Archive: September2015

Euro falls as equity markets extend their recovery

30 Sep 2015
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United States Dollar: Equity markets extended their recovery yesterday; the S&P finished up 1.8%, the Nikkei finished up 1.92% and the FTSE is already up by 1.21% this morning. It’s not helped the pound’s cause though, nor did genera…

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FX ranges steady ahead of much anticipated US labour data

29 Sep 2015
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United States Dollar: Equity markets recovered a bit on Tuesday morning and with the slight improvement in risk appetite cable pushed briefly back through 1.52. It failed to hold though and opens this morning towards the lower end of its recent rang…

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UK Mortgage Lending Rises Most Since 2008

29 Sep 2015
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The pace of notable economic releases has picked up today, starting with the just out data which showed that British mortgage lending recorded the largest increase since May 2008. The number of home loan approvals rose above expectations, adding to evi…

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Euro up as global stocks are pummelled

28 Sep 2015
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United States Dollar: Stock markets have been pummelled over the last 24 hours but GBP/USD has been fairly immune to it all. It’s traded a steady range since markets opened on Monday and sits at 1.5180 this morning. Meanwhile, the dollar had …

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US Economic Data and Speeches Eyed

28 Sep 2015
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The week has begun on a quiet note for economic releases globally, however US economic reports scheduled later in the day will be closely eyed to gauge the pace of growth momentum in the nation during the third quarter of this year. In wake of the rece…

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US Economic Data and Speeches Eyed

28 Sep 2015
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The week has begun on a quiet note for economic releases globally, however US economic reports scheduled later in the day will be closely eyed to gauge the pace of growth momentum in the nation during the third quarter of this year. In wake of the rece…

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Cable looking vulnerable ahead of busier week for data

27 Sep 2015
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United States Dollar: GBP/USD fell again on Friday. Yellen’s comments from last week were still ringing in investors’ ears; she strongly suggested that the Fed would be hiking interest rates by the end of year. US data was also strong o…

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Key US Fed Officials’ Speech on Radar

25 Sep 2015
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The US Fed Chief, Janet Yellen, stated yesterday that the central bank is expected to raise rates by the end of this year and the recent slowdown in the nation’s inflation was temporary, led primarily by a slump in global crude oil prices. In lig…

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Yellen signals lift-off in December

24 Sep 2015
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United States Dollar: GBP/USD lost ground yesterday morning as European equity markets got off to a bad start and risk sentiment was showing few signs of improving. It dropped to an eventual low of 1.5200 but then reversed quickly and pushed back to…

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Remarks by the US Fed Chair to Gain Focus

24 Sep 2015
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A speech by the US Fed Chief, Janet Yellen, is likely to hog the limelight in today’s trading session, with market participants pouring over the detail for hints on the timing of a rate rise in the US. Furthermore, durable goods orders data and t…

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