Mike Paterson’s daily Forex brief

In the busiest 24 hours we’ve seen in a while the US Dollar has made extensive gains after the Fed’s FOMC Minutes were released and made no mention of further monetary easing or “QE3”. (more…)

Mike Paterson’s daily Forex brief

Well, we’ve seen the two-way business that I anticipated yesterday prompted by rumours yesterday morning that the Bundesbank would not be accepting certain sovereign debt from some of its EX partners such as Portugal. (more…)

Mike Paterson’s daily Forex brief

On Friday EZ ministers managed a bit of creative accounting and announced that the bail-out firewall could be upped to € 800 billion compared to the €700 billion anticipated. (more…)

Mike Paterson’s daily Forex brief

We’ve been seeing plenty of month-end flows again with traders also trying to hunt down the weak side and take out the stop-loss orders.

(more…)

Mike Paterson’s daily Forex brief

Month and quarter-end flows continue to dominate these markets and we’ve seen the Yen strengthen as year-end repatriation has the anticipated impact, while the Aussie dollar heads lower yet again. (more…)

Mike Paterson’s daily Forex brief

Following on from the previous day’s fall in the US dollar the Euro is finding some good support from a variety of sources as month-end looms. (more…)

Mike Paterson’s daily Forex brief

Yesterday saw US Fed Chairman Ben Bernanke step up to the rostrum once more and give the markets every good reason to believe that the US will print their way out of trouble. (more…)

Mike Paterson’s daily Forex brief

There’s been little change in prices as Eurozone countries consider raising the debt firewall to €700 billion ahead of this week’s summit on March 30-31, with Germany, albeit through gritted teeth, (more…)

Mike Paterson’s daily Forex brief

Not a lot to report as traders continue to search for clues, and we’ve seen 24 hours of consolidation but with the usual volatility in tight ranges. (more…)

Mike Paterson’s daily Forex brief

I keep saying the FX markets are notoriously fickle and never more so than in the past 24 hours where we’ve seen a complete turn around in risk sentiment, (more…)

Mike Paterson’s daily Forex brief

Yesterday’s rumours of a coup in Beijing were, as expected, nothing more than that, or as one of my colleagues eloquently wrote, (more…)

Mike Paterson’s daily Forex brief

Well, the week has certainly got off to a lively start as first yesterday the USD continued to retreat, then BHP put out a warning on reduced iron ore exports to China which slapped the Aussie $ and now this morning rumours of a military coup (more…)