Australian Dollar outlook improves as Westpac drops rates cut call

Hi All, Australian Dollar outlook improves as Westpac drops rates cut call. The Australian Dollar outlook is finely balanced at the moment but the need for the RBA to not cut rates further will help its cause. The Pounds to Australian dollar rate is currently 1.8300 and Euros to Australian Dollars still around the 1.5500. …

South African Rand and Turkish Lira

South African Rand and Turkish Lira are the two currencies that no one wants to own! Both currencies over the last year have fallen in value by a third – and thew outlook in both currencies is for further falls. According to UBS AG the Turkish Lira is still 12% overvalued and the South African …

Russian stocks rally after Crimea polls back Ukraine split however currency markets take a dip!

Russian stocks rally after Crimea polls back Ukraine split however currency markets take a dip! US Dollar exchange rate Two events on Wednesday will dominate market thinking this week – firstly we have the March meeting of the US Federal reserve Open Markets Committee and, in the UK, the annual Budget presentation. Following February’s labour …

Pounds to euro exchange rate has a buy week ahead

The pound to euros exchange rate has a busy week and the uk budget will set the tone for further gains or a complete sell off. personally there is a lot to like about the pound at the moment as the uk house market continues to improve and the economy starts to pick up steam. …

Euro exchange rate advances as forex traders buy euros again

Euro exchange rate advances as forex traders buy euros again. the euro rate benefited from china buy euros and selling us dollars as they diversify out of the greenback. Russia has also been in the markets selling US dollar assets as sanctions from the Ukraine conflict esculates and the possibility of sanctions from the west. …

Buying Euros – they may get cheaper

Good morning, A sharp rise in the euro exchange rate this week has increased the pressure on the European Central Bank president, who faces the challenge of pulling the eurozone out of potentially dangerous phase of extremely low inflation. The more the currency strengthens, the greater the downward pressure on prices. The euro’s relentless rise …

Euros relentless rise confuses traders! but who will blink first? Super Mario or currency traders.

  US Dollar Exchange Rate Good news for the US economy as yesterdays Retails Sales increase for the first time in 3 months. Claims benefits dropped and consumer confidence has improved. The US dollar strengthened 100 points against both sterling and euro exchange rate. Pound Exchange Rate Today’s domestic calendar will be dominated by the …

Forex traders finally sell euros

Forex traders took the queue from super Mario to sell euros today as their leader abandoned them. Super Mario is been jawboning (talking for you not in the markets slag) the euro exchange rate down this afternoon as he appears in willing to allow the currency to go above 1.4000 which technically will push it …