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  • Category Archives: Daily FX market news

    A little simple information on what is moving the markets

    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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    Slow UK News Day

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

    Good morning and welcome to a new week which starts with … no data out today for the UK. Despite this, William Hague’s aggressive comments yesterday regarding rising tensions between Britain and Russia made investors worry about potential damage to both economies. Later on in the week, we see British CPI and Retail Sales data Continue Reading

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