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Trading commentary: CaxtonFX
Richard Driver is a Currency Market Analyst at Caxton FX.
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.
Posted on: 30 August 2012
Wednesday’s meeting between Merkel and Monti saw the former praise Italy’s efforts to reform its economy.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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...
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.
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.