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.
17 May 2013
Higher growth figures expected by the Bank of England have lifted the pound, particularly against the Euro given the continued deterioration in growth across the continent.
16 May 2013
Mervyn King has signed out with an upbeat final quarterly inflation report with growth forecasts increased and inflation forecasts scaled down. King expects to see unemployment gradually come down which backs up the official data today which showed unemployment levels falling.
14 May 2013
Strong demand for risk assets boosted markets yesterday with Central banks supplying the main source of support for investor risk appetite, with a mixture of lower policy rates and quantitative easing providing a major boost.
13 May 2013
Another volatile trading session Friday in Europe left EUR/USD struggling with new selling pressure as the pair has started its decent down below 1.30.
10 May 2013
It looks as though the BoE are waiting for the new Governor before they change policy, after they kept interest rates and the asset purchase scheme on hold at their monthly meeting yesterday.
9 May 2013
A combination of better than expected Chinese export growth and German Industrial production has boosted appetite in the markets and led to EUR/USD driving higher yesterday.
8 May 2013
The Single European Currency progressed to a high of 1.3130 following German Factory Orders which surprisingly rose a further 2.2% in March, coupled with rumours that Portugal will auction 10-year bonds for the first time since the 2011 bailout amidst easing finance costs in Europe.
3 May 2013
The big news yesterday was Super Mario, ECB chief, dropping interest rates by 25 basis points at the ECB monthly meeting.
2 May 2013
Yesterday the FOMC left interest rates unchanged as expected and kept firm to the current pace of asset purchases.
1 May 2013
Economic data out yesterday was positive throughout most markets, completely opposite to the health of the real economies.
30 April 2013
It has been a risk-on tone to start the week, fuelled by expectations of ongoing (Fed) and further (ECB) monetary stimulus, the creation of a new coalition government in Italy and a better than expected outcome for US March.
25 April 2013
UK Q1 GDP data is the big data release this morning and from Sterling’s perspective it is a very important number. The Bank of England engineered a fairly swift revaluation after comments about the Pound being too strong against its major trading partners.
24 April 2013
Markets are concerned over the economy as global growth has slowed as figures revealed yesterday. Growth in most economies namely America, China and Germany, came out much lower than expected.
23 April 2013
Growth fears have returned following the disappointing data from the US and China coupled with downward revision to global growth forecasts by the International Monetary Fund.
22 April 2013
As the G20 summit came to a close on Friday we saw the confirmation, again, that Japan is well within its rights to continue on it monetary easing to return the nation to growth and inflation by 2014.