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Reserve Bank of Australia cuts rates by 0.25% and AUD is sold off

02/10/2012 | OzForex

United States Dollar: There’s not been a lot of change in GBP/USD over the last 24 hours. It opens at very similar levels to this time yesterday. The pair was initially pressured lower following the release of weaker than expected Manufacturing PMI yesterday morning. The ...
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Risk off this morning as Greece and Spain remain in the headlines

01/10/2012 | OzForex

United States Dollar: The pound opens a little lower vs. the US dollar this morning but still within recent ranges. Risk is generally off in light of ongoing concerns about the European debt crisis as markets failed to take anything from the Spanish budget announcement last ...
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Spanish "Crisis Budget" leads to increased risk sentiment

28/09/2012 | OzForex

United States Dollar: Mixed data releases from the US and the UK combined with Spain outlining its budget for 2013, led to an increase in risk appetite and sent the greenback lower against most of the majors. Cable climbed to 1.6237 rising this morning to a 13 month high of ...
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Spanish budget is next focus for investors amid mass demos in Madrid

27/09/2012 | OzForex

United States Dollar: Steady as she goes for GBP/USD. It opens this morning at 1.6190 after having traded a range of 1.6140/1.6200 during the last 24 hours. All in all it’s been an extremely quiet last 24 hours of trading. The focus for investors has been on Europe and ...
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EUR/USD slides as political uncertainty and austerity protests in Spain weigh on risk

26/09/2012 | OzForex

United States Dollar: GBP/USD is slightly lower this morning and opens at 1.6160 but overall it’s been a steady last 24 hours. Weaker equity prices in New York supported good buying in USD and the currency strengthened late on yesterday against most other major currencies. ...
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Markets steady amid lack of any top tier economic data

25/09/2012 | OzForex

United States Dollar: It’s been a somewhat steady start for cable this week. There was no top tier data released yesterday and GBP/USD has just floated around the 1.6200 big figure for most of the past couple of trading sessions. Risk was off early yesterday morning, on ...
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Doubts over Greek fiscal deficit weighs on EUR/USD

24/09/2012 | OzForex

United States Dollar: Risk has come off in Asia and in early European trading as concerns grow for the state of Greek finances. An article in Der Spiegel, a German news source reported that Greece’s fiscal deficit was about €20 billion as the Troika (EC, ECB and IMF) ...
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GBP/USD bounces back above 1.6200 as fickle markets take on risk again

21/09/2012 | OzForex

United States Dollar: Cable sold off to a low 1.6165 yesterday morning post Chinese PMI risk selling. It has bounced back through the 1.6200 level since though and opens the morning at 1.6235. A good take up at a Spanish 10 year bond auction yesterday and perceived success for ...
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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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