Posts Tagged ‘personal finance’

Markets on hold still ahead of interest rate decisions today

Thursday, July 5th, 2012

Mike Paterson’s daily Forex brief

We’ve seen a little bit of $ buying on the back of anticipated monetary easing today this side of the pond but markets are still on hold ahead of the interest rate decisions from the BOE and ECB. (more…)

Little change again ahead of US holiday-UK stands by for the Bob Diamond show

Wednesday, July 4th, 2012

Mike Paterson’s daily Forex brief

Nothing much to report again as traders have little to feed off and have the added excuse of the US Independence Day holiday to sit on their hands or head to the pub. (more…)

Stalemate as traders dream of sunnier climes

Tuesday, July 3rd, 2012

Mike Paterson’s daily Forex brief

Not a lot going out there right now as the after-show party from the EU summit grinds to a halt and traders look to the US Independence Day holiday tomorrow and summer hols in sunnier climes. (more…)

Euro in favour still as markets digest EU lending deal

Monday, July 2nd, 2012

Mike Paterson’s daily Forex brief

It appears that markets have breathed a sigh of relief after Friday’s EU summit decision on lending and the Euro continues to attract a few buyers. (more…)

Euro rallies as Germany relents on bailout terms but gets nod on greater ECB control

Friday, June 29th, 2012

Mike Paterson’s daily Forex brief

After 13 hours of talks that lasted well into the early hours of this morning EU leaders finally released their communiqué agreeing to use the Eurozone’s bailout funds to support banks directly (more…)

Euro lower again as Germans downplay EU summit expectations

Thursday, June 28th, 2012

Mike Paterson’s daily Forex brief

Yep, not exactly a shock huh? But the Euro has come under pressure again in early trading this morning as a German “government source” was quoted as warning that the EU summit will produce no detailed decisions (more…)

Euro wobbles on Merkel comment as EU summit looms

Wednesday, June 27th, 2012

Mike Paterson’s daily Forex brief

Yesterday’s relative calm was given a jolt after reports of German Chancellor Merkel was alleged to have said there would be no shared liability for sovereign debt in Europe “in her lifetime(more…)

Markets steady as traders still looking for clues

Tuesday, June 26th, 2012

Mike Paterson’s daily Forex brief

Not a lot going on out there right now ahead of the EU summit as traders either keep their powder dry or go looking for clues for a quick punt. Net result is the same and rates remain little changed. (more…)

Gloomy week ahead as EU summit hopes fade and there’s talk of China cutting rates again

Monday, June 25th, 2012

Mike Paterson’s daily Forex brief

We’ve seen further pressure on the Euro as hopes fade of anything than the usual can-kicking to emerge from this week’s EU summit despite various chunks of hot air over banking and fiscal union. (more…)

It’s risk-off again as Moody’s bank downgrades add to the gloom

Friday, June 22nd, 2012

Mike Paterson’s daily Forex brief

Yesterday saw another wave of doom and gloom across the markets on a hat-trick of events after bad US data, the realisation that the Fed had not done enough the day before and the downgrading of 15 banks by ratings agency Moody’s. (more…)

US Fed extends Operation Twist amidst gloomy forecasts but markets give muted response

Thursday, June 21st, 2012

Mike Paterson’s daily Forex brief

Last night the US Federal Reserve left interest rates on hold as expected at 0% – 0.25% but extended Operation Twist (swapping short-term bonds for longer-term ones) until the end of the year. (more…)

More G20 hot-air as BRICS win a trade-off and EU leaders pledge to act (again) as traders await US interest rate decision

Wednesday, June 20th, 2012

Mike Paterson’s daily Forex brief

In the G20’s final communiqué, EU countries pledged to "take all necessary policy measures" to safeguard monetary union. Europe also intends "to consider concrete steps towards a more integrated financial architecture", (more…)