Posts Tagged ‘personal finance’

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…)

The calm before the storm continues…..

Tuesday, December 20th, 2011

Mike Paterson’s daily Forex brief

Well, this is going to be another brief report given the little action that we’ve seen once again, but as I’ve woken up with a stinking cold that’s no bad thing! (more…)

Groundhog Day again but we shouldn’t get too complacent

Monday, December 19th, 2011

Mike Paterson’s daily Forex brief

Groundhog Day or what? No prizes for guessing that EURUSD is still in a range of, yep, 1.2980-1.3050, GBPUSD 1.5470-1.5550, EURGBP 0.8385-0.8420 and EURCHF 1.2180-1.2220. Get the picture? (more…)

Market shows little appetite as ranges narrow

Friday, December 16th, 2011

Mike Paterson’s daily Forex brief

It really would appear that Xmas can’t come fast enough now. A quick glance at the rate table will tell you that we’ve seen little movement and while this usually doesn’t tell the whole story it really does on this occasion. (more…)

Is Santa’s imminent arrival the only bright spot left?

Thursday, December 15th, 2011

We’ve seen some sort of pause in this week’s rapid Euro decline but not without EURUSD having first hit 1.2945 yesterday, its lowest level since January, (more…)

Euro tumbles again while the Fed keeps rates on hold with no hint of further QE.

Wednesday, December 14th, 2011

Mike Paterson’s daily Forex brief

What doesn’t go back up has to come down further and this has been the Euro story so far this week as the markets react with less and less enthusiasm to the EU fiscal union proposals, (more…)