Tag Archives: EUR/GBP
HUF and puff: blowing down the Eurozone house?
“The French don’t even have a word for entrepreneur” – George W. Bush Yesterday’s French Bond auctions (predominantly in the 10 and 30 year maturity), while blamed for the sell-off in the EUR, were in fact not as bad, at least in demand terms as the German auction the previous day (or indeed the failed […]
UK M4 figures imply further Quantitative Easing
A quiet start to the year in the UK, both politically and economically, with no bold headlines screaming for attention, but hidden amongst a first week of relatively strong UK data, (all the three Purchasing Managers Indices – for Manufacturing, Construction and, most importantly, Services – came out slightly stronger than expected), were some ominous, […]
UK consumer derailed by cost of living increases
The UK consumer is starting the new year with petrol prices marching toward record highs, public austerity, and now a massive train fare increase. Shield your eyes ahead of the onrushing data.
Fresh out of the gates, the jockeying begins!
Happy New year and welcome to 2012! As punters slowly return to their desks (your scribe included) the best way to perhaps describe this market currently is to liken it to the beginning of a horse race. As with any such race, once the steeds are sprung from the starting gates, jockeys do their best […]
GBP Analysis
Closed in NY at $1.5622, the rate having settled between $1.5590/1.5646 after marking lows at $1.5580. Despite the pullback GBP enjoyed an underlying buoyant tone, aided by EUR/GBP squeezing down to NY session lows of stg0.8264, with rate managing to hold for the most part above $1.5600 into the NY close.
EURUSD rally – now you see it, now you don’t
Yesterday’s EURUSD rally revealed that Euro shorts are rather heavy, but the on-going story continues to make it tough for the single currency to maintain any upside traction. EURGBP has hit a fresh 15-month low.
Market Analysis
EUR/USD barriers are back in focus as the pair continues to head lower. A break of the recent 1.2858 low could easily see the pair accelerate losses and the downward move to gather momentum, which would put reported barriers at 1.2850 under threat.
Market Analysis
EUR/USD – Low print was $1.2944 in small, $1.29448 in regular, a trader confirms, and pair has rebounded to $1.2960 as some see that dip as a buy opportunity, at least short-term. Bids eyed at 41.2900/10 area, just under the Monday lows seen in those few centers that were open.
GBP ANALYSIS
Opened early Europe at $1.5637 stg0.8335 GBP/USD closed in NY at $1.5650, off recovery highs at $1.5672, with rate marking highs into early Asia at $1.5651 before tracking EUR/USD corrective pullback.
More of the same in 2012? – A gentle start
“If you want to change attitudes, start with a change in behaviour” -William Glasser After trawling through half the number of overnight news headlines as usual it is obvious that the market has not returned in full from the holiday break and in that respect some of the moves over the last couple of days […]
Light hearted summary of 2011
“You can’t learn in school what the world is going to do next year” – Henry Ford. 2011 has been an extremely volatile year in financial markets, driven largely by the rapidly deteriorating events of the Eurozone sovereign debt crisis and the resultant bank sector liquidity squeeze. Global growth almost ground to a halt in […]
GBP/USD ANALYSIS
Closed in NY at $1.5663, off session extended rally highs of $1.5700. Rate marked overnight lows into early Asian dealing at $1.5660 before picking up fresh demand which allowed rate to track ERU/USD early rise to $1.5684.