Archive: December2015

Countdown to 2016 Starts

31 Dec 2015
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The Pound – US Dollar currency pair looks set to remain above the 1.48 mark on a fairly subdued note ahead of the New Year break and given the absence of any UK economic news. Today’s only data will come from across the Atlantic in the form…

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Markets slow down ahead of New Year

30 Dec 2015
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United States Dollar: Unsurprisingly GBP/USD has traded a narrow range over the last 24 hours. Amid the relative quietness, US Pending Home Sales were released yesterday afternoon and came in under market expectations. The dollar weakened a touch o…

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UK House Price Growth Accelerates in December

30 Dec 2015
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Low trading volumes and lack of significant macroeconomic data continue to remain the highlight of the final week of this year. The UK docket this week has only one data in the form of the latest survey by building society Nationwide which came out ear…

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Dollar strengthens in reaction to positive confidence data

29 Dec 2015
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United States Dollar: The pound took a bit of tumble against the US dollar yesterday following a stellar print in US Consumer Confidence and an indifferent reading in the Goods Trade Balance. The confidence index came in a t 96.5 vs. forecasts for 9…

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Eyes on US Consumer Confidence Report

29 Dec 2015
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The global economic calendar appears light for the final week of 2015. Among the main releases in the Euro area earlier today, Italy’s consumer confidence figures for this month indicated a slight deceleration in morale. Markets also witnessed an…

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Quiet start to a quiet week in FX

28 Dec 2015
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United States Dollar: With most big financial centres out of action for the Christmas period very little has happened in FX markets. GBP/USD has been steady around 1.49 and opens this morning at 1.4895. There’s very little by way of UK data o…

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Thin Pre-Christmas Trading in the Forex Market

24 Dec 2015
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Activity in the final trading session before Christmas appears to be light. This morning, the US Dollar is trading broadly lower against its major currency counterparts, as most traders are already off for the upcoming end of the year holidays, reducing liquidity in the market. The only economic data in the US docket that might stir some market interest today is a report on the number of claims filed for unemployment benefits in the past week.
In the UK, the British Bankers’ Association (BBA) just now published its latest issue on the number of home loans approved by UK banks. The numbers revealed an unexpected downturn in mortgage lending for November. In Europe, the economic calendar is empty today.

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Markets quieten down ahead of festive period

23 Dec 2015
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United States Dollar: Markets are thinning out now as most major centres wind down for the Christmas holidays. GBP/USD has at least recovered off of its lows and is now testing a break of 1.49. Better than expected current account data from the UK …

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UK Q3 GDP Less Than Estimates

23 Dec 2015
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Market focus today is on a string of economic releases in the UK and the US. Just now, the final snapshot of the third quarter UK GDP figures showed that the economy expanded at a slower pace than initially thought, due to downward revisions to the fin…

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GBP/USD licks its wounds as markets await US Durable Goods

22 Dec 2015
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United States Dollar: Markets have been fairly subdued again over the last 24 hours. GBP/USD drifted lower during the morning on Tuesday and then took a further knock following the release of slightly better than expected Final GDP from the States. …

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