Richard Driver, Currency Market Analyst, Caxton FX
Richard Driver is a Currency Market Analyst at Caxton FX.
Fed minutes highlight possible June rate rise
Posted on: 9 April 2015
The Federal Reserve's meeting minutes last night showed that officials are divided over the possibility of a June rate rise.
Positive UK services data boosts pound
Posted on: 8 April 2015
The first trading day after Easter saw the pound and dollar rally against the euro. The pound pressed on against the euro yesterday, as positive services data provided encouragement that at least the UK's services sector is still expanding.
Market unimpressed with UK PMI
Posted on: 2 April 2015
UK Manufacturing data came in yesterday below market expectations, which saw the pound fall against major currency pairings.
April 1st brings Manufacturing PMI from the UK
Posted on: 1 April 2015
April 1st brings Manufacturing PMI from the UK, and Employment change and Manufacturing PMI from the states.
Euro Surges On
Posted on: 26 March 2015
After a few weeks of consistently strong Eurozone figures and particularly solid German data, business confidence and climate is now on an upward trend. German Ifo business climate registered a fifth consecutive increase yesterday and hit the highest level since July 2014. This strong result helped to consolidate the view that Germany is not only […]
Sterling off the Roof: Has the pound seen a high?
Posted on: 25 March 2015
As UK CPI saw a record low yesterday and the pound continues on a downward trend, analysts are now asking the question if Sterling has seen its highs for the next few months.
Poor US and UK Releases Bring Volatility
Posted on: 19 March 2015
A data heavy day yesterday saw releases from across the world.
Data Heavy Day Awaits; Volatility Expected
Posted on: 18 March 2015
Yesterday saw the euro gain against the majority of counterparts as sentiment figures saw an increase from Germany and the Eurozone.
Market sentiment drives US dollar high and euro low
Posted on: 12 March 2015
After a volatile day of trading largely characterised by dollar strength yesterday, markets have stabilised this morning.
Policy divergence reality spooks equity and currency markets
Posted on: 11 March 2015
UK and US Equities markets fell sharply yesterday, and the Dow Jones Industrial Average posted the sharpest one day decline since October as investors begin accepting that policy divergence between the Federal Reserve and the ECB is fast becoming a reality.
Services PMI Disappoints Traders
Posted on: 5 March 2015
The final of the three UK sectors released their data yesterday in the form of services PMI. A rise was predicted from 57.2 to 57.6 but instead a fall to 56.7 was seen.
UK Services PMI Predicted to Climb
Posted on: 4 March 2015
A strong gain in UK construction PMI failed to support Sterling gains as the dollar continued to strengthen against counterparts and traders invested in this safe haven currency.
Greece Come One Step Closer to Agreement
Posted on: 25 February 2015
The final chapter of the Greek extension have begun as Eurozone finance ministers approved Greece’s reform proposals.
Sterling Rallies on Strong UK Employment
Posted on: 19 February 2015
Yesterday’s session began with strong gains across the board from UK data, as employment figures beat all predictions.
Could a Greek Compromise be Reached?
Posted on: 18 February 2015
Yesterday morning saw UK CPI falling in line with predictions at 0.3% whilst PPI input fell from -3.3% to -3.7%. Mixed results saw similarly mixed movements across Sterling pairings.