Results for 'BOE'
24 articles with this tag name
Updated Mar 4, 2013 7:00:00 AM
There’s a sense that everyone got out of bed the wrong side this morning and European stock markets have opened lower. There is also a risk off tone to the FX markets with the yen clawing back some recent losses and the Aussie and the Kiwi both sharply weaker. EURUSD has failed to stay above the 1.30 handle yet again, reinforcing the bearish bias, while GBPUSD has continued to remain in recovery mode today and
[...] Continue Reading
Updated Feb 21, 2013 7:00:00 AM
There have been some important movements in the FX market in the last 24 hours. GBP has moved into a new trading paradigm that could see it fall substantially lower in the coming weeks, EURUSD looks like 1.30 could be on the cards again and gold is close to 12 month lows. In sharp contrast the dollar is moving higher, and on the back of the FOMC minutes yesterday the dollar index broke above its
[...] Continue Reading
Updated Feb 20, 2013 4:00:00 PM
Central banks were the primary drivers of FX markets today with weakness in the NZD and GBP while the USD soared. The buck is stronger against all of the G10 currencies after FOMC minutes showed a debate on the pace of QE, the NZD fell after the RBNZ Governor said the currency was overvalued and GBP is underperforming as BOE minutes showed increasing support for additional easing. RBNZ Governor Wheeler spoke on the New
[...] Continue Reading
Updated Feb 12, 2013 9:00:00 AM
We are moving into a new paradigm in the FX market, one that could be substantially more volatile especially as we lead up to the G20 meeting later this week. Today the G7 released a statement specifically on the FX market. It reaffirmed the G7’s “commitment to market determined exchange rates” and reiterated its pledge not to “target exchange rates” in respect to domestic policy objectives. This sounded fairly neutral, and typical of the G7
[...] Continue Reading
Updated Jan 10, 2013 9:50:00 AM
Risk appetite was supported after better than expected trade data out of China and as major central banks kept policy unchanged. The USD and the JPY are much weaker today as a result of the improvement in risk sentiment while the Scandies and the euro are trading significantly higher. EUR/JPY rose to its highest level since July 2011 and EUR/USD is testing the 1.32 figure after rising sharply following the ECB rate announcement.
As
[...] Continue Reading
Updated Jan 9, 2013 11:39:53 PM
The Australian dollar was in focus today, with the release of local building approvals figures and Chinese trade data. The former proved to be a non-event, but the latter sent the aussie soaring. Towards the end of last year positive sentiment stemming from a turnaround in Chinese economic data, as well as high local yields which attract overseas money, helped to create a floor for the aussie, preventing AUDUSD for sinking materially despite two interest
[...] Continue Reading
Updated Dec 19, 2012 8:55:00 AM
The euro rose to its highest level against the USD in 8-months and tested the 1.33 figure as sentiment continued to improve in the Eurozone. Economic data showed stronger than expected confidence in Germany, the ECB acknowledged progress in Greece and were optimistic about bank supervision, and Spain remained open to the idea of seeking a bailout. Germany’s Ifo survey was stronger than expected overall as business confidence improved in December in the region’s largest
[...] Continue Reading
Updated Dec 6, 2012 7:40:00 PM
The U.S. dollar saw a mixed performance versus the rest of the G10 today, strengthening relative to the Euro and consequently the CHF & DKK as they are highly correlated to it, meanwhile weakening versus the NZD & AUD. However, this mixed performance was largely due to a mix of economic data and central bank announcements over the past 24-hours: While EUR/USD caught most of the headlines today on the back of a break below
[...] Continue Reading
Updated Dec 6, 2012 10:00:00 AM
The UK’s Bank of England and the European central bank both kept rates on hold today and didn’t adopt any new policy measures, which had been expected by the market. As we mentioned in our ECB/ BOE preview webinar earlier this morning the biggest market moving event was the ECB staff projections for growth and inflation that were also released today. These forecasts were as bad, if not slightly worse than expected. The ECB
[...] Continue Reading
Updated Dec 6, 2012 4:00:00 AM
The outcome of the last ECB meeting of the year will be known on Thursday 6th December at 1245 GMT/ 0745 ET. The market expects no change in interest rates and no new policy measures to be announced. ECB President Draghi will deliver his monthly press conference after the rate decision at 1330GMT/ 0830 ET. The Bank is likely to remain in wait-and-see mode and we expect Draghi to reiterate that the ECB is
[...] Continue Reading
<< Previous 1 2 3 Next >>
