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All eyes on ECB as inflation concerns continue

04/09/2014 | OzForex

United States Dollar: UK Services PMI printed better than market expectations on Wednesday morning and it was another positive reading hot off of the heals of strong Construction PMI on Tuesday – the index printed at 60.5 vs. expectations for 58.6. The data’s ...
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GBP suffers as YouGov poll shows growing support for Scottish independence

03/09/2014 | OzForex

United States Dollar: The pound kept on falling yesterday. Despite a solid UK Construction PMI reading which printed at 64.0 vs. expectations for 61.5, GBP/USD fell from 1.6571 to an overnight low of 1.6449. In fact, the construction data was the strongest in seven months ...
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GBP/USD settles lower ahead of Construction PMI

02/09/2014 | OzForex

United States Dollar: It was an interesting start to the week yesterday as GBP bounced higher. It was led higher by healthy sales in EUR/GBP. UK Manufacturing PMI was then released at 9:30am - the purchasing managers index registered its slowest growth rate since June 2013 ...
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Pound bounces across the board in whippy conditions

01/09/2014 | OzForex

United States Dollar: GBP/USD drifted lower on Friday although it did spike to a high of 1.6610 as the London session finished. It eventually fell to a low of 1.6564 very late on but has staged a rapid recovery in Asia to open this morning at 1.6630. It’s been a whippy ...
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Dollar slips ahead of key US economic data

28/08/2014 | OzForex

United States Dollar: Month end buying of GBP/USD saw the pair climb to a high of 1.6602 yesterday. There wasn’t any economic data to disrupt the move higher, either from the UK or the US and its held firm going in to the London session, opening this morning at 1.6595. ...
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NZD bounces on positive news from Fonterra

27/08/2014 | OzForex

United States Dollar: The US dollar strengthened yesterday after U.S. durable goods data jumped in July. Demand for these goods rose by 22.6% from the previous month and was the biggest rise on record. An increase in commercial aircraft demand was one of the biggest ...
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Euro sinks as Draghi vows to do more on inflation

26/08/2014 | OzForex

United States Dollar: It was a public holiday in the UK yesterday so trading in GBP/USD was fairly muted. The dollar did weaken on Friday afternoon though following Fed Chair Yellen’s speech at the Jackson Hole Symposium. There was somewhat of a follow through on ...
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Dollar settles lower ahead of key speech by Yellen

22/08/2014 | OzForex

United States Dollar: It’s been a volatile week this week for the pound but a bit of calm was restored yesterday. GBP/USD traded a fairly narrow range between 1.6575 and 1.6598. UK retail sales data was released yesterday morning and showed that sales grew in July at a ...
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Volatility at last as MPC and Fed minutes play their part

21/08/2014 | OzForex

United States Dollar: The pound recovered on Wednesday morning after MPC minutes showed that 2 members voted for a rise in UK interest rates at the last monetary policy meeting. Most MPC members found that there weren’t sufficient inflation pressures to justify hiking ...
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EUR/USD close to one year lows as dollar bids prevail ahead of FOMC minutes

20/08/2014 | OzForex

United States Dollar: GBP/USD slumped to 1.6602 overnight, this following the release of weaker than expected UK CPI inflation data yesterday morning. The index dropped from 1.9% to 1.6% y/y. A slight fall to 1.8% was expected so this bigger than expected move has seen the ...
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