Mike Paterson’s Forex Update
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This morning I talked of the huge volatility in tight ranges and that in this $3.6 trillion turnover per day FX market something was brewing, (more…)
Posts Tagged ‘personal finance’
Central Banks take co-ordinated action to add liquidity
Wednesday, November 30th, 2011Blink and you miss it as rumour and rhetoric abound.
Wednesday, November 30th, 2011Mike Paterson’s daily Forex brief
The craziness continues as markets remain doubtful over any short-term solutions to the Eurozone debt crisis (how many times have we commentators typed that phrase over the past 12 months?) (more…)
Good two-way business as traders remain cautious
Tuesday, November 29th, 2011Mike Paterson’s daily Forex brief
Plenty of action but little real movement since I reported yesterday. The rally did indeed peter out and NY trading saw sharp falls lower again but it seems that there’s some decent buying interest across the board in the dips. (more…)
Risk back on after strong US Retail Sales and rumour of IMF bailout plan for Italy
Monday, November 28th, 2011Mike Paterson’s daily Forex brief
We’ve seen a significant reversal of last week’s bearish sentiment in Asian and early European trading after strong retail sales data from the US on Friday and rumours of an IMF loan to Italy of EUR 600 billion. (more…)
Euro under pressure again after the brief respite
Friday, November 25th, 2011Mike Paterson’s daily Forex brief
The Euro has once again come under intense pressure, as forecast here, after the short-covering I mentioned yesterday ahead of the US Thanksgiving holiday. (more…)
Traders cover a few positions ahead of Thanksgiving
Thursday, November 24th, 2011Mike Paterson’s daily Forex brief
After a further sell-off yesterday we’ve seen some short-covering ahead of today’s US Thanksgiving holiday but a sell-on-rally sentiment is still around. (more…)
Traders still in cautious mode as bearish sentiment prevails
Wednesday, November 23rd, 2011Mike Paterson’s daily Forex brief
Market jitters continue amidst the tight but volatile ranges of recent days as traders test both sides but currently concede that it’s still a nasty world out there, and that risk-averse sentiment prevails. (more…)
US debt mountain gives fresh concerns to global markets
Tuesday, November 22nd, 2011Mike Paterson’s daily Forex brief
As concerns re-emerge over the US debt problems (almost $16 trillion worth in fact) the markets still can’t really fathom what to do with all the bad news from around the globe (more…)
Gap between high and low earners widens in the UK
Monday, November 21st, 2011The disparity in income between the UK’s highest and highest earners has increased says a leading global financial information service. (more…)
Weak UK data has traders looking for more QE
Monday, November 21st, 2011Mike Paterson’s daily Forex brief
Dare I say that we’ve seen more of the same? Well, we have, and after a brief flutter with a more risk-on sentiment on Friday following talk that the IMF act as the vehicle of support for the EFSF (more…)
Hard pressed UK public sells gold
Friday, November 18th, 2011As central banks around the world keep amassing gold the long suffering British people are selling any gold they have. (more…)
It’s Groundhog Day as stalemate hits the markets
Friday, November 18th, 2011Mike Paterson’s daily Forex brief
These markets are definitely developing a strong Groundhog Day feel to them which is perhaps indicative of either traders being ground down into stalemate and/or not having a clue what to do next. (more…)
