Daily Forex Commentary

23 June 2017 - Pound climbs steadily as week comes to a close

By Alex Edwards
United States Dollar:It was another very quiet day for the pound (apparently everyone was at Royal Ascot) as it traded in a very narrow range against the US dollar. This w... read more

22 June 2017 - Haldane''s hawkish comments drive sterling

By Hamish Muress
It was a day of swings for the US dollar yesterday, particularly against the pound as it traded one cent either way. US housing data did come out in the afternoon which showed unexpected strength in sales. Sales of homes, excluding new builds, jumped to read more

15 June 2017 - Fed hikes but selling pressure still dominates

By Senior Private Client Dealer
The US dollar released a raft of data yesterday including the all-important rate announcement. The greenback kicked the day off with the inflation number and retail sales. read more

14 June 2017 - Markets await the FEDs decision.

By Senior Private Client Dealer
The greenback lost ground yesterday as markets await the eagerly anticipated rate announcement tonight. The conclusion of the 2-day meeting is expected to bring a rate rise with a 97% chance of this happening. read more

13 June 2017 - UK heading for crunch talks as Mondays deadline date looms.

By Senior Private Client Dealer
As markets gear up to the Federal Reserve meeting this week investors are moving cautiously from a Dollar point of view. The dollar traded flat against a basket of global currencies on Monday, failing to capitalize from a slump in sterling but expectation read more

12 June 2017 - Central bank meetings headline the week ahead

By Senior Private Client Dealer
After an eventful week last week the Dollar was able to close out higher. The greenback found some selling pressure on Thursday after Comey accused President Donald Trump of firing him in a bid to undermine a probe into Russia’s alleged involvement in the read more

09 June 2017 - UK Election Results in Hung Parliament

By Joshua Hughes - Private Client Dealer
United States Dollar: The only major release from yesterday’s card from the US was Unemployment Claims which fell to 245k from 255k. This figure had little impact as ... read more

08 June 2017 - Markets await Super Thursday

By Joshua Hughes - Private Client Dealer
United States Dollar: There was little data of note released yesterday from the US with the headline figure coming from Crude Oil Inventories which unexpectedly rose from a... read more

07 June 2017 - Focus turns to Thursday

By Joshua Hughes - Private Client Dealer
United States Dollar: The only major release from the US yesterday came in the form of JOLT’s Job Openings which exceeded expectations, rising to 6.04m from a previou... read more

06 June 2017 - Civil servants advised to prepare for hung parliament.

By Joshua Hughes - Private Client Dealer
United States Dollar: We have a very quiet week ahead in terms of data from the US with the main release yesterday coming in the form of ISM non-manufacturing PMI which cam... read more

05 June 2017 - Attention turns to Thursday''s snap election

By Joshua Hughes - Private Client Dealer
United States Dollar: The US dollar retreated last week off the back of renewed pressure and a slowdown to Q1 data. Friday’s payroll figures came in significantly bel... read more

26 May 2017 - Poor performing Pound continues

By Alex Hartley
Sterling losses further ground against the US dollar. This follows Thursdays GDP latest from the UK as the second estimate failed to meet forecast. GDP growth quarter 1 2017 was revised 0.1 percentage point lower than the 0.3 percent expected as rising in read more

25 May 2017 - Euro strength returns

By Alex Hartley
Cable opens today within recent ranges. UK data was thin on the ground Wednesday, which left traders and investors looking at the FOMC to offer guidance on movement. To summarise the FED minutes showed that the group are ready to hike interest rates in Ju read more

24 May 2017 - Euro stumbles on mixed ECB views

By Alex Hartley
Sterling opens under the big 1.3000 versus the US Dollar. The currency pair also traded under this rate for the most of yesterday. Early in Tuesdays session, UK public sector net borrowing showed a red figure decreasing £23.4 billion to 48.7 billion in th read more

23 May 2017 - Euro continues to gain ground

By Alex Hartley
Cable has traded within a narrow range the past 24 hours. As there was little macroeconomic data yesterday, neither the Pound or the Greenback has had much guidance for movement. Early Monday, the Pound did weaken after polls showed that the conservative read more

22 May 2017 - Cable drops back below 1.3000

By Alex Hartley
Sterling yo-yos 1.3000 versus the US Dollar. The Pound had little macroeconomic data to feed off on Friday after breaking 1.3000 Thursday as retail sales figures exceeded expectation. UK Industrial orders was the only release of note Friday, as a low impa read more

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