Weekly

Bad News Pounds UK 26/01/09 last week’s currency trading review The Dollar continued to strengthen against all currencies except the Yen as stocks plumbed new lows for the year. Recession concerns mounted on weekly Jobless claims which jumped to 589K from 545K previously. Building Permits also dropped to .55m vs…. read more

Market Bounces off year lows ahead of Obama Inauguration 19/01/09 last week’s currency trading review The Dollar was able to make solid gains last week as risk aversion increased and banking concerns reemerged. The market was troubled by Citibank and BoA earnings but received well the news that the second… read more

Market Party over as bad news continues 12/01/09 last week’s currency trading review The Dollar had a mixed trading weak gaining against the Euro but falling against the Pound and Yen as the markets recent rally topped out and the downside came back into view. Wednesday’s ADP employment report for… read more

New Year and New hope in Markets 5/01/09 last week’s currency trading review The Dollar was little last changed over the holiday period with quiet markets. Stocks did experience a rally on the first trading day in 2009 and this helped to improve risk sentiment. On the data front December… read more

USD weakens into Year’s end 15/12/08 last week’s currency trading review The Dollar experienced a shift of sentiment as repatriation demand dried up and key technical levels were broken on multiple pairs. General buoyancy in the Equities markets saw safe haven flows decrease but even in moments of heightened concern… read more

Rate Cuts around the world lifts mood 08/12/08 last week’s currency trading review The Dollar was mixed this week as stocks and data conflicted. Equities remained on the rebound but economic data kept the USD under pressure against other safe haven currencies. On Monday the NBER declared that the US… read more

Record rally in US stocks underpins market mood. 01/12/08 last week’s currency trading review The Dollar gave up ground as stocks staged a 12% weekly gain the most since 1974. Higher yielding currencies such as the AUD and GBP were able to take advantage as safe haven flows were put… read more

Focus Turns to Bailout of Citibank and US Automakers 24/11/08 last week’s currency trading review The Dollar had a mixed week gaining on the back of Oil falling below $50 a barrel but losing ground against the Yen as stocks hit multi year lows. New York Fed Chief Tim Geithner… read more

Recession in Europe, Weak US Retail Figures 17/11/08 last week’s currency trading review The Dollar had a volatile week but gained against most currencies as the world economic picture continued to deteriorate. The sharp fall in October Retail Sales by 2.8% was worse than the market was expecting and confirmed… read more

ECB, BoE and RBA are expected to cut rates. Non Farm Payrolls Friday 03/11/08 last week’s currency trading review The Dollar gave up ground after being on of the main gainers during the recent credit crisis. Weighing on the USD was the FED rate cut to 1% from 1.5% on… read more