Posts Tagged ‘personal finance’

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…)

A mixed bag again as traders wait for next move

Friday, July 20th, 2012

Mike Paterson’s daily Forex brief

We’ve seen less movement in the past 24 hours but still seen some volatility as traders look for more clues as to the next real move. (more…)

Up and down and up and down we go… (again…)

Thursday, July 19th, 2012

Mike Paterson’s daily Forex brief

Another day of ups ‘n downs in the wonderful world of foreign exchange as better than expected US corporate earnings gave a cheer after yet another sell off in earlier trading. (more…)

A roller-coaster ride as Fed Chairman Bernanke disappoints but QE3 not ruled out

Wednesday, July 18th, 2012

Mike Paterson’s daily Forex brief

Yesterday’s eagerly awaited testimony to Congress by Fed Chairman Ben Bernanke set the markets reeling as he failed to give clear signals that he was about to open the up the easing sluice gates. (more…)

Dollar weakens as traders anticipate QE3 plans from Bernanke today

Tuesday, July 17th, 2012

Mike Paterson’s daily Forex brief

After another wobble yesterday morning EURUSD rose steadily from lows of 1.2175 to recent highs of 1.2314 as traders started to speculate that Fed Chairman Ben Bernanke will tend toward further monetary easing when he testifies before Congress later today. (more…)