Daily Forex Commentary

14 August 2017 - US CPI helps cable push higher

By Alex Hartley
Cable has broken 1.3000 overnight. There was no data from the UK on Friday, so all eyes were on the US CPI releases, and with good reason. The US bureau of labour statistics stated that consumer prices rose 0.1% in July from a month earlier, compared to t read more

11 August 2017 - Risk off approach expands forcing stocks down.

By Joshua Hughes - Private Client Dealer
United States Dollar: As the weeks trading draws to a close we have seen a risk off approach to investment continuing to motivate and monopolise movement. Safe havens such ... read more

10 August 2017 - Safe havens rally as global uncertainty remains.

By Joshua Hughes - Private Client Dealer
United States Dollar: Only minor releases came from the US yesterday in the form of Prelim Nonfarm Productivity and Prelim Unit Labor Costs. Neither release did much to mot... read more

09 August 2017 - Political tensions rise but the USD remains strong. 

By Joshua Hughes - Private Client Dealer
United States Dollar: Markets turned focus firmly to the political landscape yesterday, most notably, towards tensions between the US and North Korea. Leaders of both natio... read more

08 August 2017 - Australian Dollar strengthens following record high business confidence.

By Joshua Hughes - Private Client Dealer
United States Dollar: With a very quiet start to the week in terms of data releases the US Dollar was able to continue its gains off the back of Friday’s payroll figu... read more

07 August 2017 - Payroll figures continue to motivate markets.

By Joshua Hughes - Private Client Dealer
United States Dollar: Focus on Friday was centred firmly on the US payroll figures which came in positively with Non-Farm Employment change coming in well above forecast at... read more

04 August 2017 - A dovish Bank of England hits the pound

By Hamish Muress
So it was another disappointing day of data releases yesterday for the US dollar as ISM non-manufacturing fell more than anticipated suggesting that there is a slowdown in the service sector. This adds to the argument that today is likely to be a poor day read more

03 August 2017 - Super Thursday arrives

By Hamish Muress
The US dollar was hampered yesterday as ADP figures missed the mark and released weaker than expected, further damaging the chances of a US interest rate hike later in the year. July’s figures showed an increase of around 178k versus an expected 190k, whi read more

02 August 2017 - Eurozone continues to grow, Euro continues to rally

By Hamish Muress
Yesterday afternoon we had the latest insight into the state of the US manufacturing sector in the form of July’s ISM manufacturing PMI. The report showed that the pace of the manufacturing sector had slowed slightly and confirmed that the nation’s builde read more

20 July 2017 - Big day for the Euro and Brexit negotiations will be released 

By Senior Private Client Dealer
The Dollar moved higher during yesterday’s trade following the release of upbeat housing data, indicating a change of play in what has been a sluggish pace of home building. read more

18 July 2017 - USD on the back foot again as the Aussie continues its rally

By Senior Private Client Dealer
An already fragile dollar was dealt another blow yesterday over worries that President Donald Trump will fail to deliver healthcare reforms as promised. read more

14 July 2017 - Attention turns to US inflation.

By Joshua Hughes - Private Client Dealer
United States Dollar: Following Fed Chair Yellen’s testimony to Congress, markets have reacted negatively to the USD, causing a slight retreat from the currency. This... read more

13 July 2017 - Risk on Approach Taken Following Yellen Testimony.

By Joshua Hughes - Private Client Dealer
United States Dollar: Fed Chair Yellen headlined proceedings yesterday with her testimony to Congress. Yellen maintained a relative position in terms of future policy howev... read more

12 July 2017 - Sterling falls while focus shifts to Fed Chair Yellen.

By Joshua Hughes - Private Client Dealer
United States Dollar: There was little data of note released yesterday from the US with focus turning to the JOLTS job openings figures which fell from 5.97M to 5.67M, show... read more

11 July 2017 - Nothing to declare as markets remain quiet

By Joshua Hughes - Private Client Dealer
United States Dollar: A very quiet start to the week has left markets looking for motivation and struggling to find a catalyst to prompt any major movement. Rates remained ... read more

10 July 2017 - Sterling lower after manufacturing latest

By Alex Hartley
Cable slips below 1.2900 as US jobs data exceeds expectation. It was non-farm employment change that has boosted the US Dollar since the close of business Thursdays as an expected 175k rise was met with a 222k increase. The news took GBP/USD, which had be read more

07 July 2017 - US jobs data knocks the Greenback

By Alex Hartley
Sterling pushes higher against the Greenback. As there was no key data from the UK Thursday, focus for investors was on US releases from 1:15 pm. As mentioned yesterday, jobs data was to be monitored and it has proven correct as the main reason for USD lo read more

06 July 2017 - No further guidance gained from FOMC minutes

By Alex Hartley
Cable edges higher after the US FOMC meeting minutes. Markets and investors were both disappointed by the FOMC meeting minutes as members remain divided on when the FED should start trimming its balance sheet. The draw-down plan announced after Junes inte read more

05 July 2017 - Sterling on standby for services PMI

By Alex Hartley
Tuesday’s construction data failed to support Sterling. The main reasons for the was that the June data showed weaker growth momentum in business activity, new work and employment with all expanding at slower rates. However, despite the release coming jus read more

04 July 2017 - Sterling awaits construction latest

By Alex Hartley
Sterling losses seen after local manufacturing data disappoints. At the end of the second quarter UK manufacturing showed an expansion in both production and new orders, but the rates of increase decelerated. The result overall came in 2.1 under expectati read more

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