterling this week!
Daily market commentary 22, Mar 2010 Budget the main focus for Sterling this week! UK attention is very much centred on Wednesday’s budget statement from ... more
Greece issues continues to weigh on the euro
Daily market commentary 19, Mar 2010 Greece issues continues to weigh on the euro Someone may have been doing some rough calculations as to how ... more
Sterling holds onto gains
Daily market commentary 18, Mar 2010 Sterling holds onto gains The pound has so far held onto yesterdays gains following the unexpected fall in the ... more
At last- some good news for the pound!
Daily market commentary 17, Mar 2010 At last- some good news for the pound! And it came in the form of the unemployment numbers…the number ... more
Sterling selling running out of steam
Daily market commentary 16, Mar 2010 Sterling selling running out of steam Following over two weeks of selling pressure the market seems to be running ... more
GBP/USD slips in early trading
Daily market commentary 15, Mar 2010 GBP/USD slips in early trading Sterling has started the week badly falling against the USD and the EUR. ... more
Euro fights back against the USD
Daily market commentary 12, Mar 2010 Euro fights back against the USD The euro has gained over a cent against the USD. Economic data certainly ... more
Sterling lifted in early trading
Daily market commentary 11, Mar 2010 Sterling lifted in early trading Yesterday the Pound affirmed its status of being the current whipping-boy currency following ... more
And the hits keep on coming…
Daily market commentary 10, March 2010 And the hits keep on coming… That is for sterling and the UK economy as Industrial production for January ... more
Sterling sold off again…
Daily market commentary 09, March 2010 Sterling sold off again… The consolidation period for Sterling did not last too long and overnight in Asian trading ... more
Sterling holds firm
Daily market commentary 08, Mar 2010 Sterling holds firm Sterling has started the week above 1.51 against the USD and over 1.10 against the euro ... more
No surprises from the BoE
Daily market commentary 05, March 2010 No surprises from the BoE Yesterday it was announced that the BoE were keeping interest rates on hold at ... more
MPC expected to vote no change today...
Daily market commentary 04, March 2010 BoE hold ineterest rates and QE Today, the MPC voted to leave their rates unchanged and in addition held QE at ... more
Sterling consolidates for now…
Daily market commentary 03, March 2010 Sterling consolidates for now… Not much movement overall yesterday on Sterling as the markets paused on selling the pound. ... more
Can Sterling pick up the pieces?
Daily market commentary 02, Mar 2010 Can Sterling pick up the pieces… After being sold aggressively across the markets yesterday the markets have taken a ... more
Pound is pummelled
Daily market commentary 01, Mar 2010 Pound is pummelled Disastrous start for the pound in the FX markets continuing the bearish trend witnessed last week. ... more
Pound sell off continues
Daily market commentary 26, Feb 2010 Pound sell off continues Let us start with the good news from the UK economy before we ... more
US to maintain low interest rates
Daily market commentary 25, Feb 2010 US to maintain low interest rates This was definitely not a surprise but the markets appreciated the affirmation from ... more
US consumer confidence fragile
Daily market commentary 24, Feb 2010 US consumer confidence fragile Yesterdays US consumer confidence data came in weaker than expected and highlights the delicate recovery ... more
No escape for Sterling
Daily market commentary 23, Feb 2010 No escape for Sterling As fiscal concerns and a continuation of the dovish stance from the MPC continue to ... more
Sterling softens as UK debt in the spotlight
Daily market commentary 22, Feb 2010 Sterling softens as UK debt in the spotlight In the last month sterling has lost over 1% against the ... more
USD shines after positive minutes
Daily market commentary 18, Feb 2010 USD shines after positive minutes Yesterday the markets digested the minutes of the February interest rate meetings for both ... more
UK jobless data worse than expected
Daily market commentary 17, feb 2010 UK jobless data worse than expected Jobless claims were up 23,500 against the expectation of a fall of ... more
UK CPI prompts another letter from Mervyn
Daily market commentary 16, Feb 2010 UK CPI prompts another letter from Mervyn UK CPI came in at 3.1% against the expectation of 3.2% so ... more
EU finance ministers reconvene in Brussels
Daily market commentary 15, Feb 2010 EU finance ministers reconvene in Brussels To discuss further details on EU plans for Greece and the next steps. ... more
Another day equals more volatility
Daily market commentary 12, Feb 2010 Another day equals more volatility A good start for sterling quickly turned sour as fear once again gripped the ... more
Greece- deal or no deal?
Daily market commentary 11, Feb 2010 Greece- deal or no deal? EU leaders are meeting today in an attempt to lay the foundations for a ... more
Rollercoaster ride for sterling
Daily market commentary 10, feb 2010 Rollercoaster ride for sterling A good start for sterling soon lost momentum following the Bank of England inflation report ... more
Euro selling takes a breather
Daily market commentary 09, Feb 2010 Euro selling takes a breather But it does look very likely that the pause in its recent decline ... more
Fear grips the markets
Daily market commentary 05, Feb 2010 Fear grips the markets The volatility in the FX markets over the last 24 hours has been staggering! ... more
QE- are we done?
Daily market commentary 04, feb 2010 QE- are we done? Today the markets will be focused upon the interest rate decisions from the Bank Of ... more
Markets await central bank decisions tomorrow
Daily market commentary 03, Feb 2010 Markets await central bank decisions tomorrow Not too much to report today in relation to economic data with the ... more
Where next for the currency markets?
Daily market commentary 02, Feb 2010 Where next for the Currency Markets? The relative performances between the major economic power-houses indicate that the US ... more
Volatile week ahead...
Daily market commentary Volatile week ahead... It’s a big week for the currency markets with a host of events that will most certainly add ... more
daily
Daily market commentary Euro pain continues... The euro touched a five month low against sterling and a fresh six month low against the dollar, ... more
Beware Greeks bearing bonds...
Beware Greeks bearing bonds... 28th January 2010 Beware Greeks bearing bonds... The “Greek tragedy” continues with rumours swirling that the Greek` s approached China ... more
Pound remians weak
Daily market commentary 27, Jan 2010 All eyes on the Fed... The British Pound came under some selling pressure yesterday as the advanced Q4 ... more
UK limps out of recession
Daily market commentary 26, Jan 2010 UK limps out of recession UK Quarter 4 GDP for 2009 came in + 0.1 %, ... more
GDP data for UK and US awaited
Daily market commentary 25, Jan 2010 GDP data for UK and US awaited Little economic data today...therefore the markets will be left to their ... more
Obama’s proposed legislation is digested
Daily market commentary 22, Jan 2010 Obama’s proposed legislation is digested The markets became very flighty yesterday afternoon as President Obama called for the ... more
EUR/USD closes in on 1.40
Daily market commentary 21, Jan 2010 EUR/USD dropping towards 1.40 It is fair to say that the euro has been well and truly smashed over ... more
Sterling eyes 1.15 against the euro
Daily market commentary 20, Jan 2010 Sterling eyes 1.15 against the euro Sterling is continuing its rally against the euro but has fallen back ... more
Sterling strides ahead in 2010
Daily market commentary 19, Jan 2010 Sterling strides ahead in 2010 Another bright start for sterling which continues the momentum. Sterling hit a 6 month high against ... more
Big week for Sterling!
Daily market commentary 18, Jan 2010 Big week for Sterling! A very good work for sterling last week as it pushed higher against the ... more
Obama pledges new tax on banks
Daily market commentary 15, Jan 2010 Obama pledges new tax on banks In relation to their wholesale funding levels plus Intel’s very, positive 4th ... more
Aussie shines & USD weakens further..
Daily market commentary 14, Jan 2010 Aussie shines & USD weakens further More weakness for the USD yesterday across the markets except against the ... more
Risk Appetite took a Real Beating Yesterday
Daily market commentary 13, Jan 2010 Risk Appetite took a Real Beating Yesterday ….. following China’s decision to increase their required reserve ratio (RRR) ... more
Lack of direction in the FX markets
Daily market commentary 12, Jan 2010 Lack of direction in the FX markets Yesterday we saw a bout of USD selling pushing EUR/USD ... more
USD on the back foot
Daily market commentary 11, Jan 2010 USD on the back foot A combination of factors has caused a weaker USD this morning. Firstly the ... more
Sterling bounces higher
Daily market commentary 10, Jan 2010 Sterling bounces higher Sterling has finished the week as it started in a positive tone; the pound has ... more
It is becoming a bit of a Competition for Last Place
Daily market commentary 07, Jan 2010 It is becoming a bit of a Competition for Last Place …. between the Yen and Sterling. Both ... more
Higher Yielders make early 2010 gains
Daily market commentary 06, Jan 2009 Higher Yielders make early 2010 gains ….. with positive interest in many Far Eastern and Antipodean currencies continuing ... more
Higher Yielders make early 2010 gains
Daily market commentary 06, Jan 2009 Higher Yielders make early 2010 gains ….. with positive interest in many Far Eastern and Antipodean currencies continuing ... more
Pound slumps on Gilt concerns
Daily market commentary 05, Jan 2010 Pound slumps on Gilt concerns Yesterday the pound started the trading year very positive, however later in trading ... more
Bright start to 2010 for Sterling
Daily market commentary 04, Jan 2010 Bright start to 2010 for Sterling As usual, the trading periods between the Christmas and New Year ... more
greenback ends the year on a high
Daily market commentary 30,Dec 2009 greenback ends the year on a high As we enter the last full trading day of the year, the ... more
market commentary
Daily market commentary 29, December 2009 Topic title for the message... The markets have today re-opened after the Christmas break with little to report. ... more
Markets wind down
Daily market commentary 23, Dec 2009 Markets wind down Markets get more and more illiquid and technicals become more and more relevant. To that end, ... more
UK GDP revision disappoints
Daily market commentary 22, Dec 2009 UK GDP revision disappoints The markets remain very illiquid but reasonably volatile. Equities had a strong day with ... more
The Weekend Press picks up on the Warnings from both the BoE and the ECB
Daily market commentary 21, Dec 2009 The Weekend Press picks up on the Warnings from both the BoE and the ECB The warnings reflect that ... more
USD rally extends
Daily market commentary 18, Dec 2009 USD rally extends The Dollar index which measures the strength of the USD against a basket of currencies ... more
fed keeps rates on hold
Daily market commentary 17,Dec 09 fed keeps rates on hold Last night the Federal reserve kept their interest rates on hold, reports indicate ... more
It’s all about confidence!
Daily market commentary 16, Dec 2009 It’s all about confidence! That is when looking at the eurozone as a whole. Since the beginning of December ... more
Euro on the backfoot
Daily market commentary 15, Dec 2009 Euro on the backfoot The euro has again moved lower against the majors and in particular against the ... more
Euro on the backfoot
Daily market commentary 15, Dec 2009 Euro on the backfoot The euro has again moved lower against the majors and in particular against the ... more
As we get into December, so forex markets become less and less liquid
Daily market commentary 14, Dec 2009 As we get into December, so forex markets become less and less liquid …. this, combined with the ... more
The market yet again demonstrates its almost insatiable desire for risk
Daily market commentary 11, December 2009 The market yet again demonstrates its almost insatiable desire for risk …. even in the face of overwhelming arguments ... more
Darling dancing around deficit
Daily market commentary 10, Dec 2009 Darling dancing around deficit So the pre-budget came and went yesterday and the economists and the politicians digested ... more
All about the pre-budget today
Daily market commentary 09, Dec 2009 All about the pre-budget today All eyes will fall today on Alistair Darling’s pre-Budget report today; for the FX ... more
Pre-budget nerves for sterling?
Daily market commentary 08, Dec 2009 Pre-budget nerves for sterling? That could be one reason for the fall in sterling since close of play yesterday. ... more
USD fightback
Daily market commentary 07, Dec 2009 USD fightback The surprise US non farms payrolls that came out on Friday took centre stage. A reading ... more
ECB take Baby steps to cut liquidity
04, Dec 2009 ECB take Baby steps to cut liquidity Yesterday was a day of mixed messages and movements in the FX markets. The USD ... more
Market confidence resumes
03, Dec 2009 Market confidence resumes It was back to business as usual in the markets as the search for yield gathered momentum. The big ... more
USD turns lower again
02, Dec 2009 USD turns lower again The move back into USD did not last too long as was mainly attributed to the fear factor ... more
Dubai grabbing the headlines
01, Dec 2009 Dubai grabbing the headlines The Dubai furore continues and undoubtedly will do so for some time; the market seems to have contained ... more
So What is the Impact of the Situation in Dubai ?
30, Nov 2009 So What is the Impact of the Situation in Dubai ? … Well so far, nobody is really sure. Given that both ... more
Dubai fears rattle markets
27, Nov 2009 Dubai fears rattle markets …. with currencies largely unaffected in London trading although the Dollar edged stronger as market liquidity thinned out. ... more
USD/JPY breaks to 14 year low
26, Nov 2009 USD/JPY breaks to 14 year low The USD has lost key resistance levels against the EUR, CHF and JPY hitting a 14 ... more
UK revised GDP as expected
25, Nov 2009 UK revised GDP as expected The market was left somewhat disappointed this morning as UK revised third quarter GDP came in as ... more
Lots of data to digest today
24, Nov 2009 Lots of data to digest today Today is a data packed calendar for the markets. Notably we kicked off with the German ... more
USD starts to slide again
23, Nov 2009 USD starts to slide again After a good performance last week by the USD the market was looking to see if the ... more
UK plc debt deepening
20, Nov 2009 UK plc debt deepening Yesterdays UK public sector net borrowing came in at £11.4 billion- much higher than forecast. Going forward the ... more
UK public finance data not pretty!
19, Nov 2009 UK public finance data not pretty! Sterling has softened a touch this morning following ugly UK October Public Sector Net Borrowing data. ... more
3 Split from the BoE
18, Nov 2009 3 Split from the BoE The Bank of England were split three ways on the November QE vote. 7 backed the £25 ... more
Stronger US dollar rhetoric ignored
17, Nov 2009 Stronger US dollar rhetoric ignored Following US treasury secretary Tim Geithner’s backing of a stronger US dollar, Ben Bernanke also ... more
USD on the back foot
17, June 2009 USD on the back foot Disappointing data on Friday coupled with little headway in the APEC conference has served to undermine ... more
Friday 13th…so far so good for sterling
13, Nov 2009 Friday 13…so far so good for sterling Great start to the morning for sterling pushing up against the USD and the EUR ... more
Markets digest BoE inflation report
12, June 2009 Markets digest BoE inflation report Yesterday sterling weakened after the release of the Quarterly Inflation report and the accompanying speech by ... more
Good news then bad news for sterling
11, Nov 2009 Good news then bad news for sterling A busy day in the markets this morning for economic data from the UK. Firstly ... more
Sterling encountered an enormous banana skin this morning!
10, Nov 2009 Sterling encountered an enormous banana skin this morning! … in the Far East just as the currency looked as though it might ... more
Good start to the week for Sterling!
09, Nov 2009 Good start to the week for Sterling! The pound is off to a flyer in particular against the USD hitting 1.68 and ... more
QE expanded by £25 billion and sterling rises- why?
06, Nov 2009 QE expanded by £25 billion and sterling rises- why? The Monetary Policy Committee voted as expected to leave interest rates unchanged at ... more
BoE rate decision eagerly awaited
05, Nov 2009 BoE rate decision eagerly awaited Today at midday the MPC will announce the decision on interest rates and Quantitative Easing. Interest rates ... more
Huge decision looms for Bank of England
04, Nov 2009 Huge decision looms for Bank of England Tomorrow the MPC will meet for their monthly meeting but this time around the implications ... more
Where next for the pound?
03, Nov 2009 Where next for the pound? Yesterday the pound slowly filtered lower as the markets digested the uncertainty surrounding the Bank of England ... more
QE- will they expand?
02, Nov 2009 QE- will they expand? A milestone week for the markets this week with lots of data to look out for both here ... more
The pound charges higher
The pound charges higher ... The beleaguered pound was in demand yesterday reaching a six week high verses the Euro and holding its own against ... more
Sterling up but why?
29, October 2009 Sterling up but why? Sterling is rallying this morning in the markets against most of the major currencies except the Japanese Yen. ... more
Euro fails to recover recent losses
28, Oct 2009 Euro fails to recover recent losses Yesterday and overnight we had little movement in the markets comparative to what we have been ... more
EUR/USD fails to hold 1.50
27, October 2009 EUR/USD fails to hold 1.50 The big news in the markets yesterday was the rally of the USD in particular against the ... more
Pound falls on weak GDP data
26, October 2009 Pound falls on weak GDP data In the wake of Friday’s horrendous GDP data, there is now growing speculation that the ... more
UK still in recession
22, October 2009 UK still in recession It was the big one that the market had been waiting for- UK GDP. This was touted to show ... more
UK Retail Sales disappoints
22, October 2009 UK Retail Sales disappoints Yesterday the spotlight was firmly on the Bank of England minutes in the morning and onto the Fed ... more
Bank of England minutes boost sterling
21, Oct 2009 Bank of England minutes boost sterling Last night Mervyn King made a speech in Edinburgh and did not mention an expansion of ... more
EUR/USD targeting 1.50
20, October 2009 EUR/USD targeting 1.50 The prevailing market sentiment is for a weaker USD and EUR/USD is driving towards a key barrier option at ... more
Pound starts the week badly again
19, October 2009 Pound starts the week badly again We ended last week looking more positive for the beleaguered pound which gained against both the euro ... more
Aussie dollar shines
Aussie dollar shines... Overnight comments from the Governor of the Reserve Bank of Australia , Glenn Stevens will only serve to underpin the currency. ... more
Sterling shines..
Sterling shines... Sterling for once is the star of the show. A large Eur/Gbp sell order from a UK clearer kicked things off this ... more
Sterling enjoys a brief rally
Sterling enjoys a brief rally .. This morning, we have already had the UK employment data which was better than expected with a low ... more
The pound gets pounded !
The pound gets pounded Sterling again takes the lead today as the “pound gets pounded”, It`s very difficult to put a forward a case ... more
Range bound trading
Range bound trading... Markets were seriously unmoved at the outcome of the policy meetings yesterday. In fact very little occurred until after we ... more
Markets awaits BoE
Market awaits BoE The scheduled monthly get-togethers take place in London , MPC/BoE and in Venice , the ECB. There is a general consensus that ... more
Sterling remains under pressure
Sterling remains under pressure... Sterling never really recovered from the Double Whammy yesterday of Mandelson extolling the virtues to exporting companies of a weaker ... more
Australia hikes rates !
Australia hikes rates .! As had been anticipated for some time now Australia became the 1st of the OECD countries to raise their ... more
UK PMI above expectations
UK PMI above expectations UK PMI released early today came in above expectations however Sterling failed to respond and we are still trading friday`s ranges. ... more
Labour has lost it !
30th/09/2009 Labour has lost it ! Once again, sterling is making waves. In contrast to its recent bout of weakness against the US dollar, ... more
Sterling enjoys a brief rally
29/09/2009 Sterling enjoys a brief rally ... Sterling this morning has enjoyed a brief rally, on the back of better than expected economic numbers. Key ... more
G20 as expected
28/09/09 G20 as expected The G20 meeting concluded with little unexpected emerging . The draft statement promised to maintain policy stimulus for as long as it ... more
Sterling dives again
25/09/2009 Sterling dives again ! The combination of negative sentiment towards the pound’s value from the supposed Guardian of the currency, the Bank of England, ... more
King talks the pound lower
17, June 2009 King talks the pound lower... Bank of England Governor Mervyn King says that UK growth may be beginning to pick up ... more
USD turns lower ahead of the G20
22, September 2009 USD turns lower ahead of the G20 The USD traded well for the most part of yesterday as the anticipated a more ... more
Few positives for the pound
21, September 2009 Few positives for the pound The pound came under intense pressure last week falling to 1.10 against the euro and slipping against the ... more
The pound under pressure
18, September 2009 The pound under pressure The pound is under intense pressure this morning falling to 1.10 against the euro and slipping against the USD. ... more
More good news hurts the USD
17, Sept 2009 More good news hurts the USD The dollar continued to come under pressure across the markets as more positive feedback from global ... more
King comments cause pound sell off
16, Sep 2009 King comments cause pound sell off Yesterday sterling started on a fairly positive note after UK CPI data came in stronger than ... more
Mixed morning on FX majors
15, September 2009 Mixed morning for sterling We have experienced a bumpy ride so far this morning in the markets- sterling started positively touching 1.6650 ... more
Lehman collapse - one year on
15, Sep 2009 Lehman collapse - one year on The start of this week marks the one year anniversary of the collapse of Lehman Brothers ... more
Dollar fall gains momentum
11, Sep 2009 Dollar fall gains momentum As expected the Bank Of England left interest rates unchanged yesterday and also did not expand the QE measures ... more
UK interest rate decision today’s highlight
10, Sep 2009 UK interest rate decision today’s highlight The Monetary Policy Committee of the Bank Of England today announce their monthly interest rate decision. ... more
UK out of recession!
09, September 2009 UK out of recession! That is according to the NIESR (National Institute for Social and Economic Research) who yesterday heralded that the in ... more
Gold surges past 1,000.00/oz
08, September 2009 Gold surges past 1,000.00/oz Gold and commodities continue to outperform in the markets helping lift the ZAR, AUD and CAD. In particular ... more
Can the gain in sterling be maintained?
07, September 2009 Can the gain in sterling be maintained? Sterling started on a weak note at the beginning of last week as concerns grew over ... more
US payroll data eyed for market direction
04, Sep 2009 US payroll data eyed for market direction A good day for the pound yesterday UK PMI services came in better than expected ... more
Gold soars but why?
03, Sep 2009 Gold soars but why? Yesterday was a strange day in the markets as gold perplexed the markets soaring $22. The reason could ... more
Fear factor returns
02, Sep 2009 Fear factor returns Despite good economic data yesterday from the US in the form of US pending home sales and Manufacturing ISM the ... more
Pound starts well then falters
01, Sep 2009 Pound starts well then falters With the London markets closed yesterday sterling emerged into trading this morning relatively unscathed. It was probably slightly supported ... more
UK GDP above expectations
28, Aug 2009 UK GDP above expectations This morning we have seen Q2 GDP come in better than expected at -0.7% against the expected -0.8%. ... more
Sterling winds lower
27, August 2009 Sterling winds lower Are we going to see another prolonged period of sterling weakness? The signs are not looking too good for the ... more
Pound at a 10 week low against the euro
26, Aug 2009 Pound at a 10 week low against the euro The pound had another dismal day in the markets yesterday and has not started ... more
Sterling falls below key level against the euro
25, Aug 2009 Sterling falls below key level against the euro Yesterday sterling was on the back foot against the USD and the EUR. In particular ... more
Will the good cheer prevail?
24, Aug 2009 Will the good cheer prevail? On Friday we had further positive feedback from the US economy as existing home sales came in much ... more
Markets remain mixed
21, Aug 2009 Markets remain mixed Yesterday we saw a flurry of data from the UK economy. We firstly had retail sales which came in ... more
MPC split on expansion of QE
20, Aug 2009 MPC split on expansion of QE Yesterday morning we had the Bank of England minutes which fed through a vote of 6-3. The ... more
Sterling the star performer yesterday
19, Aug 2009 Sterling the star performer yesterday Sterling was the belle of the ball in the currency markets yesterday gaining 1% against the USD and ... more
Sterling consolidates after dip
18, Aug 2009 Sterling consolidates after dip Yesterday we saw a period of consolidation after the markets dipped from Friday. GBP/USD recovered from the 1.62 levels ... more
Confidence dips on weak US data
17, Aug 2009 Confidence dips on weak US data It seems we have the Monday morning blues in the markets this morning. GBP/USD is down from ... more
GBP/AUD hits 1997 lows
14, Aug 2009 GBP/AUD hits 1997 lows The markets had an optimistic start yesterday buoyed with the positive news that France and Germany posted positive ... more
Germany and France out of recession?!?
13, Aug 2009 Germany and France out of recession?!? Official data this morning has confirmed that Q2 GDP has come in positive 0.3% for both ... more
FED decision and BoE Quarterly Inflation Report awaited
12, Aug 2009 FED decision and BoE Quarterly Inflation Report awaited Already this morning we have had the release of eagerly awaited jobless claims and ... more
Pound sell-off
11, August 2009 Pound sell-off The pound suffered heavily in trading yesterday and has continued on a weak tome this morning. Yesterday the pound fell ... more
US payroll numbers boost the USD
10, August 2009 US payroll numbers boost the USD On Friday we saw the much anticipated US non-farm payroll numbers come in far ahead of ... more
BoE increase QE by £50 billion in surprise move
07, Aug 2009 BoE increase QE by £50 billion in surprise move The Bank of England left interest rates on hold at 0.5% but in ... more
Will they or wont they?
06, August 2009 Will they or wont they? That is will the Bank Of England extend the current measures in place for Quantitative Easing? It ... more
FX markets take a breather
05, August 2009 FX markets take a breather Mostly sideways trading yesterday as sterling and the euro failed to advance further against the USD. We did ... more
GBP/USD eyes 1.70
04, August 2009 GBP/USD eyes 1.70 The pound rediscovered its former glory yesterday but will it last? This morning we have tested the much feted 1.70 ... more
Sterling pushing higher
03, August 2009 Sterling pushing higher Sterling has pushed up to over 1.18 against the euro and just over 1.68 against the US dollar. Sterling ... more
Volatility for anyone trading USD and/or EUR
31, July 2009 Volatility for USD & EUR As we saw yesterday German unemployment figures rose to 3.46m from 3.41m. German unemployment has been on ... more
German unemployment rises
30th July 2009 German unemployment rises... Interestingly, Bank of England data released yesterday highlighted the fact that British companies are paying down bank loans at ... more
GBP/USD tops out at 1.65 again
29, July 2009 gbp/usd tops out at 1.65 again In the last few weeks we have seen a number of attempts to breach 1.65 on ... more
AUD the big winner as risk appetite continues
28, July 2009 AUD the big winner as risk appetite continues More positives as equities continued their bull run with the FTSE posting another gain ... more
Equities in UK and US hit 2009 high
27, July 2009 Equities in UK and US hit 2009 high Better than expected US corporate earnings and cautiously optimistic comments from Fed chairman Ben ... more
UK GDP weaker than expected..
24, July 2009 UK GDP weaker than expected.. Sterling started strongly in early trading moving towards 1.6550 on the USD, 1.1650 against the Euro and ... more
MPC Minutes send Sterling higher !
17, June 2009 MPC minutes send Sterling Higher ! Yesterdays minutes showed the more positive economic outlook expressed by the MPC members at their ... more
Sterling stumbles again
22, July 2009 Sterling stumbles again Sterling is the big loser overnight in the markets and it is on the ropes this morning again. Recently ... more
Markets consolidate after good run
21, July 2009 Markets consolidate after good run Yesterday most of the good sentiment was fed into the markets on open following the announcement of ... more
Markets off to a flyer!
20, July 2009 Markets off to a flyer! Really positive start to the morning and to the week as news filtered through in Asian ... more
IMF warn on UK finances
17, July 2009 IMF warn on UK finances A cagey day in the markets yesterday as mixed data prevented any dominent trend in ... more
Market Commentray, July 16, 2009
16, July 2009 Mixed data leads to mixed markets Yesterday, the Federal Reserve released the minutes from their June meeting and the market was ... more
Risk swings continue
15, July 2009 Risk swings continue In the current climate sentiment is changing like the drop of a hat; the swings from risk on to ... more
The tide changes again
14, July 2009 The tide changes again Of late we have become accustomed to sudden changes in global economic sentiment as the uncertain markets digest ... more
Risk Aversion maintained
Risk Aversion Continues Following a busy week on the funding / interest rate side but with not so much activity in the foreign exchange ... more
BoE leave QE measures unchanged
10, July 2009 BoE leave QE measures unchanged The Bank of England surprised the markets by keeping the Quantitative Easing programme at £125 billion, as ... more
All eyes on BoE today
09, July 2009, All eyes on BoE today Yesterday sterling remained under pressure for the trading day as the prospect of increasing the QE programme ... more
G8 kicks off without China
08, July, 2009 G8 kicks off without China The riots in Urumqi have led to the Chinese President, Hu Jintao returning home and missing the ... more
Balkan concerns grow again
07, July 2009 Balkan concerns grow again Very quiet in the FX markets yesterday and the USD and the YEN continued to remain firm across ... more
Sterling under pressure
06, July 2009 Sterling under pressure With Friday being a US holiday it was expected that we would see some volatility within the trading ranges; ... more
Choppy range bound trading expected today
03, July 2009 Choppy range bound trading expected today Yesterday’s non-farm payroll data came in weaker than expected with feedback that US employers shed nearly ... more
Payroll Thursday
02, July 2009 Payroll Thursday Sterling lost more ground against the EUR and the USD yesterday as the repercussions of the lower GDP number ... more
Sterling rally muted again
1, July 2009 Sterling rally muted again Well yesterday certainly started well for sterling as it crashed through 1.66 against the USD and pushed ... more
Commodity rally sparks a move on the major currencies
30, June 2009 Commodity rally sparks a move on the major currencies Late trading yesterday on Wall Street and in Asian equities pushed up commodities; ... more
Little change in range bound markets
29, June 2009 Little change in range bound markets No major shifts in the markets as we maintain range trading across the board. Sterling ... more
USD weakens on better outlook
17, June 2009 USD weakens on better outlook Late afternoon and overnight the USD weakened across the markets as US GDP data came in ... more
Lots of news and volatility
17, June 2009 Lots of news and volatility Lots to talk about on yesterday’s trading day. Early in the trading day the OECD ... more
USD weakens ahead of the FOMC meeting
17, June 2009 USD weakens ahead of the FOMC meeting Yesterday started quietly enough as the markets consolidated the previous days volatility following ... more
World Bank downgrade snaps the recent risk driven rallies.
17, June 2009 World Bank downgrade snaps the recent risk driven rallies. Yesterday the World Bank predicted that the global economy will contract 2.9% ... more
New Market Commentary - TestLIVE
17, June 2009 Topic title for the message... Lorum ipsum text to simulate body copy. This is not for reading etc. but for display purposes ... more
Mixed reports from the Eurozone
Mixed reports from the Eurozone www.currenciesdirect.net/cdtv June 22, 2009 Looking at the markets this morning the euro has started on the back foot. The reason ... more
Mixed data leads to range trading
Mixed data leads to range trading www.currenciesdirect.net/cdtv June 19, 2009 The currency markets settled into range trading yesterday as mixed market data continued to cloud ... more
Surprise drop in UK retail sales
Surprise drop in UK retail sales www.currenciesdirect.net/cdtv Following yesterdays’ cautious assessment from the Bank Of England, sterling dipped after a good run. The dip in ... more
Risk trades shelved for now
Risk trades shelved for now www.currenciesdirect.net/cdtv June 17, 2009 A quick look at yesterday’s movements in the markets saw sterling maintain its trade weighted highs ... more
Risk trades shelved for now
Risk trades shelved for now www.currenciesdirect.net/cdtv June 17, 2009 A quick look at yesterday’s movements in the markets saw sterling maintain its trade weighted highs following ... more
Equities fall as markets stutter
Equities fall as markets stutter www.currenciesdirect.net/cdtv June 16, 2009 Yesterday’s cautious note led to a pronounced sell off in the equity markets as fresh concerns ... more
Caution is the buzz word
Caution is the buzz word www.currenciesdirect.net/cdtv June 15, 2009 The CBI (Confederation of British Industry) commented that the recession will be shorter and less severe ... more
Sterling continues to drive higher.
Sterling continues to drive higher www.currenciesdirect.net/cdtv June 12, 2009 Has sterling broken the back of recent USD and euro strength witnessed in the last 6 ... more
GBP/EUR hits new 2009 high
GBP/EUR hits new 2009 high www.currenciesdirect.net/cdtv June 11, 2009 Sterling has again pushed higher on a trade weighted basis as optimism continues to grow on ... more
Which way for the USD?
Which way for the USD? www.currenciesdirect.net/cdtv June 10, 2009 The markets have demonstrated conflicting trading signals on the USD- following last weeks rally back below ... more
Sterling bounces as Brown survives
Sterling bounces as Brown survives June 9, 2009 www.currenciesdirect.net/cdtv Real time comment every day at 9.30 am Following a mauling in the European elections ... more
USD fightback continues
USD fightback continues June 8, 2009 www.currenciesdirect.net/cdtv Real time comment every day at 9.30 am The USD continues to fightback this morning making ... more
Sterling Tumbles
Sterling Tumbles live update www.currenciesdirect.net/cdtv June 5, 2009 Sterling had the equivalent of a Bad Hair Day yesterday on the foreign exchange market. Even ... more
Green Shoots ?
www.currenciesdirect.net/cdtv Real time comment every day at 9.30 am Green Shoots ? Evidence that the Global Economy is on the turn continues to ... more
New Commentary Template Test
USD remains under pressure 2 June, 2009 Yesterday we saw a fresh seven month high against the dollar and a six month high against the ... more
Market Commentary, 2 June, 2009
USD remains under pressure 2 June, 2009 Yesterday we saw a fresh seven month high against the dollar and a six month high against the ... more
USD tumbles-Dollar index lowest this year
USD tumbles-Dollar index at lowest level this year 1 June, 2009 The USD has tumbled to lower levels against a basket of currencies…the pound has ... more
Sterling buoyed with positive house price data
Sterling buoyed with positive house price data Lots of positives in the global markets this morning and for sterling. Firstly we have seen the Nationwide ... more
Sterling buoyed with positive house price data
Sterling buoyed with positive house price data Lots of positives in the global markets this morning and for sterling. Firstly we have seen the Nationwide ... more
USD snaps back against sterling
USD snaps back against Sterling May 28, 2009 Overnight the dollar has snapped back against sterling from above the 1.60 level…the main driver was the ... more
Sterling spikes to 1.60 v the Dollar
Sterling spikes to 1.60 v the Dollar May 27, 2009 The pound has hit the $1.60 level for the first time in nearly seven months, ... more
Concerns over North Korea lift USD and YEN
Concerns over North Korea lift USD and YEN May 26, 2009 Yesterday attention turned to Asia as the UK and US markets were closed. The Yen and ... more
What a difference an “A” makes
What a difference an "A" makes May 22, 2009 UK credit rating outlook under scrutiny Triple- A worries also mount in the US extending dollar ... more
What a difference an “A” makes
What a difference an "A" makes May 22, 2009 UK credit rating outlook under scrutiny Triple- A worries also mount ... more
Rollercoaster morning for sterling
Rollercoaster morning for sterling May 21, 2009 Sterling started the morning on a great footing- hitting a new 6 month high against the dollar ... more
Pound hits yearly high on the dollar
Pound hits yearly high on the dollar Sterling hit a level of 1.5523 in trading yesterday- this is the highest level of 2009 and marks ... more
Feel good factor has returned
Feel good factor returns Overnight the UK government has hinted it may look to sell a portion of the debt it has taken on ... more
Market uncertainty continues
Market uncertainty continues Over the last week we have witnessed more snippets of economic good news being clouded by renewed weak data and economic ... more
Eurozone GDP posts sharp contraction
Eurozone GDP posts sharp contraction Yesterday was a day of consolidation in the currency markets and trading remained tight. PPI and jobless claims data from ... more
Investors take some chips off the table
Investors take some chips off the table Yesterday we were again joined by our friend "risk aversion" as the equity markets digested a gloomier than ... more
"Green shoots" trampled by Mervyn King
"Green shoots" trampled by Mervyn King Sterling has slumped lower following this mornings Quarterly inflation report by the Bank Of England emphasising a slow and ... more
Bout of profit taking snaps the equity rally
Bout of profit taking snaps the equity rally As feared yesterday we witnessed a sharp bout of profit taking in the equity markets as investors ... more
USD weakness as risk appetite improves
USD weakness as risk appetite improves A big week in the markets last week saw the release of interest rate decisions in the UK and ... more
Another £50 billion into the mixer!
Another £50 billion into the mixer! Yesterday the Bank Of England held the official interest rate as expected at 0.5% but surprised the markets ... more
What ammunition do the ECB have in their armoury?
What ammunition do the ECB have in their armoury? The main focus on the economic calendar today will be the European Central Banks monthly meeting ... more
US stress tests of banks a focal point
US stress tests of banks a focal point The results of the US banks stress testing is expected tomorrow after the markets in New York ... more
Radar on Thursdays ECB rate decision
Radar set on Thursdays ECB rate decision Last month the European Central Bank (ECB) surprised the markets by only cutting interest rates by 25 basis points ... more
Markets remain mixed
Markets remain mixed Lets start with the good news- UK PMI has risen to 42.9 in April from 39.5 in March, above market expectations of ... more
Pendulum again swings towards risk appetite
Pendulum again swings towards risk appetite Yesterday and overnight we have experienced a broad sell off in the USD as a return to global risk ... more
Which way to turn next ?…
Which way to turn next ?… …is the question as investors appetite for risk was sharpened yesterday by some positive U.S. economic data while ... more
Risk Aversion trades take centre-stage…….
Risk Aversion trades take centre-stage……. … as Swine Flu continues to dominate market chatter. Unfortunately it is the unknown that is causing the problem rather ... more
Risk Aversion Returns
Risk Aversion Returns Risk Aversion trading takes over again in the Far East as uncertainty over the seriousness of the ‘swine-flu' proves the driver ... more
The Budget built on hope
The budget built on hope The Market gives Alistair Darling the benefit of some considerable doubt, for now anyway. The numbers that we would prefer ... more
Budget Day
Budget Day Yesterday saw some interesting data out from the UK and Europe and a series of official interest rate reductions from around the globe. ... more
Equity sell off
On the face of it yesterday's Bank of America's Q1 figures were excellent continuing the recent strong rebound in US Banks' performances with the ... more
We are now in an Economists Dream Scenario …….
We are now in an Economists Dream Scenario ……. …. with a vast diversity in indicators leading to widely different opinions and prognostications as ... more
Euro Tumbles
Finally it seems as though Banks are starting to turn a corner. Following the positive results from US investment banks this week the market has ... more
Sterling Shines
Sterling Shines ! Today we have already seen the RICS survey from the UK which was as expected, better than the previous month’s assessment. This ... more
Sterling leads the way
Sterling leads the way ! Despite yesterday’s trading volumes being severely depleted resulting from the Bank Holiday across much of Europe and the UK ; ... more
BoE rates expected to remain unchanged…
BoE rates expected to remain unchanged… The market will turn its attention to the result of the MPC meeting plus any announcement pertaining to the ... more
Euro on the back foot
Euro on the back foot… This morning we see the euro under more pressure; against sterling it is knocking the door of key support at ... more
UK data weak but above consensus....
UK data weak- but above consensus... UK manufacturing and Industrial production data has been released this morning- both slightly better numbers than expected but that ... more
Equity rally continues post G20
Equity rally continues post G20 The main theme in the currency markets over the past few trading days is to sell the US dollar and ... more
Equity Markets Surge Following the G20
Equity Markets Surge Following the G20 Communiqué….. … Was the outcome that good or was the Conference just in the right place at the right ... more
All eyes on the ECB and G20 today...
All eyes on the ECB & G20 today... The G20 Conference in London stole the Press Inches ….. …. but it was the yesterday's economic ... more
German retail sales fall...
German retail sales fall... German retail sales for February have fallen 0.2% against the consensus of a rise of 0.2% this morning reinforcing the weak ... more
Pressure mounts on the ECB
Pressure mounts on the ECB... It has a feeling of crunch time for the ECB as Thursdays rate decision approaches…the pressure is certainly mounting for ... more
Big week ahead
Big week ahead... Lots on the agenda this week; the main focus will be the G20 summit, ECB rate decision and US non farm payroll ... more
Yield is King...
Yield is King.... More weak data from the UK this morning as official figures confirmed that GDP contracted by 1.6% against the estimate of 1.5%; ... more
UK Retail sales fall in February
UK Retail sales fall in February Yesterday we saw CBI distributive trades forecast come in worse than expected at -44- this figure reflects the gloom ... more
investors digest the US toxic assets plan
Investors digest the US toxic asset plan.. A bit of a break in the trend late yesterday as stocks retreated as investors digests the US ... more
Equities surge higher...
Equities surge higher... Markets are on a positive feel following yesterdays outline by Tim Geithner on the Public Private Investment Program in the US. The ... more
Dollar weakness prevails...
Dollar weakness prevails... The dollar remains on the back foot in the currency markets as US stocks posted their first back to back weekly rallies…the ... more
One day dollar capitulation....
One day dollar capitulation.... This morning the markets are relatively steady after the severe volatility experienced yesterday. The USD is still on the back ... more
Fed shocks markets...
Fed shock the markets with a bumper $1.15 trillion stimulus plan The pound and the euro rallied significantly last night against the USD as the ... more
UK unemployment now over 2 million
UK unemployment now over 2 million UK unemployment has breached 2 million for the first time since 1997 as the economic slowdown continues to hurt ... more
Equity market rally sustains....
Equity market rally sustains... Yesterday we had another firm session in Asian stock markets and a steady session on the Dow Jones continuing the rally ... more
G20 meeting springs little surprises…
G20 meeting springs little surprises… There was actually very little focus at the G20 on the forex markets and recent volatility. The main interest was ... more
The Pendulum swings again...
The Pendulum swings again... Another volatile day yesterday saw big moves in the forex markets and vastly improved risk appetite. Firstly we saw the Swiss ... more
Sterling still under pressure...
Sterling still under pressure... Yesterday saw Brazil and New Zealand reduce interest rates; Brazil by a massive 150 basis points to 11.25% and New Zealand ... more
What a difference a day makes....
What a difference a day makes.... …As the equity markets surged higher after reports that Citigroup’s chief executive said that the US bank was profitable ... more
Manic Monday on the fx markets..
Manic Monday on the fx markets... Yesterday we saw dramatic swings in the fx markets with the pound being the protagonist. GBP/USD retreated from Fridays ... more
US jobless data rocks the markets...
US jobless data rocks the markets... US jobless data on Friday jumped to 8.1% according to figures from the Labour department. The data compounds the ... more
Quantitative Easing- Time will tell….
Quantitative Easing- Time will tell…. No surprises yesterday as the Bank Of England confirmed a 0.5% interest rate cut to bring the interest rate to ... more
Decision day on interest rates for BoE & ECB
Decision day on interest rates for BoE & ECB The anticipation is for a 50 basis points cut for both the Bank Of England at ... more
Risk aversion prevails....
Risk aversion prevails... Yesterday we saw little change in sentiment as the fallout from AIG continued to dampen the markets and strengthen the dollar as ... more
Equities tumble as AIG losses shock the markets
Equities tumble as AIG losses shock the markets AIG yesterday announced the biggest corporate quarterly loss in history as 4th quarter 2008 figures showed a ... more
HSBC profits fall by 28%
HSBC profits fall by 28%... News already out this morning confirmed that HSBC’s half-year profits fell by 28%; the main leakage occurred in its North ... more
Range trading continues
Range trading continues... The Euro zone data released this morning (CPI and EU unemployment) has carried the theme of the week and met the consensus ... more
RBS announce record corporate loss...
RBS announce record corporate loss... Following yesterdays UK GDP data the pound looked resolute and stable, trading towards the top of the range against the ... more
US stocks bounce from the lows…
US stocks bounce from the lows… Following dreadful US consumer confidence data earlier in the day the Dow posted a 2% rise, this after Bernanke ... more
German IFO survey relatively unchanged...
German IFO survey relatively unchanged... The German IFO business climate survey just released has not highlighted any significant changes in February; industrial confidence and economic ... more
USD under pressure...
USD under pressure... Last week although the currency markets were choppy, we did not see a significant break out of the current ranges for the ... more
Euro halts losing streak against the USD
Euro halts losing streak against the USD... Yesterday the euro managed to halt its losing streak against the US dollar as the German finance minister ... more
Where now for UK interest rates?
Where now for UK interest rates? Following yesterday’s vote of 8-1 by the MPC on February’s interest rate decision sterling has gained further against the ... more
Euro in the spotlight
EURO in the spotlight... The pound held up well yesterday as the latest UK inflation data confirmed that CPI fell 0.7% in January bringing the ... more
The Euro finally breaks down through the 1.2700 support …..
The Euro finally breaks down through the 1.2700 support ….. …. which had held since early December against the US dollar. The target going forward ... more
Is Ireland about to default?
Is Ireland about to default? This weekends G7 meeting in Rome failed to send any significant message to the currency markets. A brief comment regarding ... more
Where now for the pound?
Where now for the pound? Following another rollercoaster week in the currency markets we have seen the pound rally and then submit its gains…today and ... more
UK GDP set to fall 4% in early 2009
GDP set to fall by 4% in early 2009... Lots of data yesterday in the UK, of particular interest was the Bank Of England inflation ... more
After weeks and weeks of Build Up and Hype ……
After weeks and weeks of Build Up and Hype …… …. Geithner unveilled absolutely nothing new with regards to the Obama Administration's financial rescue package. ... more
UK BRC retail sales figures are reported….
UK BRC retail sales figures are reported…. … eye-brow raisingly strong. It has to be assumed that the deep discounting that was seen supporting the ... more
3 Factors will Dominate This Weeks Markets …..
3 Factors will Dominate This Weeks Markets ….. …. News out on the US Stimulus and Financial Bailout packages, this week's Treasury refunding and the ... more
Sterling Surges...
Sterling Surges... Yesterday’s much anticipated 0.5 % cut by the BoE was greeted with derision from savers. However the currency markets reacted in a positive ... more
BoE leads the way
BoE leads the way.... Today is the day when the BoE could come very close to running out of bullets when it comes to the ... more
rate announcements here we come
Rate announcements here we come.... Despite the fact we are heading into the Bank of England’s rate decision tomorrow Sterling is holding up pretty well. ... more
It Snow Laughing Matter ….
It Snow Laughing Matter …. … with the Met Office predicting more white stuff to come later in the week, falling on top of the ... more
Currencies Direct
It's Going to be a Very Subdued Start … to the week with the Capital largely cut off by the this morning's huge snow dump. ... more
The Federal Reserve Posts No Surprises on Rates ……
The Federal Reserve Posts No Surprises on Rates …… … but with a target Fed Funds Rate ( the rate at which The US major ... more
Bail me out…
Bail me out… All eyes will be on the FOMC meeting today at 7.15pm this evening GMT. With the rate already at 0-0.25% the focus ... more
Suddenly Global Stock Markets have gone all bullis
Suddenly Global Stock Markets have gone all bullish ….. … with strong performances from Europe, Wall Street and Japan - all for differing reasons. The ... more
The Week-Long Chinese New Year Holiday….
The Week-Long Chinese New Year Holiday…. ….plus today's Australia Day Bank Holiday heralds a very thin Far Eastern market for the next 5 days. Besides ... more
The Week so far has been a data desert …..
The Week so far has been a data desert ….. … and today looks no different with just December Retail Sales and the 4th Qtr ... more
The UK Provided most interest yesterday…
The UK Provided most interest yesterday… …. with The Minutes from January's MPC meeting, unemployment numbers and the PSNCR data ensuring that Sterling remained in ... more
The UK is REALLY getting some Bad Press Now …..
The UK is REALLY getting some Bad Press Now ….. … not only the Teenage Scribblers (remember them) but also from experts who have been ... more
Well the Good News This Morning is ….
Well the Good News This Morning is …. … that because of the Martin Luther King Day holiday yesterday, there was no US data out ... more
OK, So Let's Start with The Positive ….
OK, So Let's Start with The Positive …. … Tomorrow sees the inauguration of Barack Obama as US president which the entire planet hopes will ... more
ECB cut 0.5% as expected
ECB cut 0.5% as expected In the market, the ECB did cut rates but only by the very minimum required and the President, M. Trichet ... more
Where do we start looking for good news....
Where do we start looking for good news…… … certainly not in the Financial Press. Just as a brief résumé … EuroSat reported yesterday that ... more
The Euro Continues to be Battered ….
The Euro Continues to be Battered …. … with data from Germany hurting the currency ahead of the ECB Meeting tomorrow. The German GDP figure ... more
Continued Bad News from the Eurozone ……..
Continued Bad News from the Eurozone …….. …. but it is Sterling that took a bath yesterday and overnight. There were no data releases from ... more
No Change in Sentiment over the Weekend ….
No Change in Sentiment over the Weekend …. …. following the data on Friday. As it turned out, the US non-farm payrolls headline figure was ... more
A Very Definite Shift in Emphasis ……
A Very Definite Shift in Emphasis …… ..from the MPC in the statement that followed the announcement of a further 50 basis point cut in ... more
With A Cut by the MPC Today very much anticipated…
With A Cut by the MPC Today very much anticipated….. … and built in, we might as well turn our attention to the outlook for ... more
Yields, or Rather the Lack of Them ….
Yields, or Rather the Lack of Them …. …. are again the major contributor to press inches this morning. Everything that emerged yesterday pointed to ... more
Pressure Grows on Central Banks for Further Cuts …
Pressure Grows on Central Banks for Further Cuts ….. …. following the continued proliferation of very weak economic data. Cuts are already expected to emerge ... more
Will 2009 witness a Recession or a Full-Blown Depr
Will 2009 witness a Recession or a Full-Blown Depression ? … Judging by the press consensus leading into the start of the New Year's trading, ... more
Can Central Banks encourage interbank lending?
Can Central Banks encourage interbank lending? As the market expected the ECB tweaked deposit rates to encourage more interbank lending. The ECB cut the rate ... more
How low can you go?
How low can you go? Another day and more record lows for GBPEUR – currently at all time lows. This cross is trading in uncharted ... more
Unprecedented Lows BUT….…. where do we go from her
Unprecedented Lows BUT….…. where do we go from here? The Federal Reserve, at their meeting yesterday evening, cut the Federal Funds target rate (the rate ... more
The US Dollar has a bumpy ride ….
The US Dollar has a bumpy ride …. … following the marginally weaker than expected data yesterday afternoon and a growing anticipation of a greater ... more
Little New Data out over the Weekend …….
Little New Data out over the Weekend ……. … and so most column inches were taken up with re-hashing old news. The automotive and aviation ... more
US Auto Manufacturers Bail-Out Rejection ……
US Auto Manufacturers Bail-Out Rejection …… … looks like an absolute disaster for Stocks, Commodities and just for a change, Sterling. The Senate in the ... more
Global Economies Continue to Feel the Pinch....
Global Economies Continue to Feel the Pinch … ….. but it is Sterling that continues to bear the brunt of investor's concerns. The headline in ... more
Continued Weak Data from Euroland and UK
Continued Weak Data from Euroland and UK ……. …. but neither having a materially long-term effect on exchange rates. The market perception of lower interest ... more
BOC aggressively cut rates by 0.75%!
BOC aggressively cut rates by 0.75% to a 50 year low! The Bank Of Canada have lowered its benchmark interest rate to 1.5%- a more ... more
British retail sales fell at their sharpest annual
….British retail sales fell at their sharpest annual pace in more than three years…. …..in November, the BRC survey showed on Tuesday in a grim ... more
Are We Nearing the Trough of the Current Cycle?...
Are We Nearing the Trough of the Current Cycle?....... Only time will tell, but there are increased mutterings that data for the 4th Qtr of ... more
Market Commentary, Dec 5, 2008
After The Lord Mayor's Show it would be quicker to list the nations that haven't fiddled with their interest rates this week. We would be ... more
Will The BoE Deliver 50 Or 150 Basis Points Today?
Will The BoE Deliver 50 Or 150 Basis Points Today? …… …either way, real interest rates are headed to zero (and not only here but ... more
Loads of Data and Comment Out Yesterday ……..
Lots of Data and Comment Out Yesterday …….. and it was all bad !!! Where do we start? Well, following the recent positive trend in ... more
Interest Rate Cuts this Week ….
Interest Rate Cuts this Week …. … will follow the recent dramatic easing in inflationary pressures that have been seen over the past fortnight. We ... more
A Very Typical Thanksgiving Day Holiday
A Very Typical Thanksgiving Day Holiday ….. … in terms of volumes and liquidity left us trading very tight ranges yesterday and with tradition dictating ... more
Thanksgiving Day Holiday in the US
Thanksgiving Day Holiday in the US …… ….. will leave the markets desperately thin this afternoon with complete closure of their fixed interest and equity ... more
Global Inflation Continues to Spiral Lower
Global Inflation Continues to Spiral Lower…. … provoking further Central Bank monetary easing, next week. Data scheduled to be released today/tomorrow from the German states ... more
Well, I Don't Feel Any Better Off …..
Well, I Don't Feel Any Better Off ….. The Chancellor duly delivered his pre-Budget Statement to an enthralled world and largely produced what had been ... more
Fiscal Stimulus starts here ……..
Fiscal Stimulus starts here …….. For those of you who have been away on a desert island for the past few weeks, today sees the ... more
The Lull before Next Week's Storm ……. Perhaps ?
The Lull before Next Week's Storm ……. Perhaps ? The reaction to the combination of yesterday's UK data and US rate moves was baffling to ... more
MPC Sees The Need for Further Cuts
MPC Sees The Need for Further Cuts ….. The minutes from this month's Monetary Policy Committee meeting revealed that the MPC recognised the need for ... more
Inflation Data indicates significant Global Fall i
Inflation Data indicates significant Global Fall in Prices… The UK Office for National Statistics yesterday reported that the headline inflation rate had its biggest 1-month ... more
A Better Day for Sterling …..
A Better Day for Sterling ….. On the back of very little, Sterling bounced quite sharply against both Dollar and Euro yesterday and retained most ... more
G20 Fail to satisfy markets on Immediate Measures
G20 Fail to satisfy markets on Immediate Measures …. The results from the G20 meeting are at first sight disappointing. Barack Obama didn't show, there ... more
A Market Defining Weekend
A Market Defining Weekend…… I am not sure if its just wishful thinking but opinion appears to be growing that some sort of fledgling agreement ... more
How low can you Go?
How low can you go? …… Strolling towards Lower Thames Street yesterday evening, the Evening Standard ‘sales placards' were shouting – "Interest rates To Go ... more
Surging Unemployment in the UK… A precursor for wo
Surging Unemployment in the UK… A precursor for worse to come? Headlines, reading that 4,000 UK jobs were lost yesterday, have produced a raft of ... more
Stocks suffer as a combination of weak economic an
Stocks suffer as a combination of weak economic and corporate news reinforced fears of a prolonged global recession… Where to start; news from China showed ... more
As per the Labour Party slogan in the 2001 electio
As per the Labour Party slogan in the 2001 election …. " A lot Done. A lot more to do" .. (courtesy of the Times). ... more
How Much .... ?
How Much .... ? I have sat through various BoE / MPC meeting/announcements when the Central Bank have surprised the market – far more frequently ... more
Anything Is Possible I Suppose ……
Anything Is Possible I Suppose …… ......but I am still of the opinion that the MPC will cut by 50bp today with a dovish set ... more
Well That's The Easy Bit Done……..
Well That's The Easy Bit Done…….. As had been well anticipated, Senator McCain conceded the Presidential contest to Senator Obama early this morning. In the ... more
US Election Day …..
US Election Day ….. The real problem for the US and hence the global economy is that as well as electing a new President, the ... more
and November was traditionally the month for Firew
…and November was traditionally the month for Fireworks. October proved to be nothing less than phenomenal with regards to volatility, both in the Foreign Exchange ... more
Figures confirm US heading towards recession…
Figures confirm US heading towards recession… Preliminary GDP data released yesterday showed that the US economy contracted 0.3% in the third quarter, its sharpest decline ... more
The Fed delivers…
The Fed delivers… No surprises as the Fed cut interest rates by 50 basis points to 1%. They were joined yesterday by the Chinese and ... more
A much better day for equity markets all round as
A much better day for equity markets all round as bargain hunters take stock… The dollar and the yen both fell back as shares made ... more
Risk aversion prevails with less volatility...
Risk aversion prevails with less volatility... Safe haven flows driven by risk aversion again boosted the dollar and yen yesterday but market activity was less ... more
Another volatile week beckons…
Another volatile week beckons… Sterling fell sharply on Friday, hitting a new record low against the euro and a six-year low against the dollar as ... more
How Low Can You Go ……
How Low Can You Go …… Every few minutes this morning we are hitting new lows in Cable, Euro/$ and all crosses Yen related as ... more
A Brief Respite for Sterling Overnight …..
A Brief Respite for Sterling Overnight ….. We open this morning with Sterling looking almost sprightly following a couple of failed attempts overnight to force ... more
Nice One Mervyn ……
Nice One Mervyn …… … And there was Sterling looking a little smug against the background of the stronger Dollar. Mr King's speech to an ... more
Bernanke Comments give Markets Hope …
Bernanke comments give the markets hope … Yesterday's fairly restrained market was kick-started into life in the afternoon by comments from the Federal Reserve Chief, ... more
As we start the last week of Summertime ....
As we start the last week of Summertime .... We begin the Financial Markets week in the same vein as we spent most of the ... more
Emerging Markets close to crisis
Emerging Markets close to crisis With increasing fears of a sustained Global recession developing, we saw European indices close sharply lower yesterday, with the FTSE ... more
Stock markets remain main point of focus
Stock markets remain main point of focus Following the minor euphoria from the Joint activities last week, Stock markets again seem to be the main ... more
The road to recovery
The road to recovery The US Treasury announced yesterday that it will spend at least $250 bn on preferred equity from major financial institutions. The ... more
Equity markets supports Central banks
Equity Markets support Central Banks UK and European moves to restore confidence in financial markets were met with strong approval by markets yesterday as the ... more
Central banks unite to save the markets
Central banks unite to save the markets Friday capped a week of losses on global equity markets with the FTSE shedding nearly 9% while the ... more
Global Equity meltdown
Global Equity Meltdown Last night equities tumbled, with significant falls in US and Asian markets. American stocks shed nearly $900bn in market value with the ... more
Global rate cut- will it help?
Global rate cut- will it help? As predicted the central banks announced a dramatic global interest rate cut as the BoE, ECB, Fed, central banks ... more
Market confidence falls further
Market confidence falls further Gordon Brown took the momentous decision to invest about £50bn into the financial system in order to restore confidence in the ... more
Stocks plummet as global turmoil continues
Stocks plummet as global turmoil continues There was further turmoil in the global stock markets yesterday, as stocks plummeted to their lowest levels as the ... more
Sentiment is mixed as volatility prevails
Sentiment is Mixed as Volatility Prevails There was mixed sentiment in the markets on Friday as the House of Representatives voted 263-171 in favour of ... more
Uncertainty and weak data weigh on markets
Uncertainty and weak data weigh on markets Another day of uncertainty surrounding the US government's $700 billion financial rescue plan coupled with the worsening global ... more
Jitters continue as House vote looms
Jitters continue as House vote looms As expected, approval was obtained from the US Senate last night for Treasury Secretary Henry Paulson to push ahead ... more
Bush applying pressure on Congress
Bush applying pressure on Congress In the latest development on the US Treasury's $700 billion bail out, it appeared yesterday that the Bush administration is ... more
Equities tumble as Congress rejects plan
Equities tumble as Congress rejects plan Yesterday saw government intervention across the globe on an unprecedented scale. Fortis, Bradford & Bingley, Wachovia, Glitnir and Germany's ... more
Bradford & Bingley nationalised as banking crisis
Bradford & Bingley nationalised as banking crisis deepens Another turbulent week has seen further intervention from governments in the US, UK and Europe in an ... more
A week of wrangling over Fed bailout
A week of wrangling over Fed bailout This mornings financial news is again dominated by the ‘on again / off again' US Treasury bailout. Despite ... more
Debate escalates on Fed bailout plan
Debate escalates on Fed bailout plan Another day of falling crude oil prices and the morale boost investors experienced on reports of Warren Buffet's $5bn ... more
Focus on Congress for vote on bailout
Focus on Congress for vote on bailout The focus remains on the uncertainty surrounding the U.S. bailout package and the details of how exactly the ... more
Concern rises over Fed bailout
Concern rises over Fed bailout Friday's dollar rally was replaced by yesterday's sell-off as jitters about the US government's $700bn bailout plan for the financial ... more
Investors weigh up the Feds rescue package.
Investors weigh up the Feds rescue package. Friday saw initial gains made by the dollar slip away as investors weighed up the effects of the ... more
Central banks unite to increase liquidity
Central banks unite to increase liquidity The central banks announced in a joint statement yesterday that they will pump an additional $247bn into the financial ... more
Government to assist Lloyds takeover of HBOS.
Government to assist Lloyds takeover of HBOS. Lloyds TSB last night sealed a £12.2bn takeover over HBOS, the UK's largest mortgage lender. The government, who ... more
Who will be next-AIG?
Who will be next-AIG? Wall Street saw another destructive day yesterday with another rescue attempt – this time for AIG. It appears the last few ... more
Where to start?
Where to start? The negative sentiment in the US financial markets carried on last night and this morning in Asian trade. The latest focus for ... more
Stocks tumble as Lehman falls
Stocks tumble as Lehman falls Stocks in Europe and Asia have tumbled, while the U.S. futures and the dollar slumped as credit market turmoil pushed ... more
Risk aversion prevails
Risk aversion prevails Financial markets had another volatile day yesterday as risk aversion increased amid ongoing concerns about the state of the global economy. Worries ... more
Global slowdown- more rate cuts to follow?
Global slowdown- more rate cuts to follow? The concern of a global economic slowdown last night prompted New Zealand's central bank to slash rates by ... more
USD uncertainty
USD uncertainty Markets after having time to digest the US Treasuries decision to rescue the Government Sponsored Enterprises (GSE'S) reversed gains from earlier in the ... more
The market digests Freddie & Fannie plans
The market digests Freddie & Fannie plans Freddie Mac and Fannie Mae remained firmly in the spotlight throughout yesterday's trading. Initially, the decision of government ... more
Freddie, Fannie and Ike send the US Dollar lower
Freddie, Fannie and Ike send the US Dollar lower Not the latest chart topping sensation but moreover recent drivers that may see the US dollar ... more
Euro/USD heading towards 1.40.
Euro/USD heading towards 1.40... There is at present a worrying divergence away from near term fundamentals and the strength of the US Dollar. It would ... more
All eyes on interest rate decisions
All eyes on interest rate decisions The Market's love affair with the US currency cooled somewhat yesterday afternoon after starting the day in much the ... more
Oil Producers feel the pinch
Oil Producers feel the pinch …… It didn't take long for the more radical OPEC producers to start squealing that a production cut was needed ... more
Market Commentary, Sep 2, 2008
Gustav runs out of puff …… Hurricane Gustav was downgraded in terms of severity last night as it continued its move across the Gulf of ... more
Darlings comments hit the pound.
Darlings comments hit the pound... Today the pound fell to its lowest point against the USD in the last two years an all time low ... more
Market Commentary, Aug 29, 2008
Weak housing data dents the pound... Locally yesterday we saw 10% wiped off the price of homes, as house prices continue to plummet at their ... more
Market Commentary, Aug 28, 2008
Hawkish ECB comments In comments yesterday from the ECB, Webber from the governing council sounded out a hawkish tone, stating that much-discussed rate cuts in ... more
Market Commentary, Aug 27, 2008
Central Banks feel the pinch of inflation The start to a short week saw currency markets yesterday take direction from the doom & gloom released ... more
Market Commentary, Aug 26, 2008
Weak IFO expected.... The Euro fell for a third day against the dollar on speculation the IFO Business Climate report will show today that confidence ... more
Market Commentary, Aug 22, 2008
Dollar rally stalls... The dollar came off recent near term highs on the back of oil's jump to a 2-week high. The higher oil price ... more
Market Commentary, Aug 21, 2008
BoE minutes as expected...retail sales to follow. Yesterday, the BoE minutes confirmed what the market had been expecting with a 7-1-1 split, the majority sticking ... more
Market Commentary, Aug 20, 2008
BoE minutes is the focus today... We'll start with news from the US housing sector with government figures reporting the annual pace of Housing Starts ... more
Market Commentary, 19 Aug, 2008
The focus turns to tomorrows UK data... The week began with relatively little data but what was released was typically downbeat. In the states we ... more
Market Commentary, Aug 18, 2008
USD maintains strength.... USD strength continued on Friday, helped by a rise in the University of Michigan US Consumer Confidence survey. The index improved for ... more
Market Commentary, Aug 15, 2008
Dollar rally continues Data released yesterday showed the Eurozone was moving closer to a recession after the economy contracted for the first time since the ... more
Market Commentary, Aug 14, 2008
Pound slumps following inflation report The Bank of England released its quarterly inflation report yesterday giving the bleakest assessment of the UK economy for over ... more
Market Commentary, Aug 13, 2008
The hawks eye the BoE's quarterly inflation report In the UK, the short end of the gilt market shrugged off anther set of poor inflation ... more
Market Commentary, Aug 12, 2008
Dollar strength prevails.... In overnight trading, the RICS House Price Balance from the UK declined less than expected in July, printing at -83.9% versus -90.0%. ... more
Market Commentary, Aug 11, 2008
Where do we go from here? The US Dollar broke technical levels and records last week posting the largest single day decline in Eurodollar in ... more
Market Commentary, Aug 8, 2008
Dollar gathers momentum... The Bank of England deliverd as expected yesterday; the base interest rate was left on hold at 5.00%. In two weeks time ... more
Market Commentary, Aug 7, 2008
Hold onto your seats – it's D-Day for interest rate announcements. First up is the Bank of England at 12 noon. How will the nine ... more
Market Commentary, Aug 6, 2008
Fed unchanged as expected... The U.S. Federal Reserve left the Fed Funds rate unchanged at 2% as widely expected and caused little impact to the ... more
Market Commentary, Aug 5, 2008
Dollar rallies ahead of FOMC meeting This evening's FOMC may be one of the least interesting meetings we have seen in a while. The Fed ... more
Market Commentary, Aug 4, 2008
Interest rate announcements the focus for week ahead. On Friday, a sharper than expected decline in German retail sales and the UK's manufacturing PMI were ... more
Market Commentary, Aug 1, 2008
All eyes on US Non farm payrolls today Gloomy new housing data released by the Nationwide Building Society yesterday reporting its ninth consecutive monthly fall. ... more
Market Commentary, Jul 31, 2008
The central banks are working together The dollar was given a boast by the US ADP employment change reporting 9000 jobs were added to the ... more
Market Commentary, Jul 30, 2008
The dollar brings some confidence back into the market After the release of the Confederation of British industry retail data yesterday sterling immediately weakened against ... more
Market Commentary, Jul 29, 2008
The outlook for the markets remains unsettled The Euro strengthened against the dollar yesterday despite poor economic data released in the eurozone. As reported yesterday ... more
Market Commentary, Jul 28, 2008
All eyes on the UK housing market…. After extremely poor retail sales last week further data released from the Office for National Statistics highlights the ... more
Market Commentary, Jul 25, 2008
Up and down like a yo-yo, but more down than up. Sterling's rise following the split MPC vote on Wednesday was short lived as UK ... more
Market Commentary, Jul 24, 2008
A three way split decision by the MPC gives sterling a boost… The pound was pushed to a three week high verses the Euro following ... more
Market Commentary, Jul 23, 2008
The Dollar rallied sharply yesterday on hawkish comments from Paulson and Plosser… With little in the way of economic data yesterday comments from Treasury Secretary ... more
Market Commentary, Jul 22, 2008
Sterling remains under pressure but manages to advance against a weaker Dollar… The pound gained no rest bite yesterday as more bad news on the ... more
Market Commentary, Jul 21, 2008
Sterling starts the week on the back foot… The pound was in decline on Friday following a report in the FT that the UK Treasury ... more
Market Commentary, Jul 18, 2008
To grow or not to grow? Oil came off further yesterday at one point below $130 a barrel. Rather than being a reduction in demand ... more
Market Commentary, Jul 17, 2008
A hint of a recovery in the US The main focus yesterday was on the US and we saw some sign of recovery. Stocks rebounded ... more
Market Commentary, Jul 16, 2008
Dollar weakness prevails The value of oil came off yesterday, at one point down by $10 a barrel after concerns were again expressed about the ... more
Market Commentary, Jul 15, 2008
Another day another Dollar…just weaker than yesterday! Mr Bernanke will be talking today at his semi-annual monetary policy testimony before the Senate Banking Committee. He ... more
Market Commentary, Jul 14, 2008
More mortgage woes for the US It looks like another wave of doom and gloom over in the States as the news that one of ... more
Market Commentary, Jul 11, 2008
MPC hold rates as expected... This has been a very quiet week on exchange rates with the lack of stimulus causing little movement. There have ... more
Market Commentary, Jul 10, 2008
MPC meeting takes focus Little move again on exchange rates overnight, with EUR/USD continuing to be supported on the down side. It looks likely that ... more
Market Commentary, Jul 09, 2008
Retailers feel the pinch Once again, very little move in exchange rates overnight the only real point of note is the slightly firmer US Dollar ... more
Market Commentary, Jul 08, 2008
Negativity continues for sterling We have seen very little move in rates overnight with the Far East happy to leave things approximately as they found ... more
Market Commentary, Jul 07, 2008
Attention turns to MPC meeting Following on from last weeks meeting of the ECB when Euro rates were raised by 25bp, the MPC are due ... more
Market Commentary, July 04, 2008
No surprises on Thursday. Following the much hyped 25bps rate increase from the ECB yesterday, it seems Monsieur Trichet may have disappointed Euro bulls in ... more
Market Commentary July 03, 2008
All eyes turn to the interest rate announcements With a raft of data and announcements due out today and the shortened week for the US, ... more
Market Commentary July 02, 2008
One Step Forward, Two Steps Back … The various Markets started down the road that is the second half of the year with some optimism ... more
Market Commentary 01 July 08
Does CPI at 4% Guarantee an ECB Hike on Thursday. Yesterdays Euro zone inflation jumped to a record high of 4.0 percent in June, data ... more
Market Commentary 30/06/08
All Eyes on Europe. This week the main focus of attention will be data released from Europe. The ECB has a rate decision on Thursday ... more
AU6/3
AUD OPENS HIGHER Good Morning, The AUD opens higher this morning, back over 93 cents, after trading yesterday around the mid 92 cent levels. Record ... more
Market Commentary 27/06/08
King Warns Against Silly Over-Reaction During his testimony to the Treasury Select Committee on Thursday, the Bank of England's Governor Mervyn King guranteed that the ... more
An Apology from Currencies Direct
Dear Valued Customer, Today a subscribed communication was sent to you by mistake. It was an error that occurred when we tested a part of ... more
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COMMENTARY TITLE GOES HERE Paragraph 1 Paragraph 2 Paragraph 3 Paragraph 4 The contents of this report are for information purposes only. It is not ... more
3rd jan
How slow is slow UK PMI Manufacturing numbers released yesterday showed activity easing in December and coming in below forecast. New orders were significantly down ... more
January 2, replacement
Happy Holidays On behalf of the Currencies Direct team we'd like to wish you and yours a happy holidays. Our market analysis newsletter and commentary ... more
UK - December 20th, 2007
Test commentary with Vince Testing testin testing After last week's injection of funds by the world's leading money authorities, the ECB last night displayed its ... more
UK - December 20th, 2007
Peruvian Nuevo Sol with TLC vs Euro Mervyn King is set today to face an inquisition at the Commons Treasury Committee regarding his treatment of ... more
UK - Friday, 4th Jan 2008
GBP hits record low vs EUR Yesterday Sterling hit record lows vs the EUR. Investors are expecting more rate cuts from the Bank of England ... more
karlos
51 Moorgate – London EC2R 6BH – United Kingdom T: +44 (0) 20 7847 9400 (general enquiries) T: +44 (0) 20 7847 9415 (payment enquiries) ... more
Market Commentary December 18th, 2007
Euro Resurgence Continues Mervyn King is set today to face an inquisition at the Commons Treasury Committee regarding his treatment of the Northern Rock debacle ... more
Test email
Market Commentary body { margin: 0px; padding: 0px; color: #606060; font-family: Arial, Helvetica, sans-serif; } h1 { display: none; } h2 { color: #ff7300; font-size: ... more
test chris
hi this is a tes campigan ... more
23 July 2007 Daily Market Commentary
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20 July 2007 Daily Market Commentary
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19 July 2007 Daily Market Commentary
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18 July 2007 Daily Market Commentary
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17 July 2007 Daily Market Commentary
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16 July 2007 Daily Market Commentary
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13 July 2007 Daily Market Commentary
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12 July Daily Market Commentary
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11 July 2007 Daily Market Commentary
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10 July 2007 Daily Market Commentary
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currencies direct
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3 July 2007 Daily Market Commentary
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2 July 2007 Daily Market Commentary
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29 June 2007 Daily Market Commentary
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28 June 2007 Daily Market Commentary
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27 June 2007 Daily Market Commentary
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26 June 2007 Daily Market Commentary
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25 June 2007 Daily Market Commentary
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22 June 2007 Daily Market Commentary
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21 June 2007 Daily Market Commentary
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20 June 2007 Daily Market Commentary
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19 June Daily Market Commentary
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18th June Daily Market Commentary
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Daily Commentary 15th June 2007
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Daily Commentary 14th June 2007
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Daily Commentary 13th June 2007
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Daily Commentary 12th June 2007
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Daily Commentary 8th June
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Daily Commentary 7th June 2007
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Daily Market Commentary 6th June 2007
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Daily Commentary 5th June 2007
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Daily Commentary 4th June 2007
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Daily Commentary 1st June 2007
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Daily Commentary 31st May
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Daily Commentary 30th May
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Daily Commentary 29th May 2007
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Daily Commentary 5th May 2007
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Daily Commentary 24th May 2007
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Daily Market Commentary 23rd May 2007
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Daily Commentary 22nd May
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Daily Commentary 21st May
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Daily Commentary 17th May 2007
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Daily Commentary 16th May 2007
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Daily Commentary 15th May 2007
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Daily Commentary 14th May 2007
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Daily Commentary 11th May 2007
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Daily Market Commentary 10th May
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Daily Market Commentary 09th May
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Daily Commentary 8th May 2007
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Daily Commentary 4th May
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Daily Commentary 3rd May 2007
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Daily Commentary 2nd May
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Daily Commentary 1st May 2007
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Daily Commentary 30th April
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Daily Commentary 27th April 2007
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Daily Market Commentary 26th April
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Daily Commentary 25th April 2007
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Daily Commentary 24th April 2007
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Daily Commentary 23rd April 2007
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Daily Commentary 20th April
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Daily Commentary 19th April
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Daily Commentary 18th April 2007
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Daily Commentary 17th April
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Daily Commentary 16th April
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Daily Commentary 13th April 2007
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Daily Commentary 12th April
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Daily Commentary 11th April
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Daily Commentary 10th April
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Daily Commentary 4th April
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Daily Commentary 3rd April 2007
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Daily Commentary 30th March
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Daily Commentary 29th March
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Daily Commentary 27th March
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Daily Commentary 26th March 2006
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Daily Commentary 22nd March
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Daily Commentary 21st March
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Daily Commentary 20th March
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Daily Commentary 19th March
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test us campaign
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Daily Commentary 16th March
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