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Euro drops on Grexit fears

31/03/2015 | OzForex

United States Dollar: Risk-aversion saw the dollar gain across the board yesterday with cable dropping below 1.48 on the back of ongoing concerns about a possible Greek exit from the Eurozone. The dollar will likely to remain well bid as the current impasse rumbles on. ...
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US GDP misses forecast

30/03/2015 | OzForex

United States Dollar: Friday saw the final estimate of Q4 GDP from the States print 2.2% growth. The reading fell just short of the 2.4% expected however market reaction was fairly muted with cable barely moving in the immediate aftermath. The release showed business ...
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Markets Await US GDP Data

27/03/2015 | OzForex

United States Dollar: The pound was buoyed yesterday as monthly Retail Sales data beat forecast to show 0.7% growth for February. The report was the 23rd in succession showing year on year growth, the longest run since 2008. It also confirmed prices in stores had fallen for ...
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GBP/USD steadies around 1.49 ahead of Retail Sales

26/03/2015 | OzForex

United States Dollar: It’s been a steady last 24 hours for GBP/USD. It started the day yesterday sub 1.49 and rallied at 12:30pm following the release of weaker than expected US Durable Goods Orders. Demand for these goods unexpectedly dropped in February by 1.4% vs. ...
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Pound falls after inflation rate falls to zero

25/03/2015 | OzForex

United States Dollar: UK CPI printed weaker than market forecasts yesterday, showing that the UK inflation rate dropped to zero in February and below the 0.1% expected level. The big contributors to the soft reading were downward pressures on food, furniture and computer ...
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Markets await UK inflation data

24/03/2015 | OzForex

United States Dollar: The dollar started the week on the back foot as investors sold off the greenback in the wake of last week’s dovish FOMC statement. With investors putting back the expected date of the first Fed rate hike from June to September the dollar’s ...
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Dollar retreats as markets get off to a slow start

23/03/2015 | OzForex

United States Dollar: There wasn’t much by way of economic releases on Friday. UK public sector borrowing data showed that the budget deficit in February fell to £6.9 billion. There wasn’t any data released from the US either and the US dollar gradually ...
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Dollar back in favour after post FOMC sell-off

20/03/2015 | OzForex

United States Dollar: The dollar recaptured quite a bit of ground yesterday following the post FOMC sell-off. GBP/USD started the day at 1.4915 and finished the London session at 1.4690. This came despite the release of weaker than expected US economic data by way of the ...
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Dollar dumpped as Fed statement sounds dovish

19/03/2015 | OzForex

United States Dollar: It was a very active day in FX markets yesterday. The day started with the release of weaker than expected unemployment and a surprise set of weaker than expected average earnings figures. The unemployment rate fell to 5.7% vs. expectations for 5.6% and ...
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GBP/USD dragged lower again as markets await data, Budget and Fed statement

18/03/2015 | OzForex

United States Dollar: GBP/USD has fallen further over the last 24 hours and it opens this morning at 1.4735. There was no UK economic data of note yesterday and selling in the pair took its cue from bids in EUR/GBP. There’s also a bit of nervousness ahead of the ...
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