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05/04/2013 | OzForex
United States Dollar: GBP/USD started the day yesterday on the back foot as investors were cautious ahead of the Bank of England monetary policy announcement. Cable didn’t really react to better than expected UK services PMI released earlier in the morning; the index rose ...
04/04/2013 | OzForex
United States Dollar: GBP/USD initially fell yesterday following the release of weaker than expected UK Construction PMI data which came in at 47.2 in March vs. expectations for 47.7. Weaker US data was then released come the afternoon; ADP non-farm employment increased by ...
03/04/2013 | OzForex
United States Dollar: The pound fell yesterday in response to weaker than expected UK Manufacturing PMI. The index showed a contraction in Britain’s manufacturing sector for the second month in a row, printing at 48.3 vs. expectations for a reading of 48.9. GBP/USD fell ...
02/04/2013 | OzForex
United States Dollar: It’s been a very quiet last few days in the market. Most centres were closed on Friday and Monday, although US markets were open both days. Cable is ever so slightly higher on Thursday’s closing levels, in part a result of weakish US data ...
28/03/2013 | OzForex
United States Dollar: The pound fell first thing yesterday after data showed that the UK’s current account deficit rose to £14 billion in the fourth quarter vs. an expected deficit of £12.8 billion, the biggest recorded deficit since 1989. Final GDP, also ...
27/03/2013 | OzForex
United States Dollar: It’s been a quiet last 24 hours in the FX market. Cable has traded a range between 1.5135 and 1.5167 since early afternoon yesterday with investors seemingly taking a breather after the Cyprus deal came through over the weekend. Markets are now ...
26/03/2013 | OzForex
United States Dollar: The pound has been steady these last 24 hours as cable takes a back seat amid developments in Brussels and Cyprus. After trading up towards 1.5260 early on in the week GBP/USD has settled lower overnight and opens the London session at 1.5180. Markets have ...
25/03/2013 | OzForex
United States Dollar: The pound pushed through 1.5200 late on Friday shrugging off the news that Fitch, the ratings agency, had put the UK on negative outlook. Given that Moody’s has already acted to downgrade the country’s rating it came as no great surprise to ...
22/03/2013 | OzForex
United States Dollar
While short-term resistance levels remain intact for now, and other majors are marginally softer this morning, Sterling continues to push higher against the US Dollar. While the budget undermined sentiment – Mr Osborne was quoted yesterday ...
21/03/2013 | OzForex
United States Dollar
Cable did test upside resistance yesterday, but the move proved unsustainable and the pair is trading back where it started this morning – circa 1.5125. Cyprus took a backseat as headlines became dominated by the UK’s ...