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G7 fails to ease tension…

13/02/2013 | OzForex

United States Dollar: GBPUSD has now fallen around 5% from the high reached in January. Another volatile day on the currency markets yesterday saw cable test 6-month-lows. Little suggests this trend is going to end soon, though we do hope today will bring a little clarity as the ...
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Sterling under pressure as inflation report looms...

12/02/2013 | OzForex

United States Dollar: Cable fell sharply yesterday as market focus shifted back to the weakness of the UK’s economy and possible easing measures in the near future. GBPUSD starts today back at 1.5650 after falling 160pips from yesterday’s high. With no major data for ...
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Euro soft ahead of key meetings

11/02/2013 | OzForex

United States Dollar: After a dreadful start to February, cable actually outperformed last week closing up 1-cent on Monday’s open. Friday saw the pair test as high as 1.5850 before falling back to 1.580 later in the day. Better than expected US trade balance figures ...
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Words Draghi the Euro lower….

08/02/2013 | OzForex

United States Dollar: We expected cable to keep us busy yesterday and weren’t disappointed. Prices moved wildly as the market digested a plethora of information throughout the day: UK manufacturing production more-than-doubled forecasts yesterday. A solid 1.6% gain in ...
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Markets steady ahead of an action-packed day

07/02/2013 | OzForex

United States Dollar: Cable experienced sideways trading yesterday as markets found their feet and positioned ahead of today. Markets appeared to have had their fun on Friday/Monday, positioned on Tuesday, and tread water on Wednesday ahead of key central bank meetings today. ...
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Markets position ahead of key central bank meetings tomorrow

06/02/2013 | OzForex

United States Dollar: With the benefit of hindsight, yesterday morning now felt like the eye of a storm. After heavy selling on Monday, early trends on Tuesday suggested Cable was going to stage a slight recovery before entering a phase of consolidation. A solid Services PMI ...
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What a difference a day makes

05/02/2013 | OzForex

United States Dollar: Profit taking and risk trends were the major themes driving GBPUSD yesterday. Stock markets posted heavy losses and developments in the EU saw risk appetite wane during the day. Cable managed to avoid a serious test of the January-low support levels, ...
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Sterling back under pressure on Friday, testing lows

04/02/2013 | OzForex

United States Dollar: Cable’s initial rally during the early-European session on Friday was quickly overshadowed by heavy selling into the weekend close. Reaction to a slightly disappointing UK Manufacturing release was initially muted, but then triple-dip and triple-A ...
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GBP/USD finishes the week strongly and now threatens a break of 1.5900

01/02/2013 | OzForex

United States Dollar: Month end dollar selling and continued mild profit taking in short GBP positions that had built up earlier in the week/late last week has meant cable has pushed higher over the last 24 hours. It is threatening a break of 1.5900 this morning as it trades at ...
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Short squeeze continues in GBP/USD as it breaks higher through 1.5800

31/01/2013 | OzForex

United States Dollar: The short squeeze continued in GBP/USD yesterday/overnight and cable has popped its head through 1.5800. It opens this morning at 1.5820 having already traded to a high of 1.5825. It was a heavy day yesterday for data and risk events but it didn’t ...
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