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Sterling gains continue as UK posts positive PMI Construction data....

04/06/2013 | OzForex

United States Dollar: Sterling continued its early gains against the Greenback as speculation that UK PMI Manufacturing data would show manufacturing expanded for the first time in four months in May proved right. Early trading saw Sterling rise ¾ of a cent on the news ...
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Sterling gains after positive UK PMI Manufacturing data....

03/06/2013 | OzForex

United States Dollar: A mixed bag for GBP/USD volatility on Friday. Sterling started the day at 1.520 before markets focused on an unexpected fall in UK Mortgage Approvals, pushing the pair to below 1.5150 throughout the morning session. The afternoon was then greeted with a ...
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Dollar stutters as growth data misses estimates...

31/05/2013 | OzForex

United States Dollar The dollar stuttered and lost ground against most major yesterday. The declines came as US GDP missed expectations to post at 2.4% in Q1 against expectations of 2.5%. Other key US data was also disappointing and the market turned decidedly ...
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Sterling rally continues

30/05/2013 | OzForex

United States Dollar: Sterling has continued to rise for a second day against the Greenback after a report showed UK house prices increased at their highest rate for 18 months. Yesterday’s early trading seemed to be heading towards the previous resistance level of 1.50; ...
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Sterling finds support ahead of German CPI data

29/05/2013 | OzForex

United States Dollar: GBP/USD showed a brief pick up during yesterday morning’s session as expectations grew that the Bank of England could slowly start moving away from its easing cycle plus figures due to be released would show higher UK home prices. Starting at 1.5085, ...
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Dollar firmer as the UK and USA return from extended weekend…

28/05/2013 | OzForex

United States Dollar The UK and USA were enjoying public holiday’s yesterday. This meant two things; 1. It was a relative non-day as markets were quiet, and 2. We don’t know yet whether the last two weeks have just been short-term ‘noise’ or the ...
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Sterling set for another weekly decline against the Euro...

24/05/2013 | OzForex

United States Dollar Early trading was dominated by risk aversion yesterday. The charge was led by comments from the FED and Bernanke the day before, while disappointing Chinese Manufacturing data added to the move. Tokyo temporarily suspended bond trading as volatility ...
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Nikkei plunges 7% as markets retreat...

23/05/2013 | OzForex

United States Dollar Sterling came under pressure yesterday as markets reacted to poor UK releases. Cable dropped 1% on the day to test as low as 1.50322, but has retraced a little this morning as profits are locked-in and the traders await further ...
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Central Banks take centre-stage as Sterling/Euro plummets…

22/05/2013 | OzForex

United States Dollar As house prices rise, stock markets rally, commodity price remain relatively high, and QE has flooded markets with cash, inflation is falling faster than expected in the UK. Sterling was sold sharply as markets reacted to the data with cable dropping ...
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King upbeat on the UK economy while the FTSE100 reaches 13 year high...

21/05/2013 | OzForex

United States Dollar Consolidation was yesterday's theme. With very little data released, all majors trod water ahead of what is expected to be an otherwise very busy week.  The Dollar was a little softer, which was inevitable given the gains made last ...
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