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15/04/2013 | OzForex
United States Dollar: Dollar profit taking continued through Friday’s trading sessions until US retail sales came in at a disappointing -0.4% and the Reuters / Michigan consumer sentiment index came in below predicted levels. Starting at 1.5375, GBP/USD fell over the first ...
12/04/2013 | OzForex
United States Dollar: Yesterday was quite a poor day for the greenback as the dollar sell off reached a peak against its major currency pairs. Markets seem to have digested the numerous Federal Reserve member speeches, Chinese trade balance data and Bank of Japan’s ...
11/04/2013 | OzForex
United States Dollar: Consolidation was the word of the day yesterday as GBP/USD trading a flat range above the 1.53 level. Data was light on the ground for sterling so markets waited for the FOMC meeting minutes to be released before reacting. These were expected at after ...
10/04/2013 | OzForex
United States Dollar: Yesterday morning’s better than expected UK Industrial and Manufacturing production data pushed sterling dollar higher throughout yesterday’s trading. Industrial production showed a contraction of -2.2%, 0.5% better than expected, while ...
09/04/2013 | OzForex
United States Dollar: Yesterday saw a quiet day in terms of data releases for the greenback however that did not stop the dollar being sold off for most of the day. Sterling gained from a starting point of 1.52 and peaked up to 1.5350, the highest it has been for nearly 7 weeks. ...
08/04/2013 | OzForex
United States Dollar
Already on the back foot after a string of weaker than expected economic data releases, the dollar succumbed after very weak Non-Farm Payroll (NFP) figure on Friday, which sent EURUSD rallying over 1.30 and cable testing 1.5360.
05/04/2013 | OzForex
United States Dollar: GBP/USD started the day yesterday on the back foot as investors were cautious ahead of the Bank of England monetary policy announcement. Cable didn’t really react to better than expected UK services PMI released earlier in the morning; the index rose ...
04/04/2013 | OzForex
United States Dollar: GBP/USD initially fell yesterday following the release of weaker than expected UK Construction PMI data which came in at 47.2 in March vs. expectations for 47.7. Weaker US data was then released come the afternoon; ADP non-farm employment increased by ...
03/04/2013 | OzForex
United States Dollar: The pound fell yesterday in response to weaker than expected UK Manufacturing PMI. The index showed a contraction in Britain’s manufacturing sector for the second month in a row, printing at 48.3 vs. expectations for a reading of 48.9. GBP/USD fell ...
02/04/2013 | OzForex
United States Dollar: It’s been a very quiet last few days in the market. Most centres were closed on Friday and Monday, although US markets were open both days. Cable is ever so slightly higher on Thursday’s closing levels, in part a result of weakish US data ...