Archive: September2014

Euro dumped again as consensus builds for further ECB action

30 Sep 2014
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United States Dollar: The pound fell to a low of 1.6168 vs. the dollar yesterday following the release of weaker than expected UK current account data. The deficit was £23.1 billion in the second quarter of 2014, up from £20.5 billion in…

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UK GDP Data Confirms Expansion

30 Sep 2014
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The just out revised second quarter GDP report in the UK has confirmed the steady growth trend witnessed in the nation over the past year. However, another report indicated that the nation’s current account deficit widened unexpectedly for the se…

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Tight ranges ensue in run up to ECB announcement

29 Sep 2014
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United States Dollar: The pound was steady throughout most of yesterday’s trading session. The US dollar firmed up in the morning and GBP/USD slipped to a low of 1.6216. Investors were fairly unresponsive to UK Chancellor George Osborn’…

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UK Mortgage Approvals Drop More Than Expected

29 Sep 2014
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At home, data just released revealed a more than expected drop in the number of mortgage approvals for August. In this context, the Financial Policy Committee’s quarterly policy statement scheduled this week will be keenly eyed, especially consid…

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Carney Raises Hope of an Early Rate Increase

26 Sep 2014
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Yesterday, the BoE Governor, Mark Carney, reiterated that the central bank was moving closer to increasing interest rates, although the exact timing will be dependent on the nature of economic data in the nation. The hawkish comments from the BoE Chief…

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Commodity currencies continue their slide

25 Sep 2014
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United States Dollar: GBP/USD whipped around between 1.6280 and 1.6340 yesterday, reaching the top of its range following comments from the Bank of England’s Carney. He said “while there is always uncertainty about the future, you can ex…

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ECB Chief and BOE Governor in the Spotlight

25 Sep 2014
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The ECB Chief, Mario Draghi, reiterated his support for additional stimulus measures to support the Euro zone economy and fend off deflationary pressures. The ECB President seems caught on the wrong foot as measures adopted by him are not having the de…

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Euro smacked lower as key support levels are breached

24 Sep 2014
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United States Dollar: GBP/USD has trickled lower throughout the last 24 hours. It’s explained in part by the broad strength we’ve seen in the dollar recently, which comes following the release of stronger than expected US New Home Sales …

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German Business Sentiment Weakens

24 Sep 2014
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With the third quarter nearing its end, there remains a sense of unease among market participants as the latest survey from Ifo showed further weakness in the German business climate. With the latest PMI readings offering mixed signals and mood in the …

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Commodity currencies suffer most amid a lack of economic data

23 Sep 2014
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United States Dollar: Trading in GBP/USD was volatile yesterday morning. It slipped early on to a low of 1.6302 after UK public finance data showed a deterioration in August. Public sector net borrowing was £10.9 billion in August vs. expecta…

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