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  • Category Archives: Daily FX market news

    A little simple information on what is moving the markets

    UK Economic Recovery On A Strong Footing

    This entry was posted in Daily FX market news and tagged , , , on by .

    Everything is looking marvellous and rosy in the UK at the moment as a survey from the British Chamber of Commerce showed yesterday. Export sales and orders in the services sectors beat their Q4 highs and 6 key manufacturing indicators, including employment expectations and domestic orders, hit all-time highs. Pay growth also accelerated to its Continue Reading

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    Jobs Day in The US

    This entry was posted in Daily FX market news on by .

    Todays is “Jobs Day” in the US as the eagerly awaited nonfarm payroll data and March unemployment data are published in the US. We are looking for a figure of 200,000 new nonfarm jobs created as opposed to last months 175,000 and unemployment down from 6.7% to 6.6%. We should probably not expect to see Continue Reading

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    D-Day for Draghi

    This entry was posted in Daily FX market news on by .

    So, today is the first of 2 days that the market has been waiting for; the ECB rate decision is released at 12:45 UK time prior to Mario Draghi’s press conference at 1.30. Then tomorrow we have the US Non-farm payroll data. Both of these announcements are of extreme importance, not just to their domestic Continue Reading

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    GBP Looking Good

    This entry was posted in Daily FX market news on by .

    GBP rose yesterday on the back of surprisingly strong retail sales for February as it appeared that the wet weather didn’t stop the Great British Public from spending their hard earned money on the high streets. We have GDP and Current Account figures out this morning and if these are positive then we could see Continue Reading

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    USD and Euro Both Weaken

    This entry was posted in Daily FX market news on by .

    GBP gained favourably against both the US Dollar and Euro yesterday. The Dollar weakened yesterday despite durable goods orders beating expectations due to core orders being weaker than expected. Allied with continued confrontation between the US and Russia and the Fed rejecting capital raising plans by several banks. Three US units of foreign banks failed Continue Reading

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