Richard Driver, Currency Market Analyst, Caxton FX

Trading commentary: CaxtonFX

Richard Driver is a Currency Market Analyst at Caxton FX.

Another knock for the dollar

1 May 2013
The dollar remains on the defensive ahead of tonight’s statement from the US Federal Reserve. Weak US data gave the dollar another knock yesterday but we really can’t see the justification for this sort of punishment.

Focus on eurozone today

30 April 2013
Focus will very much be on the eurozone today. The euro got a minor lift yesterday as new Italian PM Letta formed a coalition government but there are plenty of risks ahead.

Sterling is looking a whole lot healthier

29 April 2013
Sterling is looking a whole lot healthier after last week’s forecast-beating UK GDP figure...

Sterling is trading much higher across the board

26 April 2013
Sterling is trading much higher across the board thanks to an impressive UK GDP figure which revealed that the economy grew by 0.3% in the first quarter...

Finally some clarity

25 April 2013
With the UK Q1 GDP figure released at 09:30 this morning, finally we can have some clarity today over whether or not the UK economy has suffered the dreaded triple-dip recession.

Another rocky start for the euro

24 April 2013
The euro has got off to another rocky start to the session in the wake of a weak German business climate survey.

Euro off to a volatile start

23 April 2013
The euro has got off to a very volatile start to the session as a firmer set of French PMI figured contrasted entirely with some disappointing German PMIs.

UK downgraded

22 April 2013
Sterling went into last weekend with a late announcement from Fitch Ratings that it was the next to downgrade the UK’s AAA credit rating.

German parliament approves Cypriot bailout

19 April 2013
The German parliament has approved the Cypriot bailout, while euro concerns soon returned as attempts to elect an Italian president failed.

Plenty of volatility in the market yesterday

18 April 2013
We saw plenty of volatility yesterday as first sterling sold off as a result of a rather more dovish MPC minutes release.

Plenty of UK interest

17 April 2013
Today’s session brings plenty of UK interest with the release of the MPC minutes and the monthly UK employment update.

UK inflation figure today’s main event

16 April 2013
In the financial markets, the response to yesterday's bomb attack has naturally been one of risk aversion. The main events on the data calendar today are the UK inflation figure at 09:30 and a key German sentiment survey at 10:00.

Chinese GDP data undershot expectations

15 April 2013
The big news from the weekend was a US Treasury Report which warned Japan against suppressing the value of its currency to gain a competitive advantage.

Chance of volatility following today’s US data release

12 April 2013
It remains very range-bound among the major currency pairings in what has proved to be a very quiet week indeed.

Even last night’s US Federal Reserve meeting minutes fail to drag traders out of their slumber

11 April 2013
It’s all pretty quiet in the FX markets this week. Even last night’s release of the US Federal Reserve’s meeting minutes failed to drag traders out of their slumber.