Posts Tagged ‘personal finance’

Euro lower on renewed bailout fears

Friday, August 10th, 2012

Mike Paterson’s daily Forex brief

Yesterday I mentioned that we were threatening some stop-loss selling being triggered on EURUSD at 1.2350 and so it proved after ex-ECB chief economist Issing said Germany should not be forced into bailing out its EZ partners (more…)

Little change in summer market malaise but Pound sees some short covering

Thursday, August 9th, 2012

Mike Paterson’s daily Forex brief

We’ve seen a continuation of slow summer markets as traders remain away from their desks or indeed glued to the Olympics, but the Pound’s picked up a few buyers again despite the BOE’s gloomy growth forecasts yesterday. (more…)

Pound looks a little shaky ahead of BOE Inflation Report

Wednesday, August 8th, 2012

Mike Paterson’s daily Forex brief

We’ve seen some selling of GBPUSD so far this morning ahead of the latest Quarterly Inflation Report from the Old Lady at 10.30 BST. Talks is that growth forecasts will cut again dramatically to near zero from the 0.8 % hoped for in May. (more…)

Traders pause for breath as Euro finds a few buyers

Tuesday, August 7th, 2012

Mike Paterson’s daily Forex brief

What doesn’t go down in theory normally goes back up and so it’s proved with the Euro as traders pause for breath after the recent fun and games. (more…)

Euro falls again as Draghi fails to deliver

Friday, August 3rd, 2012

Mike Paterson’s daily Forex brief

Yesterday saw carnage on the FX streets as the BOE left interest rates and QE on hold as expected but ECB President Draghi failed to produce the goods that he promised last week, and with that his credibility went flying out of the post-decision press conference. (more…)

Financial education in the workplace

Thursday, August 2nd, 2012

New guidance for employers on how to improve the financial awareness of their workers has been released by the Chartered Institute of Personnel and Development (CIPD). (more…)

Traders justifiably cautious ahead of key decisions from Fed, BOE and ECB

Wednesday, August 1st, 2012

Mike Paterson’s daily Forex brief

We've been seeing some good two-way business this week as markets consolidate ahead of key interest rate/QE decisions starting this evening with the US Fed then tomorrow from the BOE and ECB. (more…)

Another crazy day as Draghi ramps up the rhetoric

Friday, July 27th, 2012

Mike Paterson’s daily Forex brief

One thing I’ve learnt over 30 years in the FX market is always expect the unexpected and so it proved yesterday when ECB President Draghi came out in the midday sun with all guns blazing (more…)

Pound lower on awful GDP data

Thursday, July 26th, 2012

Mike Paterson’s daily Forex brief

The Pound has come in for a timely reality check following yesterday’s worse than expected provisional Q2 GDP data which came in at – 0.7 % and –0.8% year on year. (more…)

Good two-way business again as traders tread warily in thin markets

Wednesday, July 25th, 2012

Mike Paterson’s daily Forex brief

Yesterday’s poor Richmond Manufacturing Index data from the US sent stocks tumbling and FX traders jumped on the band wagon to buy US Dollars again, perversely, as the risk-off sentiment targets other, more suspect, currencies first. (more…)

Eurozone fears persist as Moody’s issues warning on Germany

Tuesday, July 24th, 2012

Mike Paterson’s daily Forex brief

We’ve seen a day of relative consolidation but fears over the Eurozone persist as Spanish bond yields rise to new Euro-era highs and ratings agency Moody’s issued a negative warning on core member countries (more…)

Euro weakens again as Spain and Greece return to the spotlight

Monday, July 23rd, 2012

Mike Paterson’s daily Forex brief

Just as you thought the market was dealing itself into a little hole so the old Eurozone fears came dancing back to the fore and with renewed concerns over Spain and Greece defaults we’ve seen the Euro under attack once again. (more…)