Daily Forex Commentary

17 October 2017 - Pound data storm arrives

By Hamish Muress
There was a slight reprieve overnight for the UK and Prime Minister Theresa May as she announced alongside President of the European Commission Jean-Claude Juncker, that Brexit negotiations would ‘accelerate over the months to come’ following a working d read more

06 October 2017 - Theresa Mays leadership is thrown into doubt

By Senior Private Client Dealer
The dollar hit seven-week highs versus a basket of currencies through Thursday following another strong day at the office for the Greenback. Congressional Republicans moved to hasten an overhaul of the U.S. tax code on Thursday, with the Republican-contr read more

05 October 2017 - Pound is down in early trade

By Senior Private Client Dealer
The dollar had little reaction yesterday after data showed the U.S. private sector added 135,000 jobs last month, as speculation the next Fed head could be less hawkish than expected continued to weigh. Fed Governor Jerome Powell and former governor Kevin read more

04 October 2017 - UK construction feels the effects of Brexit

By Senior Private Client Dealer
The US Dollar rally stalled through most of Tuesday as markets squared up positions ahead of a busy end of the week. In what was a quiet day on the economic calendar the greenback retreated from six-week highs as investors held off initiating large positi read more

03 October 2017 - Cable drops further following some good US releases

By Senior Private Client Dealer
The dollar rose against a basket of major currencies after data showing manufacturing activity rose to its highest since 2004 fuelled expectations of solid third-quarter economic growth. The Institute for Supply Management (ISM) said its index of national read more

28 September 2017 - Dollar advances on domestic data

By Alex Hartley
Cable continues its descent as domestic US data continues to drive an interest rate hike before the end of the year. The data yesterday came in the form of durable goods orders with the release showing business equipment increased more than forecast in Au read more

27 September 2017 - Yellen supports interest rate hikes

By Alex Hartley
Cable heads south as the US prepares for an interest rate increase in December. As the UK had little in the way of macroeconomic data yesterday, eyes turned to the US early and specifically Yellen’s speech late afternoon. Prior to the release, we saw US C read more

26 September 2017 - Markets anticipate Janet Yellen''s speech

By Alex Hartley
Data was thin on the ground Monday for each of the UK and US currency locations, which saw cable trade either side of 1.3500 for most of the day. FOMC members William Dudley and Charles Evans spoke yesterday, giving their views on the current state of the read more

25 September 2017 - Political uncertainty hits the EUR

By Alex Hartley
Cable trades higher despite Theresa May’s lacklustre speech in Florence, Italy on Friday. The speech was highly anticipated last week as it was to offer investors, as well as UK and European residents, guidance on whether we are to see a soft or hard Brex read more

22 September 2017 - USD retreats as geopolitical tensions rise.

By Joshua Hughes - Private Client Dealer
United States Dollar: The main release from the US yesterday came in the form of Unemployment Claims which unexpectedly fell from 282K to 259K. This is the second consecuti... read more

21 September 2017 - Dollar rallies following Fed''s hawkish hold.

By Joshua Hughes - Private Client Dealer
United States Dollar: All eyes yesterday were firmly set on the US with the latest Fed announcement released late on in the day. The Fed unsurprisingly held rates at 1.25% ... read more

20 September 2017 - Focus turns to today''s FED announcement.

By Joshua Hughes - Private Client Dealer
United States Dollar: Markets were able to digest a number of minor data releases from the US yesterday. Building Permits and Housing Starts both came in above forecast giv... read more

19 September 2017 - Political risks return for the Pound.

By Joshua Hughes - Private Client Dealer
United States Dollar:A very quiet start to the week for the USD with only minor announcements released yesterday. The USD was relatively unmoved as markets wait for higher... read more

18 September 2017 - Markets await Wednesday''s Fed announcement.

By Joshua Hughes - Private Client Dealer
United States Dollar: A number of key announcements were released from the US on Friday, including Retail sales which unexpectedly fell from 0.3% to -0.2% causing the USD t... read more

15 September 2017 - Hawkish comments trump dovish voting

By Hamish Muress
The pound climbed to fresh one year highs against the US dollar overnight as it continued to rally following yesterday’s Bank of England announcement. Whilst rates were left on hold at 0.25% and troublemakers Michael Saunders and Ian McCafferty were heavi read more

14 September 2017 - From tax plans to Super Thursday – markets wake up

By Hamish Muress
Yesterday afternoon the USD was excited by positive developments regarding a potential tax reform plan. The USD rallied as Paul Ryan announced he wanted the reforms in place by the end of the year and it is expected another announcement will be made on Se read more

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