Market Info

View market info for:

AUD and NZD rally on labour report and RBNZ rate hike

13/03/2014 | OzForex

United States Dollar: GBP/USD slipped under 1.66 yesterday morning as the Bank of England’s Deputy Governor Charlie Bean told a local newspaper that he saw no urgency to raise the UK base rate. He went on to say that “when we do start to raise the rate it’s ...
read more

China weighs on risk

12/03/2014 | OzForex

United States Dollar: GBP/USD has traded a narrow range over the last 24 hours. The 1.66 figure has provided good support so far, there being good buying interest at this level following the release of better than expected UK manufacturing data released yesterday – output ...
read more

Markets await UK Inflation Report hearings

11/03/2014 | OzForex

United States Dollar: It was a relatively quiet start to the week yesterday with little in the way of top tier data to move the markets. In an interview in France, Philadelphia Fed President Charles Plosser indicated that there would be no increase or decrease in the pace of ...
read more

Tapering set to continue

10/03/2014 | OzForex

United States Dollar: Friday saw a better than expected Non-Farm Payrolls release from the States showing that 175k jobs were added in February. With the markets expecting a figure closer to 150k cable gapped 50 pips from 1.6775 to 1.6725 immediately on release. With the two ...
read more

Euro rallies as Draghi fails to take action

07/03/2014 | OzForex

United States Dollar: As expected the Bank of England left interest rates and QE unchanged yesterday. GBP jumped to 1.6739 on the announcement that the central bank will reinvest the £8.1bn principal from its maturing March 2014 gilt. It came back off almost as quickly but ...
read more

Second-guessing the ECB likely to make for a volatile afternoon

06/03/2014 | OzForex

United States Dollar: GBP/USD rallied back above 1.67 yesterday. UK Services PMI printed in line with expectations at 58.2, another strong reading and particularly impressive given the recent spate of bad weather in the UK. There was no initial reaction to the data but it was a ...
read more

Markets cautious ahead of ECB announcement and geopolitical tensions

05/03/2014 | OzForex

United States Dollar: The Ukraine situation has remained in focus over the last 24 hours. News yesterday morning that Putin had ordered his troops to return from the borders to their military bases provided some good support to risk and both GBP and EUR pushed higher against the ...
read more

Russia/Ukraine tensions remain in focus for currency markets

04/03/2014 | OzForex

United States Dollar: The events in Russia/Ukraine continue to dominate the headlines but the impact on financial markets remains fairly limited. The latest is that Putin has ordered Russian troops on the Ukrainian borders to return to their military bases, which in turn has ...
read more

Markets look to Draghi Testimony for Clues on Possible Rate Cut

03/03/2014 | OzForex

United States Dollar: Events in Ukraine continue to dominate the news with Russia’s annexing of Crimea drawing condemnation from around the world. Despite this GBP/USD remains surprisingly resilient with recent soft data from America countering the gains the Greenback ...
read more

Markets await Eurozone CPI and US GDP

28/02/2014 | OzForex

United States Dollar: Yesterday morning saw cable slide from 1.6675 in early trading down to a low of 1.6615 as we headed towards lunch. Instability in Ukraine was to blame for the fall as ongoing tensions with Russia lead investors to seek the safety of the Greenback. With a ...
read more