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Richard Driver, Currency Market Analyst, Caxton FX

Richard Driver, Currency Market Analyst, Caxton FX

Trading commentary: CaxtonFX

Richard Driver is a Currency Market Analyst at Caxton FX.

More jawboning from EU leaders

Posted on: 31 August 2012

Thursday’s session saw plenty more jawboning from EU leaders, this time from Spanish PM Rajoy and French President Hollande.

Merkel praises Italy’s efforts at economy reform

Posted on: 30 August 2012

Wednesday’s meeting between Merkel and Monti saw the former praise Italy’s efforts to reform its economy.

Strong day for single currency yesterday

Posted on: 29 August 2012

Tuesday was a strong day for the single currency, as the market turned a blind eye to some more alarming news from Spain in the form of anther Catalonian aid request.

Greek exit from eurozone rumours circulating again

Posted on: 28 August 2012

Rumours continued to circulate on Friday that Greece could temporarily exit the eurozone but it seems the market applied the appropriate level of scepticism to these dubious reports.

Another strong session for the euro yesterday

Posted on: 24 August 2012

Eurozone growth data may have been weak even by the very low global standards that are being set at present, but the figures were at least not as bad as expected.

Pound at three month highs against US dollar

Posted on: 23 August 2012

The pound helped itself to a new 3 month high against the US dollar yesterday as the release of last nights minutes from the Federal Reserve came in more dovish than expected.

Bad news for George Osborne

Posted on: 22 August 2012

Yesterday’s data from the UK was not good news for Chancellor George Osborne, with public borrowing figures proving disappointing.

Positivity in Monday’s markets

Posted on: 21 August 2012

There was some initial positivity on Monday relating to a report that the ECB was intending to put a pre-determined cap on eurozone bond yields.

Currency markets remain in comparative slumber

Posted on: 20 August 2012

The currency markets remain in the comparative slumber that has characterised most of August. We largely expect more of the same in the week ahead.

Yesterday’s strong UK retail sales data boosted sterling

Posted on: 17 August 2012

Thursday brought some unexpectedly strong UK retail sales data, which initially boosted sterling before the euro enjoyed a decent late rally on encouraging words from Merkel.

Unemployment data defies weak growth figures

Posted on: 16 August 2012

Wednesday’s UK unemployment data defied the weak growth figures that we have been seeing by making yet more progress.

Today’s session brings the monthly UK labour market update

Posted on: 15 August 2012

Data on Tuesday revealed that UK inflation unexpectedly rose in July from 2.4% to 2.6%, which gave sterling a decent start to the session.

UK inflation figure likely to show weaker price pressures

Posted on: 14 August 2012

After a quiet start to the week, there are plenty of market-moving events scheduled for today. The monthly UK inflation figure is likely to show weaker price pressures...

Euro loses ground

Posted on: 13 August 2012

The euro lost ground last week amid a shortage of developments with regard to the ECB’s promised action, while Greece is once again hitting the headlines for the wrong reasons.

Chinese growth figures weak

Posted on: 10 August 2012

The ECB’s monthly bulletin cited downside risks to eurozone growth yesterday, while Chinese growth figures have also been alarmingly weak.