Posted on Friday, July 29th, 2011 at 8:17 am.
Sterling is gently reaping the rewards of weakness in both the Euro and US Dollar. The situation the US find themselves in is well documented, with President Obama at loggerheads with Congress over raising the national debt limit. The deadline day of August 2nd is edging ever closer, and although markets are nervous over the [...] Read More...
Posted on Thursday, July 28th, 2011 at 9:07 am.
The Euro came back under fire yesterday as both Greece and Cyprus received a cut in their credit ratings. The Greek situation is still far from over despite last week’s bailout package being agreed. Greece looks set to enter into a ‘selective default’ and it looks only a matter of time before further requests for [...] Read More...
Posted on Wednesday, July 27th, 2011 at 8:21 am.
No new news for the US Dollar is bad news as the August the 2nd deadline edges ever nearer. The White House and Congress are at loggerheads over the raising of the US national debt ceiling and just how to do it. US President Barack Obama has called the Republicans both “Reckless and irresponsible”, this [...] Read More...
Posted on Tuesday, July 26th, 2011 at 11:19 am.
The US Dollar still remains under pressure as the US have still failed to reach an agreement on raising the national debt ceiling. A resurgent Euro is capitalising after last week’s agreed bail out of Greece and the Dollar looks set to remain under pressure in the very short term. The White House commented yesterday [...] Read More...
Posted on Monday, July 25th, 2011 at 11:30 am.
Another day, another downgrade, seems to be the way things look at the moment. Greece has yet again been downgraded and leading ratings agencies are suggesting that a Greek default is as close to 100% as possible. This may lead to the Euro coming under pressure in the not too distant future, but after last [...] Read More...
Posted on Thursday, July 21st, 2011 at 5:16 pm.
It may be the start of a new week but the European debt crisis is lingering on like a bad smell that the Europeans just can’t seem to shift. With interest rates increasing last week the pressure will undoubtedly grow on Spain, Portugal, Ireland, Greece and Italy as they are all struggling with current debt [...] Read More...
Posted on Thursday, July 21st, 2011 at 9:36 am.
Sterling managed to hold itself fairly firm after yesterdays Bank of England minutes were released and looks to be building a firm platform to try and reach the dizzy heights of 1.14 again. With the main focus of the market being on both the US Trade Deficit and the Euro zone debt issues there is [...] Read More...
Posted on Wednesday, July 20th, 2011 at 9:32 am.
Sterling could be in a bit of trouble this morning as the Bank of England minutes are released at 9:30. Recent data out of the UK has been poor and a dovish tone in today’s minutes could set the mood for today’s trading and put Sterling under pressure. In recent weeks we’ve commented on how [...] Read More...
Posted on Tuesday, July 19th, 2011 at 12:16 pm.
Yesterday the Euro was in the firing line (and rightly so as the European debt crisis rumbles like a poorly directed soap opera), but today turns its attention to the US Dollar. We reported yesterday how the US Fed were getting close to running out of funds and had asked congress to raise the debt [...] Read More...
Posted on Monday, July 18th, 2011 at 10:06 am.
The Euro is back in the firing line today as press articles over the weekend suggest it may well be a future of doom and gloom for Italy. Italy, currently the Euro zones third biggest economy is heading ever closer to needing a bail out. Italy currently has a debt value of 120% of its [...] Read More...