Super Mario’s options are limited to help the Euro Zone

Super Mario’s options are limited to help the Euro Zone US Dollar exchange rates Like the pound it is that last working day of the summer and we expect very little movement. Russia may dictate the direction for the dollar as the Ukrainian conflict flares up again and if JP Morgan can prove it was […]

Super Mario Saves the Day

Good Morning The US Dollar exchange rates did very little yesterday after hitting a low of 1.3190 breaching the 1.3200 level. We aren’t expecting much movement today in the dollar as the news from the Euro area is expected to dominate the headlines. The GBP exchange rate is again a little firmer against the euro […]

Why do FX Traders Buy Euros – Long live Teflon Euro

Good morning, The US Dollar is still the favourite of the day and tonight Yellen’s speech in Jackson Hole should do little to suggest this wont continue at least in the short term. There is very little news today in the way of economic releases so we expect a very quiet day especially in the […]

Forex Traders Buying Euros – but for how long

US Dollar exchange rate The US dollar has started this month strongly and the FOMC minutes supported this notion.  Comments from the FOMC support the idea that the US will have to hike interest rates shortly – but in the current climate shortly can be a while! Whilst news supports the idea that Europe is […]

Forex traders sell euros buy pounds after Bank of England minutes

Good morning, The pound strengthened against the euro as investors await the publication of the minutes of the Bank of England’s August policy meeting for signs of whether policy makers are moving closer to raising interest rates. The market has been speculating that there could be one or even two votes in favor of a […]

pound strengthened against the euro exchange rate

Big Day for both the UK and US with the minutes released for the UK at 9.30am and 7pm (GMT) respectively. US Dollar exchange rate In the US later this afternoon we have the FOMC minutes. The dollar yesterday pushed to a four month high against the pound and a nine month high against buying […]

Pound drops to Four Month low versus the dollar and euro as Inflation slows

Pound drops to Four Month low versus the dollar as Inflation slows US Dollar exchange rate Later this afternoon we also have the US inflation number for July. This is forecast to ease to 2 percent from 2.1 percent in June. While the CPI is not the Feds preferred inflation measure it is closely watched. […]

Bank of England trigger euro pound buying

Good morning, Bank of England trigger euro pound buying UK inflation has fallen more than economists forecast in July, giving the Bank of England room to keep its key interest rate at a record low. The rate of price growth fell from 1.6 percent from 1.9 percent in June. Markets had expected the inflation rate […]