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11/07/2013 | OzForex
United States Dollar: Cable on the rise as the FOMC meeting disappoints many or should I say Bernanke’s comments. During Wednesday’s session we saw little movement for cable ahead of the big US release at 19:00 with the currency pair on a slow rise from start of UK ...
10/07/2013 | OzForex
United States Dollar: UK data hurt cable during Tuesday’s session. The key release yesterday came from the UK and early, with manufacturing figures released at 9:30. An unexpected fall in May was seen, with factory output falling 0.8 % against an expected rise of 0.3 %. ...
09/07/2013 | OzForex
United States Dollar: Cable is on the rise ahead of this morning’s big release. Gradual gains were seen in Sterling versus the Greenback after jobs data on Friday brought the currency pair crashing lower. A low of 1.4860 was seen in the very early hours of Monday (00:30), ...
08/07/2013 | OzForex
United States Dollar: The Greenback opens this morning higher across the board. Sterling started Friday’s session on the back foot after Thursday’s comments from Carney, following the Bank of England interest rate and quantitative easing announcement. This saw the ...
05/07/2013 | OzForex
United States Dollar: The Bank of England kept interest rates and quantitative easing (QE) unchanged yesterday. In a surprise move, the central bank made a statement to accompany the decision, most probably as it was Carney’s first time chairing the MPC meeting and it ...
04/07/2013 | OzForex
United States Dollar: After making steady gains yesterday the USD has since turned and has lost ground. The move lower on Wednesday afternoon was in part a result of flows ahead of the US public holiday today. It came despite the release of better than expected US data including ...
03/07/2013 | OzForex
United States Dollar: The USD has firmed across the board in the last 24 hours as investors scramble to buy the big dollar ahead of the US public holiday on Thursday. With key announcements due tomorrow, including the BOE and ECB monetary policy announcements and it being the ...
02/07/2013 | OzForex
United States Dollar: The pound made solid gains vs. the USD yesterday supported by better than expected UK Manufacturing PMI, released that morning. The June index showed the UK experienced its strongest growth in the sector in more than two years, jumping to 52.5 from 51.5 in ...
28/06/2013 | OzForex
United States Dollar
Good data releases from the World’s largest economy yesterday afternoon provided the Greenback with further momentum to capitalise further on its recent gains against all major peers. Pending home sales posted the biggest inventory since ...
27/06/2013 | OzForex
United States Dollar
Sterling is trading lower this morning following the release of UK GDP data showing growth was only 0.3% in Q1. Sterling fell further as data suggested disposal income in the UK plunged by the most in 25 years in the first quarter. These falls follow ...