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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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Euro remains well supported amidst growing chatter of Spanish bailout request

24/08/2012 | OzForex

United States Dollar: GBP/USD climbed to a near 3-month high of 1.5910 on Thursday as the USD sell off, prompted by the more dovish than expected FOMC minutes released on Wednesday evening, continued during early London trading. The pound’s momentum couldn’t be ...
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GBP/USD hits fresh 3-month highs as dovish FOMC minutes sink the USD

23/08/2012 | OzForex

United States Dollar: The FX market sprang into action during late afternoon trading on Wednesday as the surprisingly dovish FOMC minutes saw the USD sold off against most of its major counterparts. The line “many members judged that additional monetary accommodation would ...
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Euro bounces on renewed ECB bond-buying hopes

22/08/2012 | OzForex

United States Dollar: Despite weak UK public sector finance data and a soft CBI industrial trends survey GBP/USD rose to a 3-month high of 1.5804 yesterday. The catalyst for the move higher in cable was a rampant EUR/USD pair, with the single currency rallying hard on the back ...
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Investors await another quiet day of trading in FX

21/08/2012 | OzForex

United States Dollar: It was another quiet day of trading in the FX market on Monday with GBP/USD confined to a narrow 1.5685/1.5717 range. There was no economic data released from the UK on the day, so sterling took its cue from Eurozone related news and general market ...
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Range bound moves likely to persist in FX today

20/08/2012 | OzForex

United States Dollar: It was another range bound session for GBP/USD on Friday, with the pair trading between 1.5675-1.5727 as yet another fairly subdued day prevailed in the FX market. Tier 1 economic data was lacking from both the US and the UK on the day, although strong US ...
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Euro finishes the week strong as risk sentiment improves in thin trade

17/08/2012 | OzForex

United States Dollar: Cable was sold off as the Asian session finished yesterday morning with investors awaiting the release of UK Retail Sales data. The number then came in better than expected rising 0.3% in July vs. 0.0% forecast. GBP/USD gapped to 1.5710 on the news and then ...
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