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14/05/2013 | OzForex
United States Dollar
Most major crosses were relatively quiet yesterday, except those that included Sterling. Cable failed to hold above 1.5350 after surprisingly decent US retail sales number supported the greenback. Sterling was afforded some support by a CBI survey ...
13/05/2013 | OzForex
United States Dollar
US Dollar volatility looks set to continue this week, reinvigorating a market that was starting to look complacent and staid. As equity markets push higher and the quest for yield dominates financial markets and the allocation of capital, the week ...
10/05/2013 | OzForex
United States Dollar: Greenback gains across the board after domestic data. Early yesterday saw Pound rise against the US dollar as both manufacturing and industrial production rose more than economists forecast in March with cold weather boosting the demand for electricity and ...
09/05/2013 | OzForex
United States Dollar: US dollar loses ground on the Pound as risk sentiment changes. As I wrote yesterday’s commentary, we had already seen all of the UK data releases for Wednesday. This meant movement was based on data elsewhere and the Pound pushed higher against the ...
08/05/2013 | OzForex
United States Dollar: Sterling continues to fall against the Greenback. As data was thin on the ground yesterday cable traded most of the UK session within a 20–25 pip range. It was all change at 2:25pm however as US data showed red figures. First of the two showed that US ...
07/05/2013 | OzForex
United States Dollar: Cable maintains its gains, but is off the highs this morning. GBP/USD saw a quieter day yesterday as a bank holiday in the UK saw no domestic data releases and the US also saw no data worth mentioning. At around 6:30am cable traded at a Monday high of ...
06/05/2013 | OzForex
United States Dollar: The pound got a boost from better than expected UK Services PMI on Friday, yet another positive UK economic data release. The data showed that the UK service sector grew at its fastest rate in eight months in April; the index printed at 52.9 vs. ...
03/05/2013 | OzForex
United States Dollar: Cable movement remains within recent ranges. Thursday was kicked off with UK construction data, which showed a climb back towards growth. The figure remained below 50, which separates contraction and expansion, but came in greater than forecast and the ...
02/05/2013 | OzForex
United States Dollar: Sterling pushed, but failed to break 1.5600 versus the Greenback overnight. As mentioned in yesterday’s commentary, manufacturing data came in greater than the forecast figure. Despite showing contraction in production and new orders the figure did ...
01/05/2013 | OzForex
United States Dollar: US data helps cable push higher. Tuesday provided a lot of data for the market to swallow and there were some key releases in the UK and US. We started yesterday’s session with UK lending figures coming in as expected with mortgage approvals rising ...