Market Info

View market info for:

Pound recovers after shock manufacturing data

09/07/2014 | OzForex

United States Dollar: Sterling slipped across the board yesterday as the latest Manufacturing Production figure undershot expectations by some distance. With the sector to expand by 0.4% compared to April the release showed an unexpected fall of -1.3%. The corresponding ...
read more

Markets Calm as Traders Look to FOMC Minutes

08/07/2014 | OzForex

United States Dollar: Yesterday was a quiet day on the FX markets in the absence of any top tier data releases. Cable dropped through the day on profit taking as investors speculated that sterling was over-bought. GBP/USD started the London session at 1.7145 and dropped to a low ...
read more

Quiet Start to Week as Markets Look to Wednesdays FOMC Minutes

07/07/2014 | OzForex

United States Dollar: Friday was relatively quiet in the financial markets with most Americans enjoying a long weekend due to the 4th July bank holiday. Thursday had seen a raft of positive data from the States with the monthly Non-Farms printing 288k for June and the ...
read more

EUR/USD Drops as NFP Beats Forecast

04/07/2014 | OzForex

United States Dollar: Yesterday morning saw the monthly services PMI reading from the UK slightly undershoot expectations coming out at 57.7. A reading above 58 had been forecast and although it was the lowest figure in three months it was still well in expansion territory. The ...
read more

Markets await Non-Farms and ECB Rate Decision

03/07/2014 | OzForex

United States Dollar: Sterling had another good 24 hours with yesterday’s monthly Construction PMI smashing forecasts printing 62.6 for June. This was much higher than the forecast of 59.7 and showed that employment growth in the industry was at its strongest since the ...
read more

Pound Surges After UK Construction PMI Beats Forecast

02/07/2014 | OzForex

United States Dollar: Sterling benefitted from yet more good data yesterday as the monthly Manufacturing PMI beat forecast. The report printed 57.5 (exp 56.7) up from 57 last month to reach its second highest reading in 40 months (the highest was last Novembers 57.8). The report ...
read more

GBP hits 6 year highs versus USD

01/07/2014 | OzForex

United States Dollar: GBP/USD continued its impressive run during Yesterday’s session following the news that both Net lending to individuals and Mortgage approvals rose in May. Opening around the 1.7020 level the pair gained nearly a cent to post 6 year highs of 1.7114. ...
read more

Month end flows could create volatility today

30/06/2014 | OzForex

United States Dollar: GBP/USD traded convincingly above 1.70 on Friday. Data wise, the UK current account printed weaker than expected at -£18.5 billion and Final GDP q/q came in at 0.8% - right on expectations. GBP/USD slipped a bit but it remained well supported above ...
read more

USD weakens after shocking GDP

26/06/2014 | OzForex

United States Dollar: GBP/USD has made a couple of attempts to break through the 1.70 level over the last 24 hours but has failed to make a convincing one. There was good buying support at 1.6950 yesterday morning, and those supportive bids saw the pair trade to a high of ...
read more

Carneys Comments Send Sterling Lower

25/06/2014 | OzForex

United States Dollar: Yesterday saw BoE Governor, Mark Carney, appear before the Treasury Select Committee at the House of Commons to discuss the UK economy and Mays quarterly Inflation Report. Pound-bulls hoping for more hints of an early rate rise akin to the one he gave ...
read more