Posts Tagged ‘ pound ’

Cable Hits 5 Month High as Risk Rally Rolls On

Risk trade continued to be supported in Asian and early European trade today with both euro and pound making fresh highs, but Aussie was felled by softer inflation data and tumbled below .9000 as expectations of additional RBA rate hikes during the summer evaporated. The euro rose to a high of 1.3043, boosted by better [ READ MORE ]

Risk FX Rallies As Eco Data Surprises

Surprisingly strong economic data provided the fuel for a surge in risk currencies on the last trading night of the week, as euro reversed its earlier losses while pound recaptured the 1.5400 level after UK GDP figures beat estimates by a wide margin. The euro had come under strong selling pressure early in European trade [ READ MORE ]

Euro and Pound Rally as Eco Data Supports

Risk flows reversed in early European trade after better than expected PMI data out of Europe and stronger retail sales from UK lifted both euro and pound to their highest values of the day. The EUR/USD recaptured the 1.2800 figure after EZ PMI readings for both manufacturing and services increased in July with German data [ READ MORE ]

Cable Whipsaws in Wild Price Action

The pound went on wild rollercoaster ride in late Asian and early European trade today first falling more than 100 points in a matter of minutes then just as quickly recovering only to finally slide lower after the release of the BOE minutes. The initial dump lower was blamed on a massive sell order by [ READ MORE ]

USD: 3 Questions For Bernanke

U.S. equities turned positive, erasing triple digit losses in the second half of the NY trading session. The improvement in risk appetite also extended to currencies as safe haven flows eased out of the U.S. dollar. The British pound, Swiss Franc and commodity currencies benefitted from the weakness in the greenback. [ READ MORE ]

USD: Expect More Housing Weakness

It has been a quiet start to a busy trading week with equities consolidating after Friday’s sharp losses and the dollar trading mixed against other major currencies. The greenback strengthened against the pound, Japanese Yen, Canadian and New Zealand dollars but weakened against the euro and Australian dollar. [ READ MORE ]

USD: Risk On!

The powerful rally in the U.S. equity market lifted most of the major currencies well into positive territory. The strongest gains were seen in the euro and British pound as the stability in the financial markets reduce concerns about balance sheet problems in Europe. Earnings are a big focus this week and so [ READ MORE ]

FOREX: U.S. And China

The lack of the U.S. economic data has put the financial markets in a consolidative mood today. The only two currencies that saw any meaningful action were the British pound and Canadian dollars, which were also the only two countries that released market moving data. After days of significant weakness, the U.S. dollar managed [ READ MORE ]

USD: Quiet Trading Ahead

At first glance, it may appear that it has been a quiet pre-holiday trading session that has left the U.S. dollar virtually unchanged against the euro, Japanese Yen and British pound. However appearances can be deceiving because the non-farm payrolls report triggered a significant degree of intraday volatility in all 3 major currencies. [ READ MORE ]

Forex Traders Turn on Dollar After Payrolls Report

The non-farm payrolls report has lived up to its reputation of being the most market moving indicator for the U.S. dollar. On the heels of the labor market release, the dollar soared against the Japanese Yen but just as quickly as it had accumulated those gains, it lost them. Risk currencies such as the euro [ READ MORE ]

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