Weekly

Weak Non-Farm Payrolls Solidifies Recession Woes. ECB and BoE scheduled for rate announcements. 7/04/08 last week’s currency trading review The Dollar began the week on a surge however it was affected by another week of poor economic data coming out of the World’s biggest economy. The big data release for… read more

Heavy data week for the US, with ISM and Non Farm Payrolls. BoE Gov King expected to re-iterate easing bias. 31/03/08 last week’s currency trading review The Dollar continued in its run of poor economic data, mounting pressure on the greenback. Although Existing home sales figures to start the week… read more

Further Volatility ahead 24/03/08 last week’s currency trading review The Dollar began the week with the Federal Reserve cutting its discount rate by 0.25% in an emergency attempt ensuring one of the most volatile weeks in FX trading in recent times. The Central Bank members further moved to cutting the… read more

A week filled with Central Bank Announcements 10/03/08 last week’s currency trading review The Dollar ended the week sharply lower on intensifying views the U.S was headed into a recession. No single piece of data highlighted the concerns as much as Non-Farm Payrolls on Friday which confirmed a decline in… read more

A week filled with rate announcements. 03/03/08 last week’s currency trading review The Dollar suffered from pessimistic comments made by Chairman Bernanke and Vice-Chairman Kohn throughout the week, indicating that recession fears would persuade the Federal Reserve to cut rates further. As a result, the dollar traded at record lows… read more

Focus on US data filled week 25/02/08 last week’s currency trading review The Dollar had a quiet week in terms of data, although the little data was made public was initially dollar supportive the US dollar did trade to 2-week lows against a number of major currencies after a string… read more

All about Central Bank Minutes 18/02/08 last week’s currency trading review The Dollar was broadly weaker to end the week on renewed fears of recession ’ following Ben Bernanke “dovish” testimony in front of the US senate banking committee. The Head of the central bank signaled more rate cuts were… read more

BoE cut, ECB hold, and RBA hike as central banks ahead of the curve in flavour. 12/02/08 last week’s currency trading review The Dollar largely data dependent, although releases were at a bear minimum throughout the week. The general sentiment surrounded poor economic data although the dollar rebounded on risk… read more

Fed Chief hints at 50 bps point cut, US CPI figures key this week 14/01/08 last week’s currency trading review The Dollar continued to struggle against a number of majors despite finding some support in the early part of the week. It was not until Chairman Bernanke’s comments mid week… read more

FED cut rates by 25 basis points, BoE minutes due this week 17/12/07 last week’s currency trading review The Dollar saw the Fed cut rates by 25 bps to 4.25% on Tuesday, and further trimmed the discount rate by 25 bps. Market reacted in a volatile manner, as stock prices… read more