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Better than expected Chinese PMI sees USD open broadly weaker

22/11/2012 | OzForex

United States Dollar: Risk, a fickle thing, is back on this morning. This comes post ‘no deal on Greece’ risk selling earlier in the week. The release of better than expected Chinese PMI overnight has underpinned the move higher in Asia. The index came in at 50.4 in ...
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Risk off as Euro group fails to agree a deal for Greece

21/11/2012 | OzForex

United States Dollar: The USD is stronger this morning after risk came off overnight. This has come after EU finance ministers/ECB officials and IMF officials failed to agree on a deal for Greece. The German Finance Minister Wolfgang Schaeuble said that complicated choices ...
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Moody''s downgrades French sovereign debt but EUR/USD holds up well in advance of Euro group meetings

20/11/2012 | OzForex

United States Dollar: GBP/USD barely moved yesterday and traded a 1.5890/1.5920 range. There’s been no UK data to report on over the last 24 hours either and that won’t change today. Commodity currencies have done will overnight as risk sentiment has improved, ...
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USD opens lower as markets hope for details of Greek aid package to be finalised

19/11/2012 | OzForex

United States Dollar: After falling close to the 1.5800 level towards the end of last week we’ve witnessed a bit of a short squeeze in GBP/USD overnight and early this morning. It’s back up through 1.5900 this morning, although only just and after trading to a high ...
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FX markets subdued as GBP/USD remains under 1.5900 after more weak data

16/11/2012 | OzForex

United States Dollar: GBP/USD remains under 1.5900 this morning and has traded a relatively flat range over the last 24 hours. UK retail sales for October printed below forecast yesterday at -0.8% vs. -0.1% which capped the local unit. This weak data came hot on the heels of ...
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Downgrade of BoE growth forecast sees GBP/USD open lower

15/11/2012 | OzForex

United States Dollar: The pound came under selling pressure yesterday after the release of the Bank of England Inflation Report. The central banks'' growth forecast was downgraded for next year to approximately 1% whilst Mervyn King also said that output was likely to remain ...
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BOE Inflation Report the focus this morning following upside surprise to CPI released yesterday

14/11/2012 | OzForex

United States Dollar: GBP/USD broke back higher through 1.5900 up to 1.5915 following the higher than expected inflation reading yesterday. UK CPI rose 2.7% from a year earlier in October, up from 2.2% in September and above forecasts for 2.3%. This came on the eve of the Bank ...
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Disagreement over Greece weighs on the euro as Euro Group meetings continue

13/11/2012 | OzForex

United States Dollar: GBP/USD has steadily lost ground over the last 24 hours. After briefly pushing through 1.5900 yesterday morning it ended up falling to a low of 1.5859 overnight. In general though it was a slow day yesterday, made slower by the fact it was a public holiday ...
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BOE to hand over gilt interest payments to pay down UK national debt

12/11/2012 | OzForex

United States Dollar: The pound has fallen vs. the dollar since Friday following news that the Bank of England will hand over gilt interest payments amassed from its QE program in order to pay down the national debt by £35 billion over the next 18 months. This in turn ...
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GBP/USD trades either side of 1.6000 as BOE and ECB fail to surprise

09/11/2012 | OzForex

United States Dollar: Cable fell to a low of 1.5930 yesterday as risk continued to look heavy. Come midday though GBP/USD bounced modestly following the Bank of England’s announcement that it would be leaving interest rates on hold at 0.5% and its QE program unchanged at ...
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