Daily Forex News

GBP trading lower. Investors await Monetary policy decisions

The GBP was trading lower against the USD yesterday alongside an equally weaker Euro. The poor UK data such as GDP contraction and lower mortgage sales and the question, investors are ...
Continue Reading →

Not the smoking gun Fed doves sought

On the face of it, after some of the recent misses and revisions, this was a relatively tame number in terms of ‘shock value’. US non-farm payrolls increased 80K in June, not that ...
Continue Reading →

The storm after the calm

Suddenly, just when all seemed so calm in currency markets, the mood twists violently. Not surprisingly, it is the single currency that is again in the dock, sinking to a low of 1.2377 ...
Continue Reading →

More grounds for extending UK QE

Good news on UK inflation has been fairly rare in recent years. Since early 2008, the increase in the overall price level (of 16%) has been around double that seen in both the US and ...
Continue Reading →

Focus on US Data today

FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)WORLD Currency markets were mostly indecisive during the Asia session despite the brief episode of dollar buying when Richmond Fed President ...
Continue Reading →