US Retail Sales will be key today as the US economy continues its upwards momentum. US Dollar exchange rate In the US today the August retail sales data will give the latest reading on the strength of the US economy in Q3. While most US data has surprised on the upside, July retail sales were …
Monthly archives: September 2014
pound fell to its lowest level yesterday against the euro
Good Morning What a difference a day can make! The pound fell to its lowest level yesterday falling below the 1.2400 mark. It then pushed up to 1.25 before moving up to 1.2550 overnight. This happened after an opinion poll showed fading support for Scotland’s bid for independence from the UK. Sterling climbed versus all …
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Pound Rallies following latest results from an independent poll on Scottish referendum
Pound Rallies following latest results from an independent poll on Scottish referendum Buying US Dollar Exchange Rates In the US, initial jobless claims for the week ending August 6th are expected to show a decline to 295k from 302k previously. Today’s claims data will be looked at for signs that’s last weeks weaker than expected …
Scottish Referendum kills pound exchange rates
Dollar continues to strengthen against both the Euro and GBP. US Dollar exchange rate The dollar strengthened against its higher yielding peers as a measure of currency market volatility reached its strongest level since February. The greenback reached an almost six year high versus the yen on speculation US employment data tomorrow will back the …
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Sterling continues to fall at a faster pace as speculation a Scottish split would hit UK growth
Good Morning Again we see the Great British Pound taking a hammering on what is a very quiet day for data releases. Attention today will be focussed on the appearance of Bank of England Governor Carney before the Treasury Select Committee, along with MPC members David Miles, Nemat Shafique and Martin Weale. The meeting takes …
US Dollar Strengthens
Good Morning UK industrial production rose more than economists forecast in July, indicating momentum in the recovery was sustained into the start of the third quarter. Output increased 0.5 percent from June, the most in five months. Bank of England Governor Carneys speech at a TUC conference in Liverpool will attract some interest, in particular, …
Dollar continues to strengthen against both the Euro and Pound
Dollar continues to strengthen against both the Euro and Pound. US Dollar exchange rates Today is a relatively quiet day elsewhere, the focus in the US will be on the August NFIB small business optimism survey and the JOLTS job openings release for July. Both are expected to show improvements for the month. The dollar …
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Poor Super Mario – the Euro is dead
US Dollar exchange rate 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 hacked by the Russian Government it may become twitchy bum …
Pound holds it ground as Scottish referendum dominates the news
US Dollar Exchange Rate As I said yesterday the US dollar didn’t do much as it awaits today’s ECB meeting and tomorrows Non Farm Payrolls numbers. The foreign exchange market has positioned itself for stronger numbers – so any disappointment or even an “as expected” result may result a weaker US Dollar. Pound Exchange Rate …
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The ECB slams the Euro Exchange rate
Good Afternoon, What a difference an afternoon can make! At Lunch time today the Bank of England announced no change to its current Interest Rate Policy and QE – it will be interesting to see what the minutes will say in two weeks time. Than came the ECB, who announced a CUT in EURO INTEREST …