Posted on Tuesday, August 7th, 2012 at 7:37 am.
The “Draghi rally” following Thursday’s initial disappointment continued yesterday with GBPEUR falling to a one-month low and EURUSD pressuring the 1.24s. This has been driven by falling yields on European periphery debt and in particular the short-term debt of Spain. We look at the shorter-term money because it gives us a picture of how [...] Read More...
Posted on Monday, August 6th, 2012 at 8:27 am.
www.youtube.com/watch?v=Rvh08JsvVm8 Financial markets closed out the week strongly on Friday with a green sweep across the board for all the big European and US markets. Eurozone confidence was more upbeat and the US had all but closed the door on QE for the near future, settling nerves in the short term. Similarly to the way [...] Read More...
Posted on Friday, August 3rd, 2012 at 7:37 am.
Yesterday’s ECB decision and press conference was largely an exercise in expectation management; a lesson that could have been given last week but the binary nature of today’s markets put paid to that. Prices in the past week have been bid higher on the basis of Mario Draghi’s assertion that the ECB would do [...] Read More...
Posted on Thursday, August 2nd, 2012 at 7:34 am.
For those market participants expecting some form of movement from the Federal Reserve last night, it was as disappointing as the Australian showing in the Olympic swimming pool. The FOMC said that it will be keeping interest rates low until late 2014 and that “The committee will closely monitor incoming information on economic and financial [...] Read More...
Posted on Wednesday, August 1st, 2012 at 7:53 am.
The week really starts in earnest today following two days of relative sideways movements as a result of poor liquidity, and a general lack of commitment on the part of traders to get involved in things before the data calendar gets going. Overnight the general market warmth, that has caused EURUSD and GBPUSD to [...] Read More...
Posted on Tuesday, July 31st, 2012 at 7:47 am.
Yesterday’s markets were typical of the idle days of summer with volume particularly low and most traders more keen to catch up on the goings on at the Olympic Games than on their dealing screens. Liquidity will be low through the next couple of weeks but with the event risk towards the end of the [...] Read More...
Posted on Monday, July 30th, 2012 at 7:38 am.
And so starts another important week in the life of the European, and world, economies. We are stuffed full of central bank news with markets hoping that the rally caused by Draghi’s comments late last week will be continued by some form of monetary policy easing. Our thoughts are that the Fed and the [...] Read More...
Posted on Friday, July 27th, 2012 at 8:50 am.
World First is a leading foreign exchange specialist who works with both corporate and private clients. The company has a fresh and friendly approach to business and is currently looking for an Administrator to join the Payments Team. The successful applicant will be enthusiastic, personable, organised with an excellent telephone manner and great attention to [...] Read More...
Posted on Friday, July 27th, 2012 at 7:42 am.
Comments from ECB Chair Mario Draghi gave asset prices a welcome boost yesterday with the euro rallying, equities higher and peripheral bonds coming back from recent extreme levels. The speech sounded like a warning to the markets that he, and the resolve of the ECB should not be tested. He commented that the “within [...] Read More...
Posted on Thursday, July 26th, 2012 at 8:26 am.
httpvh://www.youtube.com/watch?v=bMHA28Dqk88 To the comments, Author: jeremy e64c42cdda509545a9ee0aefaca45a8f (10.3.0.9) To the comments, Author: jeremy Read More...