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Euro drops to an eleven year low as Syriza win Greek elections

26/01/2015 | OzForex

United States Dollar: The pound actually held up pretty well on Friday as the sell-off in EUR/USD weighed on most dollar cross rates. The fall-out from the ECB’s QE announcement and the threat of a Greek exit from the Eurozone in the lead up to the weekend’s ...
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ECB unveils €1.1T QE programme to save Eurozone

23/01/2015 | OzForex

United States Dollar: The dollar gained across the board yesterday as events from Frankfurt dominated the news, more to follow. Cable has dropped overnight to below 1.50 for the first time since July 2013 and currently trades at 1.4962. With most western economies having a ...
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ECB set to announce QE programme today

22/01/2015 | OzForex

United States Dollar: The pound snapped lower yesterday morning as the Bank of England MPC minutes showed that members voted unanimously to leave interest rates on hold, this after last months’ votes showed that two members had voted for a rate hike. Members Weale and ...
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Quiet start to week ahead of key ECB press conference

20/01/2015 | OzForex

United States Dollar: It was a quiet start to the week data-wise yesterday as Americans enjoyed a national holiday to celebrate Martin Luther King day. Cable started the London session around 1.5140 and drifted higher mirroring a slight strengthening in EUR/USD however the ...
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Fallout from SNB bombshell continues as ECB decision comes in to focus

19/01/2015 | OzForex

United States Dollar: Volatility and the fallout from the SNB news last week continued on Friday as EUR/CHF dropped from 1.0224 to a low of .9748. It has recovered to open this morning at 1.0030. The effects were felt in other currency pairs too as EUR/USD fell to an eleven ...
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Surprise SNB announcement sends shock waves through financial markets

16/01/2015 | OzForex

United States Dollar: News that the Swiss National Bank had abandoned its EUR/CHF floor at 1.20 dominated the financial market headlines yesterday. The central bank also announced that it was cutting interest rates on deposits to -0.75% and that it was moving the target range ...
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Core CPI numbers support Sterling

14/01/2015 | OzForex

United States Dollar: A volatile day for Sterling yesterday as official figures showed UK inflation fell to its lowest level since May 2000. Annualised Consumer Price Index for December fell to 0.5% vs 1% in November while monthly consumer prices were unchanged. Economists ...
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Commodity currencies slide as metal prices slump again

13/01/2015 | OzForex

United States Dollar: It was a relatively quiet day in FX yesterday. The dollar made some early gains and GBP/USD fell to a low of 1.5105. The pound was also dragged lower by news that a UK based pharmaceutical company had agreed a deal to buy a US competitor. There turned ...
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Dollar weakens as traders look beyond the solid US jobs report

12/01/2015 | OzForex

United States Dollar: The dollar has softened a little since Friday, this despite the release of a stronger than expected US jobs report. Non-Farm employment data showed that 252,000 jobs were added to the economy in December vs. expectations for 241,000. The dollar did ...
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Dollar index closes in on ten year highs

09/01/2015 | OzForex

United States Dollar: The greenback has continued to strengthen and the dollar index is trading at close to 10 year highs. GBP/USD fell to a low of 1.5034 yesterday as the pound felt the wrath of heavy demand for the buck. The pound is also suffering as but as a result of a ...
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