Euro Dollar sits at a near two and a half year low

Euro Dollar sits at a near two and a half year low! Good morning, What has been an eventful year for the Pound the festive period is very quiet in terms of economic data all-round therefore movement wise may be limited. The Pound exchange rates has been steady against the Euro and sits above 1.27. …

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 …

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 …

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 …

Foreign exchange traders buy Australian Dollar exchange rate up on good news

Hi All, Foreign Exchange Traders were buying Australian Dollars today after much better than expected Jobs numbers. The jobs numbers caught forex traders by surprise (including myself) after rising 3 times more than expected and as a result the Australian Dollar to US dollar is now expected to head back above 0.9100 in the coming …

Pounds to US dollars exchange rate getting creamed

The US employment data on Friday was slightly stronger than expected, with the small rise in the unemployment rate slightly offsetting the larger than expected rise in employment. This lead to the Pounds to US dollars exchange rate getting creamed and ending the week 150 points lower From a bigger picture perspective, it seems likely …

Why do FX traders continue to Buy Euros

Well A chart is worth a thousand words – sums up the Euro exchange rate against the pound this week. Argh the ECB cant see the word from the trees and Draghi preformed the Emperors New Clothes performance of a lifetime to convince the FOREX market to buy Euros despite countless evidence to do the …

Pounds to Euro is battered

The Pounds to Euros exchange rates today got a battering after looking at heading above 1.2200 than the release of the BOE interest rate announcement followed by the ECB and delusional Super Mario Draghi talked the Euro up despite worsening fundamentals. But not to leave the day on a low the pounds to us dollar …

Bank of England do nothing and sit and watch

Bank of England do nothing and sit and watch at today’s interest rate meeting and take the view they don’t want to harm the humble recovery despite the recent rise in House Prices. Whilst this is good for those with a mortgage, if you are looking to buy euros the BOE has not done us …

Us Dollar exchange rates

For today, the employment component of the non-manufacturing ISM survey and the ADP employment report will be closely watched. We would expect market reaction to be binary, with a stronger out turn in both likely to suggest upside risks for payrolls. However, in such scenario we think US Dollar exchange rate upside may be limited …