Posted on Friday, February 17th, 2012 at 2:13 pm.
De ja vu appears to have struck us again as it was announced this morning that Greece expect to agree a deal with Eurozone finance minister’s over the weekend, we’ve been here before. At the risk of repeating ourselves again I think we will leave the Greek situation there and move onto to other news, [...] Read More...
Posted on Wednesday, January 25th, 2012 at 10:41 am.
The Japanese Yen has hit the headlines as Japan posted its first annual trade deficit since 1980. Japanese exports have declined for a third straight month and concern is growing over the countries financial health. We have seen the Yen weaken by over 3% against Sterling in the last week and by over 4% against [...] Read More...
Posted on Wednesday, January 11th, 2012 at 10:58 am.
The Euros continuing slide into oblivion seems to have been temporarily halted over the past couple of days as the 17 nation currency has clawed back some of its recent losses to the Dollar and Yen. This morning’s German GDP data saw growth in Europe’s largest economy come in at 3% which was exactly as [...] Read More...
Posted on Tuesday, November 22nd, 2011 at 11:09 am.
And it’s over to the US… Political bickering isn’t merely confined to the Eurozone it seems. Lawmakers in Washington abandoned their deficit cutting effort yesterday with Republicans and Democrats failing to resolve disputes over taxes and spending. The 12 strong congressional “super committee” have now left investors and voters in the dark on how this [...] Read More...
Posted on Monday, November 21st, 2011 at 3:49 pm.
Safe haven currencies look set tobecome the ‘dish of the day’ again as investors become even more nervous over Europe’s debt situation. The US Dollar and Japanese Yen are the markets favoured weapons of choice and have further advanced in the last week. This looks set to continue this week as we could see further negative news [...] Read More...
Posted on Wednesday, September 21st, 2011 at 2:37 pm.
Sterling has found itself back under a little bit of pressure this morning after the Bank of England’s minutes this morning were less than positive. Sterling has looked to be edging ever closer to breaking 1.1500 against the Euro but this morning’s comments will only dampen the mood. The nine members of the MPC all [...] Read More...
Posted on Thursday, August 4th, 2011 at 1:20 pm.
The big news out overnight is Japan’s intervention in the currency markets. Japan intervened pushing the US Dollar higher as they feel that the one sided strength of the Yen will be damaging to any long term recovery. Japan also hinted that it may intervene further down the line with the US Dollar likely to [...] Read More...
Posted on Tuesday, July 12th, 2011 at 11:22 am.
Yesterday’s meeting of EU finance ministers did little to calm markets fears over the European debt crisis. The Euro slid in value to a four month low against the Japanese Yen and to a record low against the Swiss Franc. It seems they are still willing to bury their heads in the sand, or are [...] Read More...
Posted on Thursday, June 23rd, 2011 at 10:21 am.
The dollar has strengthened overnight against the Euro, the Yen and Sterling on the back of the Federal Reserve cutting growth forecasts, not signalling further stimulus and confirming it was ceasing it’s $600 Billion Bond buying programme by the end of June. This resulted in Dollar buying from Asian Sovereign players. By saying they were [...] Read More...