Mark O'Sullivan, Currencies Direct

Mark O'Sullivan, Currencies Direct

Trading commentary: Currencies Direct

Mark O’Sullivan, Director of Dealing, Currencies Direct.

Mark has over 20 years experience working in both the corporate and retail foreign exchange markets having worked for a number of companies including MW Marshall’s, Harlow Garban and GT Trading, where he was a partner. Mark is held in high regard within the industry and regularly features on CNBC, Bloomberg and in the Financial Times providing expert opinion on the currency markets.

Currencies Direct: Markets open on a positive note for sterling

Posted on: 20 February 2017

After disappointing Retail Sales figures for the UK last Friday and a drop in sterling, the pound begins today looking relatively positive.

Currencies Direct: Putin supports Opec’s oil production freeze

Posted on: 11 October 2016

Both the FTSE and oil prices sparked into life yesterday, as Commodity Prices rose with the increase of Brent Crude, after Vladimir Putin demonstrated a sense of understanding to Opec’s situation.

Currencies Direct: Sterling slumps 6% – where next?

Posted on: 7 October 2016

Sterling found itself 6% worse off against the dollar overnight during the Asian trading session, but has since staged a respectable recovery, down 1.5%.

Currencies Direct: Sterling continues to nosedive

Posted on: 6 October 2016

Sterling continued its most recent nosedive yesterday. Despite recent, positive data for the UK. investors are shaken by fears of a hard Brexit.

Currencies Direct: Hammond aims for positive tone

Posted on: 4 October 2016

Philip Hammond's positive tone and plan to spend the UK's way through Brexit was met by the pound falling off a cliff in early trading today.

Currencies Direct: Pressure on Merkel and markets

Posted on: 30 September 2016

The markets were rattled yesterday, after reports from Bloomberg that 10 hedge funds had cut their exposure to Deutsche Bank. Will Merkel offer a bailout?

Currencies Direct: OPEC agree to cut oil production

Posted on: 29 September 2016

The price of oil surged late last night as the Organisation of the Petroleum Exporting Countries (OPEC) have agreed, somewhat provisionally, to cut oil production for the first time in 8 years.

Currencies Direct: Focus on Eurozone and US PMI

Posted on: 23 September 2016

The week's biggest events ended in anti-climactic fashion, so Friday's focus is Eurozone and US Flash PMI data, followed by Candian PMI and retail sales...

Currencies Direct: No fireworks from BoE meeting

Posted on: 16 September 2016

The BoE rate decision meeting didn’t provide any fireworks yesterday, as UK policymakers voted 9-0 in favour to keep interest rates unchanged...

Currencies Direct: Greenback regains strength

Posted on: 15 September 2016

The Greenback recovered its strength after a period of volatility caused by mixed data releases and general dovishness from FOMC members...

Currencies Direct: Draghi disappoints with lack of monetary stimulus

Posted on: 9 September 2016

Investors were left disappointed yesterday, as Mario Draghi didn’t come up with the expected goods, failing to announce further monetary stimulus for the Eurozone economy.

Currencies Direct: Market movements dictated by US and UK

Posted on: 8 August 2016

Market movement dictated by US and UK, with US NFP figures much stronger than predicted, and Mark Carney cutting the BoE's interest rate by 25bp...

Currencies Direct: Interest rates slashed to prevent recession

Posted on: 5 August 2016

The Bank of England have cut interest rates to a record low 0.25% and increased quantative easing, as well as adjusting their forecasts for UK growth...

Currencies Direct: Sterling regains some ground

Posted on: 3 August 2016

Sterling has strengthened enough to regain some of the ground it lost at the start of the week, but today's weak data is unlikely to help its cause...

Currencies Direct: GBP teeters in wait on BoE decision

Posted on: 2 August 2016

The pound is attempting to fight off the dangers of the UK's poor economic date in the build up to the latest BoE decision on interest rates and QE...

 

 

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