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FX markets steady ahead of Bank of England MPC minutes

22/04/2015 | OzForex

United States Dollar: It’s been a fairly quiet week this week in FX markets. GBP/USD pushed up through 1.49 yesterday afternoon and reached a high of 1.4970 - it opens close to this level this morning at 1.4965. Bank of England MPC minutes are due today – ...
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Grexit fears dominate the news

20/04/2015 | OzForex

United States Dollar: Last week ended with GBP/USD briefly getting above 1.50 for the first time since early March as UK unemployment dropped to 5.6% its lowest level since September 20008. The accompanying wage growth data was broadly in line with expectations which showed ...
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GBP/USD pops through 1.50 as the dollar continues to fall

17/04/2015 | OzForex

United States Dollar: The US dollar was sold off again yesterday owing to yet more weak U.S. data. Building Permits rose less than forecast in March and housing starts climbed only 2% to 926,000. Weekly unemployment claims also increased by more than expected. There were ...
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Aussie rises after strong jobs data

16/04/2015 | OzForex

United States Dollar: The recent soft data from the States continued yesterday with the latest set of numbers undershooting target leading to another sell-off of the Greenback. After worse than expected Retail Sales figures on Tuesday, yesterday’s Empire State ...
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Greenback knocked lower as retail sales data dissapoints

15/04/2015 | OzForex

United States Dollar: Data released yesterday showed that UK CPI remained unchanged at 0% y/y. However the core reading unexpectedly dropped from 1.2% to 1%. Sterling was sold off on the back of the release as the report showed the first Feb-March fall in prices of clothing ...
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Markets await UK inflation data

14/04/2015 | OzForex

United States Dollar: The markets will be looking to this morning’s Inflation data from the UK for the first possible dip into negative territory since 1960. CPI currently sits at 0.0% and should it go negative then expect to see GBP/USD drop towards the five year low of ...
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AUD and NZD knocked lower as Chinese trade data disappoints

13/04/2015 | OzForex

United States Dollar: GBP/USD fell again on Friday. It dropped below 1.46 as UK Industrial Production data for February printed weaker than expected, rising only 0.1% vs. forecasts for 0.3%. Election jitters also contributed to the move lower and these jitters continue to ...
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Dollar continues to strengthen post FOMC minutes

10/04/2015 | OzForex

United States Dollar: GBP/USD has fallen throughout the last 24 hours. It was knocked lower early on Thursday morning following the release of weaker than expected UK trade data. This data showed that Britain’s trade deficit widened to a seven month high in February to ...
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Dollar firmer as FOMC minutes show an even split over lift off

09/04/2015 | OzForex

United States Dollar: GBP/USD popped higher yesterday as news hit the headlines that Royal Dutch Shell said that it had agreed to buy BG Group - the UK’s third largest energy company - in a deal said to be worth £47 billion. Cable traded to a high of 1.4965, ...
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UK Services PMI beats forecast

08/04/2015 | OzForex

United States Dollar: There was good news from the UK yesterday as the monthly Markit/CIPS UK Services PMI posted the best reading since September last year coming in at 58.9. The figure was up from Februarys 56.7 and stronger than the expected 57.1. The survey predicts 2015 ...
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