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Euro snaps lower after Draghi hints at June rate cut

09/05/2014 | OzForex

United States Dollar: As widely expected the Bank of England left monetary policy unchanged on Thursday. However, the economic indicators continue to show that the UK economy is well on the way to recovery. Although there may still be an ongoing debate among MPC members over the ...
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FX markets steady ahead of central bank announcements

08/05/2014 | OzForex

United States Dollar: There weren’t any attempts to bid GBP/USD higher through 1.70 yesterday. It opened the morning around 1.6980 and then proceeded to drift lower through the morning. It fell again in the afternoon as Fed Chair Janet Yellen testified before the Joint ...
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GBP/USD trades to 5+ year highs, just shy of 1.70

07/05/2014 | OzForex

United States Dollar: GBP/USD opens this morning close to multi-year highs. It traded to a high of 1.6996 yesterday as broad based USD selling ensued in the early morning. Furthermore, UK data was again impressive yesterday – Services PMI printed better than expected at ...
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USD sold off as London returns from long weekend

06/05/2014 | OzForex

United States Dollar: It was another quiet start to the week this week in FX markets. With it being a public holiday in the UK (or London) - the centre for foreign exchange - there was very little activity and not much by way of reaction to US data. Both US Final Services PMI ...
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Markets await US Non-Farm Payrolls

02/05/2014 | OzForex

United States Dollar: The pound traded to multi-year highs vs. the dollar yesterday after UK manufacturing data printed better than market expectations. The index for April came in at 57.3 vs. forecasts for 55.4, the highest PMI in five months and GBP/ USD climbed to 1.6921 on ...
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GBP/USD rallies

01/05/2014 | OzForex

United States Dollar: It was a steady start for GBP/USD yesterday and it traded a fairly narrow range during the morning. It then took off following the release of weaker than expected GDP data from the US. First quarter annualised growth printed at 0.1% vs. expectations for ...
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Euro under pressure following more soft inflation data

30/04/2014 | OzForex

United States Dollar: UK Q1 GDP printed weaker than market expectations yesterday at 0.8% vs. forecasts for 0.9%. GBP/USD fell to a low of 1.6792 immediately following the data release but found good buying support at this level as the print only just missed expectations (by ...
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UK GDP misses and GBP/USD falls back towards 1.68

29/04/2014 | OzForex

United States Dollar: The giant US pharmaceutical firm Pfizer confirmed its interest in a takeover bid for the British firm AstraZeneca yesterday, the deal said to be worth more than $100 billion. GBP/USD jumped to a high of 1.6855 on the news. It traded close to the 1.6850 for ...
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Markets await UK GDP tomorrow

28/04/2014 | OzForex

United States Dollar: Friday saw more good data from the UK with Retail Sales for March showing 0.1% growth m/m (exp -0.4%). The annual increase from March 2013 was 4.2 % with non-food stores showing the best improvement with an increase of 9.6% from a year earlier. The report ...
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GBP/USD steady ahead of Retail Sales

25/04/2014 | OzForex

United States Dollar: GBP/USD traded close to and either side of the 1.68 figure for much of the morning session yesterday. Come the afternoon it slumped to a low of 1.6766 following the release of stronger than expected US Durable Goods Orders. Orders rose by 2.6% in March vs. ...
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