Daily FX / Forex trading commentaries

FX / Forex trading commentaries and briefings from the leading FX specialists, market analysts, traders and dealers.

Another good news session for GBP yesterday

10 May 2013, Richard Driver, CaxtonFX
It was another good news session for the pound yesterday, as impressive UK manufacturing and industrial production figures underlined the UK economy’s strong start to 2013.

Yesterday saw strongest 1-day dollar appreciation since 2011

10 May 2013, Simon Smith, FxPro
Yesterday saw the strongest 1 day dollar appreciation since late 2011, going by the DXY dollar index. The better claims data were supportive, with more stops triggered in the market as USDJPY breached 100 and the Aussie broke to 10 month lows.

Could wobbly markets be about to topple?

10 May 2013, Jonathan Sudaria, Capital Spreads
European equities are set to open mixed as the negative close in the US and a choppy Asian session raise questions over the longevity of the rally.

Greece’s February jobless rate rose to 27%

9 May 2013, Anthony Belcher, Interactive Data
Daily highlights from the European Sovereign, Supranational and Agency Markets

Market buoyed by data releases

9 May 2013, Philip Ryan, Currencies Direct
A combination of better than expected Chinese export growth and German Industrial production has boosted appetite in the markets and led to EUR/USD driving higher yesterday.

Today’s updates should start to shape the pound’s next move after appearing to lose steam in May

9 May 2013, Nawaz Ali, Western Union Business Solutions
The Australian and New Zealand dollars were in the spotlight again in last night’s Asian session, producing a surprise turnaround, while sterling is set to take centre stage in today’s European programme as the Bank of England prepares to announce its latest monetary policy decision.

No change expected from Old Lady

9 May 2013, Mark Deans, Moneycorp
At a press conference yesterday Luca Montezemolo, the chairman of Ferrari, said his firm would produce no more than 7,000 cars this year, 4% fewer than in 2012, despite having orders for more than that.

AUD and NZD rush higher on jobs data. BoE on tap.

9 May 2013, John J Hardy, Saxo Bank
Both of the Antipodeans report much better than expected job growth, catching the short-term market off guard and squeezing shorts. But for Australia in particular, the significance of the data is questionable.

Turning sterling?

9 May 2013, Simon Smith, FxPro
Overnight into Friday there will once again be a focus on the weekly Portfolio data from Japan. The thinking was that the weaker yen would entice investors abroad for returns, but so far this has not proven to be the case.

Eurghh, do we have to rally?

9 May 2013, Angus Campbell, Capital Spreads
European equities look set to open on a mixed footing, despite another successive bullish close in the US doing its best effort to drag markets higher.

ECB considers buying ‘bad loans’ from Southern European Banks

8 May 2013, Anthony Belcher, Interactive Data
Daily highlights from the European Sovereign, Supranational and Agency Markets

Euro rally

8 May 2013, Philip Ryan, Currencies Direct
The Single European Currency progressed to a high of 1.3130 following German Factory Orders which surprisingly rose a further 2.2% in March, coupled with rumours that Portugal will auction 10-year bonds for the first time since the 2011 bailout amidst easing finance costs in Europe.

Stimulus is the new austerity

8 May 2013, Mark Deans, Moneycorp
Pope Benedict's abdication could have planted ideas in the minds of venerated but geriatric world leaders who might be past their peak and would prefer to enjoy their twilight years out of the spotlight.

Strong German factory orders figure gives the euro some respite

8 May 2013, Richard Driver, CaxtonFX
The euro is trading remarkably firm despite comments from Draghi on Monday alluding to a willingness to take further monetary policy action if necessary.

Dow 15,000 but no Hank Paulson?

8 May 2013, Angus Campbell, Capital Spreads
European equities are set to open marginally higher as a strong finish in the US and a surge in Chinese trade growth is likely to keep the bulls ticking over.