Richard Driver, Currency Market Analyst, Caxton FX

Trading commentary: CaxtonFX

Richard Driver is a Currency Market Analyst at Caxton FX.

Election to spark action on the exchange rates

6 November 2012
And now for the main event. Will it be Obama or Romney who wins the US presidential election? And which party will control the Senate and the House of Representatives?

All eyes on the US Presidential election

5 November 2012
With tomorrow’s US Presidential election almost upon us, we have an exciting week ahead of us.

Market focus on US Presidential elections

2 November 2012
With next week’s US Presidential elections never far from traders’ minds, we have plenty of look forward to today.

Subdued expectations for UK manufacturing PMI figure

1 November 2012
So the start of a new month brings us the monthly UK manufacturing PMI figure, towards which expectations are fairly subdued.

Greece the hot topic of Eurogroup meeting

31 October 2012
Today’s session brings another Eurogroup meeting, where Greece will once again be the hot topic.

Euro on front foot after positive Spanish GDP figure

30 October 2012
The key events of the session have already been and gone this morning in the form of a speech from ECB President Draghi and a slightly better than expected Spanish GDP figure.

A big week ahead for UK economy announcements

29 October 2012
We have another big week ahead of us in terms of key economic announcements, with the monthly growth updates from the UK manufacturing and construction sectors coming towards the end of the week.

Bad eurozone growth figures putting euro under pressure

25 October 2012
Last night’s announcement from the US Federal Reserve saw only minor adjustments made to the central bank’s statement, with no decisions made this time.

Dollar strengthens following Spain’s downgrade

24 October 2012
The dollar finally had a strong day yesterday thanks initially to Moody’s decision to downgrade the credit ratings of five Spanish banks.

Sterling remains out of favour

23 October 2012
A quiet session is what we expected on Monday and a quiet session is what we got. Sterling remains out of favour and continues to threaten a move below $1.60.

A brighter week for sterling?

22 October 2012
Sterling had a rough time of it last week, failing to capitalise on a host of positive domestic economic news. Perhaps this week can be different...

Sterling can’t catch a break

19 October 2012
Sterling can’t seem to catch a break. Earlier this week we saw some solid UK labour data and some less dovish than expected MPC minutes, while yesterday’s session brought some robust UK retail sales data.

MPC minutes less dovish than expected

18 October 2012
Sterling escaped any downside shocks yesterday, as the MPC minutes were less dovish than many were expecting, whilst we saw further improvements in the UK labour market.

Euro enjoys unexpected good news

17 October 2012
The euro enjoyed some rather unexpected good news after rating agency Moody’s delivered its review of Spain’s credit rating.

Sleepy start to the week among major pairings

16 October 2012
Monday’s session was pretty sleepy among the major pairings. The euro traded pretty positively despite the news that Spain will wait until November to formally request a bailout.