Teresa May gives the pound some certainty

UK News Finally there is some signs up good news for the pound as Theresa May looks as if she is going to be the new Prime Minister in the UK. With this said, the pound has rallied acorss the board over night against both the euro and the US Dollar. Today’s releases come with […]

Sterling turns into sinking ship…

US News Signs of support for safe-havens continued last night, including things like Japanese Yen and Gold. Initial Jobless Claims are scheduled for this afternoon, this will give us a rough idea of what to expect in tomorrow’s more significant non-farm payrolls. UK News UK Industrial and Manufacturing production are both set to decline in […]

Dooms day turning into dooms week for the pound… Can it get much worse?

US News The US joins the game again today with the ISM Non-Manufacturing figures. We do expect to see a small increase from 52.9 to 53.3and after the dollar hits its highest point against the pound since 1985, any positive key releases ill surly drive it further. Friday’s Non-farm payrolls in the US will be […]

ECB Buying Euros

ECB Buying Euros Good morning, Having seen a near 100 point movement over the last few days, the Pounds to Euros exchange rate seems to be hovering around 1.2750 A relatively busy day for the Euro rate today, possibly seeing the Euro strengthen for a brief period until the main UK data comes out this […]

figures are Euro positive and an indication for euro growth

Good Morning Domestically today we have the construction output figures for the UK. After four consecutive quarters of growth, the recovery in the UK construction stalled in Q2. Markets still appear to be unsure as to why this happened but are predicting output to be up 0.6%, signalling a strong start to Q3. An interesting […]

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 […]

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 […]

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 […]

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 […]

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 […]