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Risk off as a result of weaker than expected Chinese PMI

20/09/2012 | OzForex

United States Dollar: Risk has come off in the last 12/24 hours following the release of weaker than expected Chinese flash September manufacturing PMI which printed at 47.8 overnight, although this was up on the previous months reading of 47.6. The HSBC survey contracted for ...
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Risk sentiment still positive but ranges remain narrow in GBP/USD

19/09/2012 | OzForex

United States Dollar: UK CPI printed at 2.5% y/y yesterday in line with expectations and GBP/USD was unmoved. The pair opens the morning at 1.6265. Risk sentiment remains positive meanwhile, supported in part by the Bank of Japan announcing overnight that they will be increasing ...
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GBP/USD closing in on break of April high of 1.6304

18/09/2012 | OzForex

United States Dollar: GBP/USD has continued to grind higher over the last 24 hours and it eventually traded to a high of 1.6273 yesterday. It has dropped off slightly this morning and opens today at 1.6230. The main data release yesterday was the US Empire State Manufacturing ...
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Risk remains on after Fed QE3 decision last week - GBP/USD holds on to 1.6200

17/09/2012 | OzForex

United States Dollar: The USD remains weak vs. the pound this morning owing in large part, if not exclusively to the Fed decision last week to increase QE. Investors have been buying risk despite the release of weaker than expected US data on Friday including Prelim Consumer ...
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FOMC delivers QE3 and GBP/USD closes in on break of 1.6200

14/09/2012 | OzForex

United States Dollar: The FOMC did not fail to deliver yesterday evening. The Fed announced that it will purchase $40 billion of open ended mortgage-backed securities per month and on a side note they left the Fed Funds rate on hold at 0.50%. This comes in addition to continuing ...
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Risk on following German vote on ESM and Dutch elections. FOMC now in focus.

13/09/2012 | OzForex

United States Dollar: Risk is back on following the German high court decision yesterday to vote in favour of participating in the European Stability Mechanism. This comes not long after the ECB announced last week that it plans to buy unlimited short-term government bonds. It ...
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USD selling pushes GBP/USD towards 1.6100

12/09/2012 | OzForex

United States Dollar: The USD was weaker across the board on Tuesday, a consequence of investors positioning themselves ahead of tomorrow’s FOMC decision and an update from the ratings agency Moody’s who said that it would consider slashing the US rating if the ...
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GBP/USD consolidates around 1.6000 ahead of raft of risk events

11/09/2012 | OzForex

United States Dollar: GBP/USD has consolidated over the last 24 hours. It has traded a range between 1.5965 and 1.6025 and opens this morning towards the top end at 1.6020. Investors are hesitant to do much right now in advance of a host of upcoming risk events including ...
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GBP/USD trades through 1.6000 as weak US jobs numbers raises the prospect of QE3

10/09/2012 | OzForex

p>United States Dollar: Cable was well supported by better than expected UK PPI and manufacturing production data released on Friday morning. UK production rose 2.9% in July from June, the most in 25 years, owing in part to the extra public holiday taken for the Queen’s ...
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EUR rallies on ECB bond-buying plan

07/09/2012 | OzForex

United States Dollar: Thursday saw cable break to fresh 3-1/2 month highs of 1.5943 after tripping stops above 1.5920 as risky FX rallied higher alongside stocks in the wake of Draghi's press conference. As was widely expected the Bank of England kept rates and asset purchases ...
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