Posted on Monday, August 20th, 2012 at 7:39 am.
The week starts with the focus shifting back to a country we haven’t spoken about in a little bit; Greece. European politicians back from summer holidays have continued to butt heads over the prospect of further funding for the country against the imposition of further austerity. The ECB/EU/IMF troika is in country at the [...] Read More...
Posted on Friday, August 17th, 2012 at 7:34 am.
With most European politicians still sunning themselves by the Mediterranean the market has returned to basing its movements on the fundamental data that arises from the world economy and not the thoughts of some Cabinet minister. Unfortunately this data is as confused as I’ve seen it in my time in markets. We wrote yesterday [...] Read More...
Posted on Thursday, August 16th, 2012 at 7:37 am.
The slow grind higher and towards the next monetary policy decisions from the world’s central banks continued with the deserved lack of fanfare yesterday. Volume on global share indices remained particularly low with volatility lower on FX markets for the most part. Sterling had a little run yesterday morning following the latest jobs numbers. Unemployment [...] Read More...
Posted on Wednesday, August 15th, 2012 at 11:30 am.
The UK’s fastest growing foreign exchange company, World First, has been shortlisted for The Huawei Customer Focus Award, at this year’s National Business Awards in partnership with Orange. They will battle it out against nine other businesses for the prestigious award, with the winner being revealed at the National Business Awards gala dinner held on [...] Read More...
Posted on Wednesday, August 15th, 2012 at 7:48 am.
Although the data calendar was the busiest for a while yesterday the net result was a rather lacklustre trading session as volumes remain very low. Global equity markets finished roughly unchanged, while EURUSD, GBPUSD and GBPEUR all flirted with each other for a while before agreeing to keep everything as is. The data was a [...] Read More...
Posted on Tuesday, August 14th, 2012 at 8:14 am.
www.youtube.com/watch?v=6Bg6LWhju6s Olympic withdrawal permeated into the financial markets yesterday as things never really left the starting blocks. The extravagant closing ceremony witnessed by millions around the world resulted in many sleepy heads, it would appear, turning up to work. Equities posted lowest liquidity levels to date this year and FX traded within fairly conservative band [...] Read More...
Posted on Monday, August 13th, 2012 at 7:44 am.
So the Olympics is over and the inquest in to the economic viability of the games will begin in earnest. The Bank of England predicted earlier in the year that the bounce to output could be as much as 1% although their predictive track record is specked, not glistening, with gold. Following the -0.7% [...] Read More...
Posted on Friday, August 10th, 2012 at 7:43 am.
Following a lacklustre European session yesterday the attention once again switched to China and possibly the most important data out of the world’s workshop; trade data. Yesterday’s inflation and retail sales numbers confirmed that the consumption side of the Chinese economy still needs help and this will likely come from moves within the PBOC. [...] Read More...
Posted on Thursday, August 9th, 2012 at 7:36 am.
Although yesterday’s Quarterly Inflation Report from the Bank of England was one of the more “by the numbers” releases, questions fielded afterwards by Mervyn King added some colour to the way that the MPC is thinking about how it deals with the economic turmoil the UK economy finds itself in. Growth was downgraded as [...] Read More...
Posted on Wednesday, August 8th, 2012 at 7:38 am.
As the next month is likely to be characterised by the will and movements of the world’s central banks, hints as to their future expectations on economic performance are key to formulating a likely policy outlook. Today’s Bank of England Inflation Report will give the Bank’s latest assessment of the UK economy and up-to-date forecasts [...] Read More...