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FOMC minutes deliver few surprises with September taper still on

22/08/2013 | OzForex

United States Dollar: There wasn’t a great deal of surprise following last night’s FOMC minutes. Although not giving an exact date, the tone of the minutes indicated that the Fed was still likely to taper its quantitative easing programme in September. The minutes ...
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Euro volatile ahead of today''s FOMC Minutes

21/08/2013 | OzForex

United States Dollar: Cable has continued to trade a narrow range. The low yesterday was 1.5630 and the high was 1.5687. It opens the London session close to the middle at 1.5660. There was no data released yesterday from either side of the Pond, which was partly why the pair ...
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AUD and NZD both drop after central bank comments

20/08/2013 | OzForex

United States Dollar: GBP/USD has traded a very narrow range since the start of the week, between 1.5630 and 1.5670. The economic calendar has so far been sparse and Northern Hemisphere markets are slumbering during their summer holidays. There’s also an element of caution ...
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GBP remains firm in quiet start to the week

19/08/2013 | OzForex

United States Dollar: The pound has maintained its firmer tone and trades at 1.5630 currently. There was no UK data released on Friday and GBP/USD finished the week on a quiet note. It was supported by better than expected UK retail sales data on Thursday last week and ...
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Pound trades to 2 month highs vs. the US dollar

16/08/2013 | OzForex

United States Dollar: The pound continued its push higher yesterday, supported by better than expected UK retail sales figures. Investors are steadily bringing forward their expectations for a rate hike by the Bank of England based on news like this; British retail sales rose at ...
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GBP/USD opens above 1.55 after employment data and MPC vote

15/08/2013 | OzForex

United States Dollar: The pound rallied yesterday morning following the release of the Bank of England MPC minutes and better than expected employment data. Both announcements were made at the same time. Although the unemployment rate remains at 7.8%, the figures showed that ...
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USD remains firm before BOE Minutes

14/08/2013 | OzForex

United States Dollar: US treasury yields had a storming day yesterday and approached a two-year high. Mildly positive global data was supportive (including US retail sales) whilst talk about possible Fed tapering has continued. Atlanta Fed’s Lockhart didn’t rule ...
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Calm before the storm as MPC minutes loom

13/08/2013 | OzForex

United States Dollar: It was another lacklustre day yesterday in FX markets. With many traders/investors away on summer holidays and those left at their desks perhaps a little exhausted after the volatility and activity in the FX market last week, not much happened. The USD has ...
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Markets struggle to get out of bed in quiet start

12/08/2013 | OzForex

United States Dollar: Cable has drifted lower since Friday morning. It started the day above 1.55 last week but has retreated since to open this morning’s session at 1.5475. There wasn’t any economic data released on Friday, worth mentioning anyway, and profit takers ...
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GBP tests 2 month highs vs. the US dollar as Carney''s positive tone continues to resonate

09/08/2013 | OzForex

United States Dollar: Cable has continued to find good support after the Quarterly Inflation Report on Wednesday. Governor Carney’s upbeat tone and improved forecasts for UK growth has helped GBP/USD trade up convincingly through 1.55 in the last 12/24 hours. Stop loss ...
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