We’ve seen another day of consolidation as traders reflect on the possible outcomes of tomorrow’s interest rate and QE decisions from the BOE and ECB plus factoring in talk of a further French debt downgrade. (more…)
We’ve seen a rally in EURUSD and EURGBP as traders appear to rule out any chance of an interest rate cut this Thursday by the ECB. (more…)
Just prior to Friday’s US Non Farm Payrolls data EURUSD had dipped below 1.3000 and was looking to test the big 1.2980 level but an NFP number of +155k failed to live up to expectations and we saw a sharp reversal. (more…)
The US dollar was already showing signs of benefitting from the turnaround in risk sentiment that I reported yesterday but last night in NY the release of the last FOMC Minutes really set the cat amongst the complacent pigeons. (more…)
After the initial knee-jerk reaction following the temporary fiscal cliff avoidance we’ve seen a sharp reversal as traders were quick to book profits on short-USD positions given the lack of follow-through and the uncertainties out there that I’ve been highlighting. (more…)
Last night in Washington the House of Representatives passed a Senate-backed bill to avert the “fiscal cliff” by 257 votes to 167 and the markets breathed a big sigh of relief. (more…)
Despite efforts by US Congress to meet on a Sunday we’re still no closer to a deal to avoid the fiscal cliff and any traders still at their desks have been extremely cautious as 2012 comes to an uncertain end. (more…)
I said yesterday that these are thin and scrappy markets with little substance, and so it’s proved with EURUSD giving up much of its post-Xmas gains and the USD overall finding some support whilst budget talks continue. (more…)
As new Japanese PM Abe is sworn in so his desire to weaken the Yen kicks in and we’ve seen a major sell-off across the board as investors continue to factor in further monetary easing. (more…)
He knows if you’ve been bad or good but it’s not just Santa who’s on his way as any apparent budget agreement seems further and further away. (more…)
The so called “Plan B” from US House Speaker, John Boehner, has been rejected with an intended vote last night being cancelled through lack of support. (more…)
We’ve seen a small reversal in prices since late NY as traders book a few profits on the back of renewed Greek uncertainties and the US budget talks making little headway. (more…)
The Economic Voice Ltd – Registered in England and Wales, company number: 06794958
c/o J & S Chartered Accountants Ltd., 6 Northlands Road, Southampton, Hampshire, UK SO15 2LF
Tel: +44(0)1722 770 043 | Email: info@economicvoice.com
© Copyright 2009-2013 The Economic Voice - All rights reserved
Another WordPress site by LA Marketing & Design
