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Euro sinks as a June rate cut looks increasingly likely

15/05/2014 | OzForex

United States Dollar: Wednesday’s UK employment and average earnings data was disappointing. Although the UK unemployment rate fell to 6.8%, the claimant count and average earnings data printed below expectations at -25.1K and 1.7% respectively. This quelled some growing ...
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Important day for the pound

14/05/2014 | OzForex

United States Dollar: GBP/USD fell to a low of 1.6822 on Tuesday, dragged lower by the sell-off in EUR/USD. There wasn’t much by way of UK economic data, but BoE Cunliffe was speaking. He didn’t say anything to take the market by surprise though - investors will be ...
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Consolidation persists in advance of tomorrow''s..

13/05/2014 | OzForex

United States Dollar: It’s been a slow and steady start to the week. GBP/USD was better bid through the afternoon and traded briefly above the 1.69 level. It came back off towards the end of the day and has continued to drift lower in Asia. There hasn’t been a great ...
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Steady start in FX markets

12/05/2014 | OzForex

United States Dollar: UK manufacturing production and trade balance data printed better than market expectations on Friday morning and the pound looked as though it would hold above 1.69 as a result. It didn’t – the USD strengthened through the mid-morning and ...
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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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