Posts Tagged ‘personal finance’

Euro steady and Hildebrand packs his bags

Tuesday, January 10th, 2012

Mike Paterson’s daily Forex brief

The Euro has continued to consolidate despite little of substance (shock) from the Merkozy talks yesterday but the big news was the resignation of the Swiss National Bank’s President Philipp Hildebrand (more…)

Euro firmer in early trading ahead of the Merkel-Sarkozy talks

Monday, January 9th, 2012

Mike Paterson’s daily Forex brief

A busy start to the week as traders cover a few short Euro positions ahead of the latest Merkel-Sarkozy talks later this morning. (more…)

Euro falls again ahead of key US jobs data today

Friday, January 6th, 2012

Mike Paterson’s daily Forex brief

The Euro fell again yesterday on continuing sovereign and bank debt concerns with the USD being the major beneficiary ahead of the key Non-Farm Payroll data out today which is being widely tipped to come in better than previously expected. (more…)

Euro under pressure again as debt crisis accelerates

Thursday, January 5th, 2012

Mike Paterson’s daily Forex brief

A very busy start to the day so far, and if it was a relatively quiet start to the year then we certainly had things stirred up yesterday with a series of Euro-negative news stories that sent the currency tumbling. (more…)

Scrappy two-way business as traders await further clues

Wednesday, January 4th, 2012

Mike Paterson’s daily Forex brief

More of the same yesterday with generally a more risk-on sentiment prevailing despite rising tensions over Iran, but we’ve seen little real movement for the most part. (more…)

An understandably cautious start to 2012

Tuesday, January 3rd, 2012

Mike Paterson’s daily Forex brief

Happy New Year!

We’ve begun 2012 in what might be best described as consolidative mode with EURUSD trying to get back above 1.3000, stock markets making some early gains and Gold back to $1590 having so far survived (more…)

Pound under pressure again as 2011 finally comes to an end

Friday, December 30th, 2011

Mike Paterson’s daily Forex brief

Another lively 24 hours in Forexland with a rally from the previous day’s lows as traders looked to square up given the lack of momentum from the previous day’s fall, but little headway made to the upside. (more…)

Markets kick back into life as funds are forced to liquidate for year-end

Thursday, December 29th, 2011

Mike Paterson’s daily Forex brief

Yesterday I signed off by saying we would see some action soon enough despite the post-Xmas lull and we didn’t have to wait too long. (more…)

Little change in thin post-Xmas trading

Wednesday, December 28th, 2011

Mike Paterson’s daily Forex brief

I trust you all had a fine and festive Christmas.

Little real movement to report again but that’s to be expected as European traders slowly stumble back to their desks, many probably glad to be escaping (more…)

Merry Christmas one and all!

Friday, December 23rd, 2011

Mike Paterson’s daily Forex brief

I’m sure most of you won’t be reading this today what with all the excitement of drinks and mince pies in the office, kids probably running around pulling out your computer leads, and then there’s the last minute panic when you realise (more…)

ECB’s LTRO action creates further concerns

Thursday, December 22nd, 2011

Mike Paterson’s daily Forex brief

FX markets sprung to life again yesterday (relatively speaking for the time of year) when the ECB’s 3 Year LTRO, providing liquidity to Eurozone banks, had a far bigger take up than expected at €489 billion. (more…)

Traders start to square up ahead of Xmas

Wednesday, December 21st, 2011

Mike Paterson’s daily Forex brief

Last week I said that we can’t rule out a rally of some sort before Xmas as the down move runs out of steam and traders look to square positions, and that’s what we’re getting at the moment, albeit not in a straight line. (more…)