Posts Tagged ‘forex’

Euro falls after Draghi comments – Pound and Yen strengthen

Friday, February 8th, 2013

Mike Paterson’s Daily Forex Brief

Yesterday the BOE and ECB left interest rates and QE on hold as expected, but in the ECB press conference Draghi appeared not to rule out further monetary easing and traders took their cue to unload a few Euros. (more…)

Relative calm as traders await BOE & ECB decisions

Thursday, February 7th, 2013

Mike Paterson’s Daily Forex Brief

It’s been a quiet 24 hours as markets await today’s latest decisions on interest rates and QE from the BOE and ECB, but we can expect it all to kick off again soon enough. (more…)

Euro consolidates as the Pound, Yen and Aussie weaken further

Wednesday, February 6th, 2013

Mike Paterson’s Daily Forex Brief

The last 24 hours has seen another volatile day echoing the trend of recent weeks with the Euro consolidating gains and pressure mounting further on the Pound, Yen and Aussie dollar. (more…)

Euro dips then finds decent support in good two-way business

Tuesday, February 5th, 2013

Mike Paterson’s Daily Forex Brief

Yesterday saw a further retracement in the Euro continuing into Asia, but since then we’ve seen a decent recovery across the board. (more…)

Is this the moment of truth for equities

Monday, February 4th, 2013

Weekly Comment on the Markets, Politics and Economics by Alastair Winter by Chief Economist at Daniel Stewart

Week Ahead


  • Without wishing to sound dramatic, this week could be a moment of truth for equities. Markets could charge on again now that a new month has started but more likely is a bit of a pause, especially in Europe. The same goes for bonds. (more…)

Pound takes another hit in volatile trading

Monday, February 4th, 2013

Mike Paterson’s Daily Forex Brief

Chaos and mayhem ensued after Friday’s US jobs data despite the figures coming in close to expectation and we saw a blistering session which had traders chasing their tails as the Euro first dipped then rose to new highs, and the Pound just, well, dipped. (more…)

Euro rallies again as Yen sinks ever lower

Friday, February 1st, 2013

Mike Paterson’s Daily Forex Brief

After the consolidation comes the continuation of the trend, as is invariably the way, and we’ve now seen the Euro make further gains with the Yen under pressure once more. (more…)

Consolidation time as US leaves rates on hold citing economic “pause”

Thursday, January 31st, 2013

Mike Paterson’s Daily Forex Brief

Last night the US Fed left interest rates on hold but the accompanying statement from the FOMC left little for traders to trade off.

The essence of it was that the Fed are likely to stay in easing mode for a good while yet and this should continue to be generally bearish for the greenback. (more…)

It’s all kicking off again ahead of US GDP and FOMC later

Wednesday, January 30th, 2013

Mike Paterson’s Daily Forex Brief

After a lively day within contained ranges we’ve now seen a flurry of activity in Asia and early European trading ahead of US Q4 GDP and interest rate decision from the FOMC later today. (more…)

Euro still holding gains as January nears a close

Tuesday, January 29th, 2013

Mike Paterson’s Daily Forex Brief

It’s been Euro strength all the way in January and there seems no end to that just yet as month-end approaches.

True, EURUSD has still to break up through key resistance at 1.3500 and 1.3550 but the dips are consistently bought helped along by the continuing weakness in the Pound, Yen and Swiss Franc. (more…)

More of the same as a new week beckons

Monday, January 28th, 2013

Mike Paterson’s Daily Forex Brief

We’ve seen further weakening of the Pound after the dismal first reading of the Q4 GDP data on Friday and, as per printed programme, traders have duly sold GBP across the board once again. (more…)

Pound weaker again ahead of UK Q4 GDP

Friday, January 25th, 2013

Mike Paterson’s Daily Forex Brief

After the consolidation came another attack on the Pound ahead of today’s first reading of the key Q4 GDP but with expectations ranging from –0.5 to +0.2 the market awaits with bated breath. (more…)