US Dollar set for its biggest weekly advance in two months versus all major currencies after it was announced borrowing costs could start to rise.

US Dollar set for its biggest weekly advance in two months versus all major currencies after it was announced borrowing costs could start to rise. US Dollar Exchange Rate The US dollar goes from strength to strength following Wednesday evenings Fed announcement. The dollar reached a two month high against the euro and has gained […]

pound exchange rate struggles against the Euro

Pound slightly higher following yesterday’s Budget on UK Growth but US Dollar was the big mover on a day that promised so much more for the pound. Good morning, The pound, the best performing currency in the past year, strengthened after the Bank of England said further gains are possible as Britain’s economy expands amid […]

Bank of England talks up the pound exchange rate

Bank of England talks up the pound exchange rate Though the FOMC decision has received the bulk of the global foreign exchange markets yesterday, but the UK was brimming with event risk and news of its own. February’s labour data kicked off the day. The 34,600 filing drop in jobless claims was much larger than […]

FOMC Meeting – not what was expected

TYhe FOMC meeting last night was a great success for the US Dollar exchange rate and horrible for everything else! The US dollar rate rallied the most in six months after Yellen suggested that the US will taper the asset buying program and that interest rates will have to rise in the coming months. “sufficient […]

Us Dollar Outlook improves against the Euro Exchange Rate

Us Dollar Outlook improves against the Euro Exchange Rate for the first time in four days as bets are placed that the US Dollar printing program (Quantitative Easing) will come to a end at today’s FOMC meeting. The FOMC meeting will give a lot of direction for other exchange rates as well as the Euro […]

Surprise – Foreign Exchange Traders buy pounds

A Big Big Day today for the UK. We have unemployment figures followed by by the MPC minutes due at 9.30am. Later this afternoon Osbourne and the 2014 Budget!! Good morning, Domestically today’s focus is on the 2014 Budget due at 12.30pm. This is the last budget that can meaningfully impact the economy ahead of […]

Foreign exchange traders buy euros even with bad data

Foreign exchange traders buy euros even with bad data. Today the German economic expectations worsened in March 2014 as the ZEW Indicator of Economic Sentiment fell for the fourth consecutive month to 46.6 (52 consensus and 55.7 in February). But Foreign Exchange Traders ignored this and started buying euros again with reckless abandon. Why do […]

Dont mention the euro exchange rate

US Dollar exchange rate For the US Dollar the CPI for February is released. The annual headline rate has been down this year and markets do expect this pattern to continue. Today in the UK there is no real data once again. Tomorrow sees a release of key data for the UK. Pound Exchange Rate […]

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 […]