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  Russell Publishing Ltd
  Court Lodge
  Hogtrough Hill
  Brasted
  Kent TN16 1NU. UK
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  Registered office as above.
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Daily Market Analysis & View Points
   


Mark O'Sullivan, Currencies Direct 

A Mixed Menu

Yesterday was an eventful day for the Euro as it made significant gains versus both Sterling and the Dollar. The British pound hit a 3 week low against the Euro as the UK  . . .

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Jonathan Griffiths,
Raphaels Bank

Week of Powerful Volatility - Roundup

Phenomenal currency market volatility has dominated financial markets this week. Key themes have been relative monetary policy stance, equity movement and perceived credit risk . . .

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Mark Bolsom,
Travelex

Investors Already Positioning Themselves for a Weak US Employment Report Today

Currency markets were a little subdued on Thursday given such a busy calendar of economic data releases. Equity markets continued to post gains  . . .

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Duncan Higgins,
CaxtonFX

Little Excitement in the Markets for Monday as We Look to Key Events Later in the Week

It was another range bound day for this pair yesterday, with the price holding around 1.20 as investors wait on the sidelines for this week's announcements . . .

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Andrew Timothy Robinson,
Saxo Bank

Buckle Up! It's Non-farm Payroll Day

Currencies were contained within ranges overnight despite some more positive news on the US data front. Pending home sales grabbed the headlines with a much better-than-expected outcome . . .

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Mark Deans,
Moneycorp

Sterling Fares Badly in PMI Battle

Fancy a seriously hot car? How about a Ferrari 458? It starts off red and gets even redder when you drive it hard. Owners describe how it can blaze up an Alpine passes or scorch round a racing circuit . . .

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Andrew Wilkinson,
Interactive Brokers

IB FX Brief
Nothing Happened on Thursday

The British Beer and Pub Association reports that alcohol consumption has fallen in four years out of the last five. Last year's -6% drop was the biggest . . .

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Interest Rate Brief
Yields Continue to Unwind Ahead of Key NFP

There was little to read into Thursday's initial claims report ahead of an expected 100,000 dip for U.S. employment throughout August . . . 

>> read more 

 

 

 

 

Articles & Features
  
The foreign exchange market is a truly global phenomenon. According to the Bank for International Settlements, the most recent figures of average daily turnover in global FX is estimated at $3.98 trillion, further cementing it as the largest market in the world in terms of total cash value traded.
It was a certain Julius Henry Marx – otherwise known as Groucho – who memorably announced he I didn’t care to belong to any club that would have him as a member! Casting such Marxist sentiment aside, Drew Hillier sees how here in the UK, Pro-European captains of industry have been lining up to voice their belief that Britain should get with the euro some time in the future.
Fresh from his country having enjoyed a successful G20 Summit in Toronto, China's President Hu Jintao has been invited by his American counterpart to make a state visit to the United States. This new-found cordiality, spearheaded by the Obama administration, has been boosted by the Hu government's recent decision to relax controls on its currency.
"Saigon... s**t! I'm still only in Saigon... Every time I think I'm gonna wake up back in the jungle." These are the now infamous first lines uttered by Captain Benjamin L. Willard - the main character played by Martin Sheen in the seminal Vietnam War movie, Apocalypse Now. With the markets currently bunkered down against the distinct whiff of contagion spreading across the EU battlefield and beyond, there will doubtless be many traders heading for their holidays paraphrasing those apocalyptic words!
The ash from Iceland has taken an umprecidated toll on an already suffering airline industry in Europe. Yet, even now - some weeks after the volcano blew - it continues to exert pressure on businesses and travellers alike. Even more deleterious however, fallout from the Greek debt crisis still has the potential to swathe Europe in a cloud of even greater consequence. As Drew Hillier reports, do these ill winds spell contagion?
 
 
 
 
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