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Euro recovers off lows ahead of ECB decision today

02/10/2014 | OzForex

United States Dollar: GBP/USD still trades within its usual range. It started off on the back foot yesterday morning, this following the release of weaker than expected Manufacturing PMI which printed at 51.6 vs. expectations for 52.6. The dollar was also broadly stronger ...
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Euro dumped again as consensus builds for further ECB action

01/10/2014 | OzForex

United States Dollar: The pound fell to a low of 1.6168 vs. the dollar yesterday following the release of weaker than expected UK current account data. The deficit was £23.1 billion in the second quarter of 2014, up from £20.5 billion in Q1 and a lot bigger than ...
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Tight ranges ensue in run up to ECB announcement

30/09/2014 | OzForex

United States Dollar: The pound was steady throughout most of yesterday’s trading session. The US dollar firmed up in the morning and GBP/USD slipped to a low of 1.6216. Investors were fairly unresponsive to UK Chancellor George Osborn’s speech at the ...
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Commodity currencies continue their slide

26/09/2014 | OzForex

United States Dollar: GBP/USD whipped around between 1.6280 and 1.6340 yesterday, reaching the top of its range following comments from the Bank of England’s Carney. He said “while there is always uncertainty about the future, you can expect interest rates to ...
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Euro smacked lower as key support levels are breached

25/09/2014 | OzForex

United States Dollar: GBP/USD has trickled lower throughout the last 24 hours. It’s explained in part by the broad strength we’ve seen in the dollar recently, which comes following the release of stronger than expected US New Home Sales data yesterday – it ...
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Commodity currencies suffer most amid a lack of economic data

24/09/2014 | OzForex

United States Dollar: Trading in GBP/USD was volatile yesterday morning. It slipped early on to a low of 1.6302 after UK public finance data showed a deterioration in August. Public sector net borrowing was £10.9 billion in August vs. expectations for £10.3 ...
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Draghi tells us nothing new as euro steadies

23/09/2014 | OzForex

United States Dollar: Cable ground its way slowly higher throughout the day yesterday. It then popped higher again in the early Tokyo session and ended up trading to a high of 1.6389. There’s a bit more confidence in the pound again following the ‘no’ vote ...
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GBP falls back again after excitement of Scottish vote

22/09/2014 | OzForex

United States Dollar: Overall, the pound’s reaction to the Scottish ‘no’ vote was fairly muted. It traded to a high of 1.6515 vs. the USD early on Friday morning but then drifted lower throughout the day. Although the initial reaction was positive, ...
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Pound pushes higher following 'no vote

19/09/2014 | OzForex

United States Dollar: The pound pushed higher yesterday as the Scottish vote neared and it has continued to rise slowly since the result. The GBP/USD pair has traded to a high of 1.6515 so far and opens this morning at 1.6465. It hasn’t been a major reaction as a ...
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Sterling set for key 24 hours with MPC minutes and Scottish referendum due

17/09/2014 | OzForex

United States Dollar: Yesterday saw a lot of volatility in the pound with sharp moves in GBP/USD during the London and New York sessions. Yesterday morning brought the release of the monthly CPI figure from the UK which fell, as expected from 1.6% to 1.5%. Although the fall in ...
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