Market Info

View market info for:

Good support at 1.5800 in GBP/USD as markets await GDP data tomorrow

24/01/2013 | OzForex

United States Dollar: Cable came close to falling below 1.5800 yesterday morning. It eventually fell to a low of 1.5802 before bouncing on the back of PM Cameron’s speech on the UK’s involvement in the EU at which he declared a referendum vote would be held on ...
read more

Pound under pressure again ahead of MPC minutes

23/01/2013 | OzForex

United States Dollar: The pound is back under pressure this morning. It fell to a low of 1.5810 vs. the US dollar yesterday morning after BaFin, the German Federal Financial Supervisory Authority, asked German banks including Deutsche bank to assess the impact of splitting their ...
read more

Markets steady after US public holiday and lack of data

22/01/2013 | OzForex

United States Dollar: GBP/USD barely moved yesterday trading within a 40 point range for most of the day. There was no UK economic data and it was Martin Luther King Day in the US. With the outlook for the UK economy growing increasingly grim last week (and early this week) ...
read more

GBP comes under yet more pressure amid fears for a triple-dip recession

21/01/2013 | OzForex

United States Dollar: GBP/USD was sold heavily on Friday or rather Friday afternoon as support levels were taken out at 1.5950. The pair eventually traded to a low of 1.5838 as the negative outlook on the UK economy intensified throughout the day and week. More specifically ...
read more

GBP under further selling pressure against both the USD and EUR

18/01/2013 | OzForex

United States Dollar: Weakness in the pound has continued over the last 24 hours. GBP/USD traded to a low of 1.5956 yesterday and opens the morning below the 1.6000 level at 1.5982. Concerns for the outlook of the UK economy continue to deepen. Also what we are seeing at the ...
read more

GBP/USD slips below 1.6000 as investors become increasingly bearish on GBP

17/01/2013 | OzForex

United States Dollar: The pound came under heavy selling pressure yesterday. GBP/USD fell through 1.6000 to a low of 1.5975, this coming as investor’s continue to fret over the potential for the UK to lose its triple ‘A’ rating and the associated effects on its ...
read more

Euro loses ground following comments by Eurogroup President Juncker

16/01/2013 | OzForex

United States Dollar: Good support remains a 1.6000 in GBP/USD. The pair chopped about yesterday within a range of 1.6035/1.6100. It opens this morning at 1.6035 under pressure again as threats to the UK’s credit rating gradually increase, these latest threats coming from ...
read more

EUR/GBP continues to grind higher as traders shrug off weak EZ industrial production

15/01/2013 | OzForex

United States Dollar: GBP/USD slipped below 1.6100 yesterday and took out a few stops on its way to a low of 1.6040. There was no UK economic data released yesterday morning and the move lower can’t be put down to any one thing in particular. Improving global risk ...
read more

Euro continues to push higher as markets await Bernanke''s speech

14/01/2013 | OzForex

United States Dollar: GBP/USD tracked EUR/USD higher on Thursday and remained well supported on Friday morning. UK industrial and manufacturing production data then printed weaker than forecast come 9:30 am at -0.3% and 0.3% respectively vs. expectations for 0.5% and 0.8%. ...
read more

EUR/USD rallies two big figures after ECB press conference yesterday

11/01/2013 | OzForex

United States Dollar: As expected yesterday the Bank of England left monetary policy unchanged. Cable didn’t react to the announcement but soon caught a bid on the back of the ECB press conference, following the central bank’s announcement on interest rates. ECB ...
read more