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GBP/USD trades through 1.6000 as weak US jobs numbers raises the prospect of QE3

10/09/2012 | OzForex

p>United States Dollar: Cable was well supported by better than expected UK PPI and manufacturing production data released on Friday morning. UK production rose 2.9% in July from June, the most in 25 years, owing in part to the extra public holiday taken for the Queen’s ...
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EUR rallies on ECB bond-buying plan

07/09/2012 | OzForex

United States Dollar: Thursday saw cable break to fresh 3-1/2 month highs of 1.5943 after tripping stops above 1.5920 as risky FX rallied higher alongside stocks in the wake of Draghi's press conference. As was widely expected the Bank of England kept rates and asset purchases ...
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ECB''s Draghi to take centre stage once more

06/09/2012 | OzForex

United States Dollar: Sterling rose to a 3-1/2 month high versus the US dollar yesterday, taking its cue from a buoyant euro which rose on hopes that the European Central Bank (ECB) will later today unveil a bond buying programme to cap Spanish and Italian borrowing costs. ...
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Strong UK services PMI sends GBP/USD back over 1.5900

05/09/2012 | OzForex

United States Dollar: GBP/USD rallied to a two-week high of 1.5910 yesterday as August UK services PMI data was inadvertently released 18 hours earlier than was officially scheduled, printing at 53.7 versus forecasts of 51.1 and subsequently posting its highest reading since ...
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US manufacturing data the focus today

04/09/2012 | OzForex

United States Dollar: Sterling rallied to a two-week high of 1.5906 versus the US dollar on Monday, with the UK currency buoyed by a much stronger than expected August manufacturing PMI survey which printed at 49.5 versus expectations of 46.0. Whilst the services PMI on ...
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GBP/USD trades close to 1.59 on better than expected UK manufacturing data

03/09/2012 | OzForex

United States Dollar: Cable traded to a high of 1.5896 on Friday as the USD was sold off in anticipation of Ben Bernanke's Jackson Hole speech. It's fair to say that there wasn't a great deal of new detail that the market could take away from the Fed Chairman's address, although ...
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Market cautiously awaits Bernanke

31/08/2012 | OzForex

United States Dollar: GBP/USD traded to a high of 1.5873 during early afternoon trading on Thursday but a well bid USD caused the pair fall back down through the 1.5800 handle to close the day just off its lows at 1.5785. The catalyst for the move lower in cable was the ...
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GBP/USD holds above 1.5800 ahead of Jackson Hole tomorrow

30/08/2012 | OzForex

United States Dollar: GBP/USD traded back over the 1.5800 handle onto a high of 1.5855 during early afternoon dealing on Wednesday. The pair couldn’t fully hold onto those gains however, ending the day around 1.5830 as the USD firmed up on the back of the upward revision ...
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Buoyant euro pushes GBP/EUR to 3-week low

29/08/2012 | OzForex

United States Dollar: GBP/USD continued to range trade on Tuesday, falling between 1.5767/1.5835. Given the lack of tier 1 economic data from both the UK and the US on the day it was hardly surprising to see such a lack of volatility in cable, with the pair taking its cue from ...
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Market focus on Friday''s Jackson Hole meeting

28/08/2012 | OzForex

United States Dollar: With many London traders away from their desks for the UK summer bank holiday it was a very quiet day in the FX market yesterday. GBP/USD traded in a tight 1.5791/1.5828 range in pretty directionless trade and the fact that there was no tier 1 US economic ...
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