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Aussie dumped on soft retail sales data

03/07/2015 | OzForex

United States Dollar: GBP/USD recovered a bit on Thursday following the release of better than expected Construction PMI. It pushed up through 1.56 again but has traded sideways since and opens this morning at 1.5615. US Non-Farm Payrolls were released yesterday and printed ...
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Pound falls as Carney talks down chances of rate hike

02/07/2015 | OzForex

United States Dollar: It wasn’t a great day for the pound yesterday. It got off to a bad start after UK manufacturing data missed forecasts. The index showed that British manufacturing slowed to its weakest in more than two years in June. An hour later BoE Governor ...
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Euro unmoved as Greece misses its debt repayment deadline

01/07/2015 | OzForex

United States Dollar: So unsurprisingly Greece missed its IMF debt repayment deadline, this after further last minute negotiations broke down yesterday. EUR/USD bounced around late yesterday afternoon before and after the London currency fix (the point at which a benchmark ...
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Euro holds firm as Greek debt deadline nears

30/06/2015 | OzForex

United States Dollar: GBP/USD has been fairly steady over the last 24 hours. It recovered in line with EUR/USD yesterday afternoon and reached an intra-day high of 1.5780. As mentioned yesterday, this recovery was party supported by FX intervention by the Swiss National Bank ...
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Investors on the side-lines ahead of crucial weekend Greek negotiations

26/06/2015 | OzForex

United States Dollar: It was a relatively quiet day of trading as investors focus remains on the on-going Greek debt negotiations. For the greenback we had the unemployment claims number released, it showed the number of individuals filing for unemployment increased by 3,000 ...
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Greek situation is beginning to sound like a broken record

25/06/2015 | OzForex

United States Dollar: Wednesday morning saw the Dollar retract as demand weakened in anticipation of the GDP figures released later in the day, we saw GBP/USD climb to 1.58 appreciating 0.44%. This wasn’t to last and as soon as news filtered through from the Eurozone ...
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The hawks are out for the USD

24/06/2015 | OzForex

United States Dollar: The dollar continued on its good run during Tuesday's session and remained higher against a basket of major currencies. It was a mixed day of releases starting with FOMC member Jerome Powell delivering his take on the future of the dollar. He stated there ...
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Greek deal looking likely

23/06/2015 | OzForex

United States Dollar: The USD welcomed some good news yesterday after existing home sales rose more than expected in May to hit the highest level since 2009. The report highlighted sales increased 5.1% to 5.35 million units last month from 5.09 million in April. Analysts had ...
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Markets dominated by Grexit fears

22/06/2015 | OzForex

United States Dollar: It was a fairly quiet day on Friday. There wasn’t much by way of economic data and traders were reluctant to place too many major bets as long as the Greek debt saga remained unresolved. That said the pound caught a bid as markets came to a close ...
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Pound rises after positive Retail Sales data

19/06/2015 | OzForex

United States Dollar: USD has recouped some of the losses it experienced in the past 48 hours as the ongoing Greek impasse sees the greenback well bid this morning. Fed Chair, Janet Yellens dovish press conference on Wednesday evening saw cable break through 1.58 and it pushed ...
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