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 […]

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 […]

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 […]

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 […]

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 […]

Euro Exchange Rate Stronger after German IFO

US Dollar exchange rate In the US, March durable goods orders report will provide some further insight into the prospects for Q1 GDP. Tomorrow in the US we have PMI and Michigan University consumer sentiment report. GBP Exchange Rate The pound dropped a little yesterday against both the euro and US Dollar following the mornings […]

Pound Gains a Fourth Day as Retail Sales figures rise more than forecast

Pound Gains a Fourth Day as Retail Sales figures rise more than forecast US Dollar exchange rate Today’s US GDP release is the third estimate for Q4 and so is likely to be seen as old news. The weekly initial unemployment claims data will also be watched closely for further indications of the strength of […]

Euro rate to fall if ECB approves Quantitative Easing

Euro rate to fall if European Central Bank approves Quantitative Easing Last night Germany’s Bundesbank came out for the first time and acknowledged that Quantitative Easing is not off the table and also mentioned negative interest rates. This is a massive change as the Euro exchange rate has been climbing as foreign exchange traders continue […]

Foreign Exchange Traders Buy Euro Pounds

Sterling pushes higher following CPI figures as Euro weakens on economic concern US Dollar Exchange Rate Today we have presentations by St Louis Fed President Bullard this morning and tomorrow will be of interest, as markets try and put further context to last weeks comments from Fed Chairwoman Yellen. Yellen indicated that a hike in […]