Archive for the ‘Banking’ Category

Currency Watch 30th September 2011

September 30, 2011
• US dollar and yen gain on global slowdown concerns
• Victory for Merkel in parlimentary vote could prove short lived for the euro
• Sterling catches a bid on SNB comment & UK consumer confidence data
• New Zealand loses its AAA status and as Kiwi gives up 3.5% on the pound
• Pimco Managers plan to dial back on risk


Read more… currency watch – 15th August

September 15, 2011

• Sterling at 8 month low vs dollar on UK growth, bank concerns
• Greek default still a Euro concern
• Dollar maintains chop, as Fed countdown continues
• Canadian dollar weakens to within one cent of parity against USD

Read More… currency watch – 14th September

September 14, 2011

• Euro rises from almost 10-month low as stocks post gains
• Merkel & Sarkozy to hold conference call on Greek debt problem
• BoE Policy maker Posen pushes for more QE as sterling weakens
• Key UK jobs data due this morning may send sterling lower
• Decent US data and risk aversion continues to rally US currency

Read More… currency watch – 9th September

September 9, 2011

• Trichet signals rate rises over for now to send euro lower
• BoE leaves rates and QE on hold which see’s sterling rally on  majors
• Obama announces $447bn plan to boost economy
• Dollar eases gains made on majors in wake of Obama speech
• China consumer prices ease to see Aussie and Kiwi dollars decline

Read More… currency watch – 8th September

September 8, 2011

• Sterling slips against euro, pressured by QE speculation
• Euro slumps on ECB rate outlook
• Dollar gains before Obama’s Job Speech
• Yuan Convertible by 2015: China to EU Chamber

Read More… currency watch – 5th September

September 5, 2011

• Euro slides against majors after Germany’s Merkel fails to sway voters
• Further pain ahead for single currency as Italy prepares to roll over €76bn
• Pound paints mixed picture as GBP/EUR rallies but cable slides
• UK high street suffers worst month for 2 years, sterling under pressure
• Asian equities under pressure as risk aversion kicks in to rally dollar

Read More… currency watch – 2nd September

September 2, 2011

• Sterling hits 3-week low vs dollar after ISM data
• ECB drop hawkish tone on slower growth, inflation
• US Payroll gains probably slowed in August
• Swiss franc, Yen advance as economists predict US job growth slowed

Read More… currency watch – 25th August

August 25, 2011

• Dollar rallies versus majors as gold falls and stocks rebound
• Fed Chairman may disappoint on QE3 at Jackson Hole which starts today
• Sterling takes a nosedive on dollar strength and weak UK economic data
• Euro rebounds vs sterling on economic data from the UK and Germany
• Gold drops more than 5% as global equities rally

Read More… currency watch – 24th August

August 24, 2011

• Sterling gains versus dollar, but lacks conviction
• Euro outlook remains bearish
• Bernanke unlikely to announce big new plans
• Yen gains as Noda’s action disappoints

Read More… currency watch – 23rd August

August 23, 2011

• Dollar falls after China manufacturing survey
• Pound holds firm despite OECD report showing UK lags behind leading economies
• Oil rallies and gold prints new record high above $1,900.00
• Fear in the market for an intervention from Bank of Japan

Read More…