FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
The US economy grew strongly at the end of last year. GDP grew by 3.2% in Q4, which together with 4.1% growth in Q3 makes the strongest half-year in a decade. Even though some elements of the data showed this growth would be unsustainable, the US dollar strengthened (perhaps some...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
As was widely expected, the Fed further reduced the pace of its asset purchases. The FOMC upgraded its assessment of economic activity and was more firm in its view that the drag from fiscal policy was diminishing. No mention was made of recent financial market volatility in its statement.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
At 7.00pm today we will have the Federal Reserve press conference in which they announce their decision on policy, such as interest rates and stimulus. The market is expecting (and has priced in) a $10bn reduction in the monthly stimulus package - this being referred to as tapering as they...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
US manufacturing, jobs and housing data painted a mixed picture of the US economy yesterday. The increase in home prices appears to be slowing, but jobless claims and existing home sales continue to show improvement.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
After surprisingly good figures from the UK labour market yesterday, GBP has just fallen off its 2 year high versus USD (1.6615) and 18 month high versus EUR.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
Today’s calendar is dominated by this mornings UK labour market data and the January Monetary Policy Committee meeting minutes.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
With the German ZEW survey being the only major data release today the market will be looking at tomorrow’s Bank of England minutes.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
Last weeks UK retail figures gave the market a real surprise with an unexpected rise in retail sales. As we start the new week GBP is still riding high on this news.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
The Dollar continues to strengthen against most currencies, supported by strong US data. Yesterday the Federal Reserve’s Beige Book confirmed the recent upturn in US economic activity, particularly in manufacturing and employment.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
With no major data releases scheduled today the focus will really be on USD and the events of the US session yesterday. A 0.7% rise in US retail sales (excluding vehicles) and a 0.4% rise in November business inventories, combined with an upward revision to October inventories led to some...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by admin
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