Posts Tagged ‘Assets’

Bank of England voted unanimously to maintain the key rate

Posted by maradona on October 21st, 2009
Wednesday, 21 October, the Bank of England published the minutes of the meeting held on October 7-8, at which the Committee on monetary policy has kept the rate of compulsory reserves of commercial banks at 0.50%.

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Sterling has resumed its recent upward trend against the kiwi, buoyed by brief market selling in high-yielders and by the MPC minutes

Posted by Forex News Resource on October 21st, 2009

Sterling climbed over a cent and a half against the kiwi in trading yesterday as the market briefly turned bearish on higher-yielding currencies.

Click to continue reading “Sterling has resumed its recent upward trend against the kiwi, buoyed by brief market selling in high-yielders and by the MPC minutes”

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The pound is gaining against the aussie as risk appetite briefly dulls and sterling demand picks up

Posted by Forex News Resource on October 21st, 2009

The pound posted gains against the aussie dollar yesterday as risk appetite waned slightly with weak data emerging from the US and equities slipping back.

  • The US PPI unexpectedly decreased by 0.6% in September, disappointing expectations of a 0.1% rise, which raised concern over the strength of the US recovery.

Click to continue reading “The pound is gaining against the aussie as risk appetite briefly dulls and sterling demand picks up”

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Lower equites, dulled risk appetite yesterday enabling the US dollar to post gains against the euro

Posted by Forex News Resource on October 21st, 2009

The single currency slipped back from a fresh 14-month high against the dollar following further comments from the ECB that expressed apprehension over the euro’s strength.

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Aussie resumes its climb against the pound, but has capped gains this morning

Posted by Forex News Resource on October 20th, 2009

The aussie dollar continued its upward trend yesterday, pushing on nearly one percent against the pound following bullish words from an RBA official.

  • The Australian dollar rose as a Reserve Bank of Australia official said a move to “more normal” interest rates was appropriate, indicating that the yield gap may widen further.
  • Philip Lowe, assistant governor of the RBA, also mentioned at the conference in Sydney that it was “appropriate” to remove monetary stimulus as the economy improves boosting demand for higher-yielding assets.

Click to continue reading “Aussie resumes its climb against the pound, but has capped gains this morning”

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Goldman Sachs recommends buying a pound / dollar

Posted by maradona on October 15th, 2009
Currency strategists Goldman Sachs recommend buying a couple of pound / dollar. The bank believes that the short-term weakening of the dollar will continue.

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Strong commodity prices and doubts over the UK economy allow the aussie to gain further ground

Posted by Forex News Resource on October 13th, 2009

The Australian dollar continued to push higher yesterday, advancing over a cent as sentiment towards the higher-yielding currency remained positive.

  • Commodity currencies, such as the aussie, made progress yesterday in line with stronger prices for oil and metals.

Click to continue reading “Strong commodity prices and doubts over the UK economy allow the aussie to gain further ground”

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Demand for the kiwi remained strong yesterday, but it has lost ground in the wake of comments from Ben Bernanke

Posted by Forex News Resource on October 9th, 2009

The pound edged down against the kiwi as rising risk appetite in the market offset the BoE’s decision to hold their monetary policy unchanged.

  • Investors continued to buy into the higher-yielding New Zealand dollar, encouraged by rallying global equity markets and a broadly weaker dollar.
  • In the UK, the BoE kept interest rates at 0.5% and decided against extending the quantitative easing programme as some had feared.
  • However, the decision only gave the pound a muted boost against the kiwi, as investors had already priced the news into the market.
  • In trading this morning, the kiwi has trimmed its gains as investors lock in some profits and as comments from the Fed Chairman suggested that the US may need to tighten monetary policy, spurring a slight return to the US dollar.
  • However analysts have noted that overall market sentiment towards the kiwi is still pretty bullish, and that any upward movement for the pound is likely to be as a result of profit taking, rather than decreasing demand for kiwi assets.
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Pound advanced vs a weakened dollar yesterday, supported too by a hold in the UK’s QE programme

Posted by Forex News Resource on October 9th, 2009

The pound climbed just over a cent (0.6%) against the dollar, buoyed by the BoE’s decision to keep its assets purchase scheme on hold.

  • In early trading sterling moved up against a broadly weak dollar, supported by expectations that the BoE would keep interest rates unchanged and maintain its current level of quantitative easing.

Click to continue reading “Pound advanced vs a weakened dollar yesterday, supported too by a hold in the UK’s QE programme”

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Investors were cautious yesterday ahead of an ECB rate decision, but the euro has rebounded this morning

Posted by Forex News Resource on October 8th, 2009

The euro relinquished some of its recent gains against the greenback yesterday, with investors on the defensive ahead of the ECB rate decision today.

Click to continue reading “Investors were cautious yesterday ahead of an ECB rate decision, but the euro has rebounded this morning”

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Rate rise to 3.25% in Australia boosts demand for the aussie

Posted by Forex News Resource on October 7th, 2009

The Australian dollar continued to push record highs yesterday, supported by the RBA’s decision to raise rates as the global financial crisis eases.

Click to continue reading “Rate rise to 3.25% in Australia boosts demand for the aussie”

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Single currency pushed higher vs the dollar, which came under heavy selling pressure

Posted by Forex News Resource on October 7th, 2009

The single currency made strong gains yesterday as the dollar came under pressure about its future status as the chief currency used in oil trades.

  • The single currency broached two week highs as a report came through that Arab States were in secret discussion to find alternatives to using the dollar in oil trades.

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Stong servies data and rallying equities were unable to buoy a weak pound yesterday, enabling the dollar to creep up

Posted by Forex News Resource on October 6th, 2009

The pound continued to edge downward, undermined by speculation ahead of the MPC meeting later this week.

  • Data revealed that Britain’s services sector grew more strongly than expected in September, expanding at its fastest rate for two years, quelling fears over the UK recovery following weak PMI data in the manufacturing and construction industries last week.

Click to continue reading “Stong servies data and rallying equities were unable to buoy a weak pound yesterday, enabling the dollar to creep up”

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Pound made gains against the aussie on Friday following weak US data

Posted by Forex News Resource on October 5th, 2009

The pound advanced a further cent against the aussie on Friday, building on strong gains, as investors remained cautious following weak US employment figures.

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Data revealed a growing confidence among New Zealand businesses, which has driven the pound down further

Posted by Forex News Resource on October 1st, 2009

The pound reverted back to its downward trend against the kiwi in trading yesterday, losing 0.8% to close the day near last week’s lows at 2.2163.

Click to continue reading “Data revealed a growing confidence among New Zealand businesses, which has driven the pound down further”

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