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USD sold heavily as global growth fears persist

16/10/2014 | OzForex

United States Dollar: GBP/USD - The dollar's gains came to an end yesterday as a fall in the UKs unemployment rate coupled with lower than expected US Producer Price Index, Retail Sales and NY Empire State Manufacturing Index saw dollar sold off. The day started with Sterling ...
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GBP falls as UK CPI hits a 5 year low

15/10/2014 | OzForex

United States Dollar: Sterling was given its marching orders yesterday as annualised UK CPI numbers fell to the lowest level for 5 years. GBP/USD started the day at 1.6050 having traded down overnight as the USD regained some support, however, shortly after opening the Office ...
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Focus today on UK CPI numbers

14/10/2014 | OzForex

United States Dollar: Following the USD sell-off during overnight Asia trading, where GBP/USD peaked up to 1.6125, the pound spent much of Monday reversing its fortunes before finally finding support around the 1.6050 level. With the Columbus Day bank holiday and the lack of ...
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Risk off as Eurozone fears dent global growth forecasts

13/10/2014 | OzForex

United States Dollar: GBP/USD remained on the back foot for much of Friday as continuing growth fears in the Eurozone and its knock-on effects for the global economy hit risk appetites. Sterling opened the day having lost 0.6 of a cent overnight against the safe haven dollar ...
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Improved US employment figures help USD gain back some ground

10/10/2014 | OzForex

United States Dollar: GBP/USD looked to be continuing its gains from the previous day as the safe haven dollar remained weaker following Wednesdays FOMC minutes, but better than expected US Initial and Continuing Jobless claims saw Sterling gap lower. Starting the day around ...
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Dovish FOMC minutes sees USD fall across the board

09/10/2014 | OzForex

United States Dollar: GBP/USD unwound some of the previous day's gains before surging on the back of the evenings FOMC minutes. Sterling started the day having lost some overnight ground against the Greenback but Septembers MoM UK Halifax house price index print of +0.6%, vs ...
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Markets look towards US FOMC minutes for todays direction

08/10/2014 | OzForex

United States Dollar: GBP/USD saw higher volatility through yesterday sessions as UK Industrial and Manufacturing data saw the pair seesaw through the morning before levelling off in the afternoon. The pair had opened holding 1.6085 however the Year on Year industrial ...
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USD broadly weaker ahead of tomorrow’s FOMC minutes

07/10/2014 | OzForex

United States Dollar: GBP/USD pulled back some ground yesterday following Fridays' strong US jobs data and weaker than expected UK service sector PMI figures. The morning session saw the pair trading a tight range between 1.5970 and 1.5995 before gaining above 1.60. With ...
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Strong US jobs report sees GBP/USD fall below 1.60

06/10/2014 | OzForex

United States Dollar: GBP/USD continued to fall on Friday morning. Weaker than expected Services PMI capped off a bad week for the pound with the index printing at 58.7 vs. expectations for 59.1. The pair fell from 1.6101 to a low of 1.6070 in advance of the main event that ...
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Pound drifts lower as rate hike doubts set in

03/10/2014 | OzForex

United States Dollar: Cable has fallen over the last 24 hours. There’s been a general feeling developing over the last few days that the Bank of England might not actually be set to hike interest rates early next year. It’s a feeling that has been underlined by ...
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