Posts Tagged ‘forex’

Euro finds some support on Greek and Spanish news

Wednesday, November 14th, 2012

Mike Paterson’s Daily Forex Brief

It’s not been a big move but we have at least seen some Euro buyers return as talk circulates that Greece will get a one-off payment of €44 billion from Germany and fresh rumours abound of Spain asking for its bailout soon. (more…)

Caution remains as Greece talks continue

Tuesday, November 13th, 2012

Mike Paterson’s Daily Forex Brief

Little change in prices again as traders keep an eye on continuing talks and rhetoric around the Greece/Troika bailout deal.

We expect a decision by the end of the week but in the meantime there are differences among Greece's official lenders about how to reduce the country's debt to manageable levels. (more…)

Still looking gloomy out there as talks on US “fiscal cliff” continue

Monday, November 12th, 2012

Mike Paterson’s Daily Forex Brief

Traders were firmly on the back foot come Friday afternoon as concerns grew that “fiscal cliff” talks between President Obama and John Boehner, the Republican speaker of the House of Representatives, are still far from finding an amicable solution. (more…)

Little of note as BOE and ECB leave interest rates and QE on hold

Friday, November 9th, 2012

Mike Paterson’s Daily Forex Brief

Little change in prices after the BOE and ECB yesterday left interest rates and QE on hold as widely expected.

EURUSD did have a little run up to 1.2800 but failed to consolidate and what doesn’t go up invariably has to come back down and so it’s proved with lows of 1.2717 but currently back up to 1.2742. (more…)

All change as post-election euphoria dries up and markets await interest rate decisions

Thursday, November 8th, 2012

Mike Paterson’s Daily Forex Brief

Well, I said yesterday that the jury was still well and truly out in the wake of the US election result and so it proved as the feel-good factor dried up by late morning. (more…)

US dollar falls as Obama gets a second term but the jury’s still out

Wednesday, November 7th, 2012

Mike Paterson’s Daily Forex Brief

President Obama has been re-elected for a second attempt to deliver growth and jobs in the world’s largest economy and markets have given an initial thumbs-down with US Treasury Bond yields getting slapped and the greenback coming under pressure across the board. (more…)

Aussie Dollar on a charge again as RBA leaves rates on hold

Tuesday, November 6th, 2012

Mike Paterson’s Daily Forex Brief

Not too much going on out there as traders await the outcome of today’s US Presidential Election and the closest contest in many a year but the Aussie $ has had another day in the sun as the RBA last night left interest rates on hold at 3.25%. (more…)

US Dollar boosted by jobs data and Euro takes another hit

Monday, November 5th, 2012

Mike Paterson’s Daily Forex Brief

Friday’s eagerly awaited Non-Farm Payrolls came in above expectations at +171,000 and we saw the US $ find some decent support with the Euro taking the brunt of the move. (more…)

Euro on the back-foot still as markets await key US jobs data

Friday, November 2nd, 2012

Mike Paterson’s Daily Forex Brief

We’ve seen scrappy trading patterns again but the Euro remains undermined ahead of today’s key Non-Farm Payroll and Unemployment Rate data from the US. (more…)

Euro lower again after month-end flows finally kick in

Thursday, November 1st, 2012

Mike Paterson’s Daily Forex Brief

Yesterday I reported that we were seeing some USD sales despite expected month-end Euro sales but that we might expect it all to kick in later. (more…)

Europe sells a few Dollars as US storm damage is counted

Wednesday, October 31st, 2012

Mike Paterson’s Daily Forex Brief

After a quiet night in Asia, European traders have sold a few US $ this morning despite month–end flows expected to be going the other way as the day progresses. (more…)

Global markets calm in the wake of US storm

Tuesday, October 30th, 2012

Mike Paterson’s Daily Forex Brief

US markets will remain again today as the East Coast last night was ravaged by Hurricane/Cyclone/Storm ( take your pick ) Sandy that has caused widespread damage, power cuts, flooding and tragically been responsible for at least 13 people dead so far. (more…)

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