Mark O'Sullivan, 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.
30 September 2011
German ratification of an enlarged bail-out fund was supposed to calm market nerves going into the weekend, but sentiment remains downbeat in early trading today and we can expect equity markets and risk-on currencies to continue to struggle this afternoon and in the early part of next week.
29 September 2011
A sense of optimism looks to be filtering through markets at present. This derives from hopes that the European authorities will be able to ring fence Greece and steer clear of a much deeper and wider contagion to other eurozone peripheral countries than has already taken place.
28 September 2011
The huge gains in stock markets around the world yesterday were not mirrored in by corresponding moves in the currency markets, which saw only modest gains for Sterling against the Dollar and Euro.
27 September 2011
The Forex markets were calm in yesterdays trading day as traders and investors alike attempted to interpret the rumours surrounding a Eurozone bailout package that started over the weekend.
26 September 2011
The Greenback is gaining all the time given the current environment of increased risk aversion as seen in rise of USD speculative positioning over recent weeks.
22 September 2011
Last night, the Federal Reserve announced its latest efforts to stimulate their ailing economy with two new “twists” yet stopped short of declaring an additional phase of quantitative easing.
21 September 2011
Today we get to see if any other members of the MPC have joined Adam Posen, long time advocate of further easing by the Bank of England, in calling for another bout of QE.
20 September 2011
The Dollar index remains strong, however it seems doubtful that the Greenback is being bought on its own virtues but rather on weaknesses in Europe.
19 September 2011
Greece will once again be the key driver in the markets for the week ahead as inspectors assess whether the Greek economy is on schedule to meet its debt obligations due next month and so avoid a default.
16 September 2011
Yesterday saw the world’s main central banks announce joint action to provide Dollar liquidity, aimed at securing the funding needs of banks struggling to meet them in the market.
15 September 2011
Statistics yesterday indicated that the number of unemployed rose by 80,000 to over 2.5m in the last quarter. According to the Office for National Statistics this was the largest increase for nearly two years leaving the overall percentage unemployed at 7.9%.
14 September 2011
Data yesterday showed that UK inflation continued its upward march through August with the benchmark CPI figure rising to 4.5% over the past 12 months. Sterling dropped immediately after the announcement, but the move was short lived against the Dollar as the Pound regained ground.
13 September 2011
Under the spot light this week are retail sales, inflation, industrial production and regional manufacturing surveys which will offer some direction to the Greenback and it is likely that the data over coming days will look less negative than in past weeks...
12 September 2011
The Euro continued its slide in early trading this morning following on from the three cent reversal on Friday afternoon. The market was awash with rumours of an imminent default by Greece and trying to understand the ramifications of the resignation of Juergen Stark, the top German official at the ECB.
9 September 2011
The ECB cut short its rate-hiking cycle yesterday due to “intensified downside risks” to growth that it said will bring inflation below its two per cent target next year.
© Russell Publishing Limited, 2010-2012. All rights reserved | Website design and development by e-Motive Media | Terms & conditions of use | Privacy policy
Login Status