Posts Tagged ‘Decline’

the Data from UK have supported the pound

Posted by maradona on October 20th, 2009
Net public sector borrowing in September reached a record high, but were slightly above forecasts. The need for public sector cash flow in September also proved to be a record, but also below analysts’ forecasts.

Click to continue reading “the Data from UK have supported the pound”

Posted in News Comments Off

Sterling continued to rally at the end of last week, but has relinquished gains in trading this morning

Posted by Forex News Resource on October 19th, 2009

Sterling’s rally against the euro persisted on Friday, albeit with slightly less momentum, with the price closing the week at 1.0971, up 0.8% on the day.

  • Sterling’s volatile run continued with a modest climb at the end of last week, as investors squeezed what more they could out of a rally that is expected to fade.

Click to continue reading “Sterling continued to rally at the end of last week, but has relinquished gains in trading this morning”

Posted in Other Forex Comments Off

BNP Paribas expects continued decline of the British pound

Posted by maradona on October 14th, 2009
Analysts said BNP Paribas, in the medium term decline of the British pound will continue. However, note in the bank, now the main theme is the weakening U.S.

Click to continue reading “BNP Paribas expects continued decline of the British pound”

Posted in News Comments Off

The aussie continues to trade strongly, supported by risk appetite in the market

Posted by Forex News Resource on October 9th, 2009

The aussie climbed a further two cents yesterday as figures revealed rising employment in Australia, and as rising risk appetite supported strong demand for high yielding currencies.

  • The Australian dollar continued to push higher as encouraging data from the labour market gave investors further cause to buy into Australian assets.

Click to continue reading “The aussie continues to trade strongly, supported by risk appetite in the market”

Posted in Other Forex Comments Off

Kiwi halted its climb yesterday, as demand for higher-yeilding currencies weakened

Posted by Forex News Resource on October 8th, 2009

Sterling reversed a three-day decline against the kiwi, posting marginal gains following a rise in risk aversion, closing the day at 2.1682.

Click to continue reading “Kiwi halted its climb yesterday, as demand for higher-yeilding currencies weakened”

Posted in Other Forex Comments Off

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”

Posted in Other Forex Comments Off

The euro has made strong gains against the dollar, buoyed by a rise in risk and pressure on the US currency

Posted by Forex News Resource on October 6th, 2009

The euro posted solid gains against the greenback yesterday, as positive US data buoyed demand for the ‘riskier’ single currency.

  • The dollar remained weaker against the euro in trading, continuing its decline after last week’s weaker-than-expected US data failed to extinguish risk appetite
  • The dollar was also lower as traders read the absence of any new commitment on currencies from the G7 meeting over the weekend as a green light to sell the US currency.

Click to continue reading “The euro has made strong gains against the dollar, buoyed by a rise in risk and pressure on the US currency”

Posted in Other Forex Comments Off

The euro posted gains against the US dollar on Friday and has reached back over 1.46 this morning

Posted by Forex News Resource on October 5th, 2009

The single currency shrugged off worse-than-expected US non-farm payrolls data to post gains, closing up 0.2% at 1.4574.

  • Date revealed that the US economy lost 263,000 jobs in September, which was more than had been expected, according to official non-farm payrolls figures.

Click to continue reading “The euro posted gains against the US dollar on Friday and has reached back over 1.46 this morning”

Posted in Other Forex Comments Off

A rise in risk aversion weighed on the pound on Friday, supporting dollar gains

Posted by Forex News Resource on October 5th, 2009

The pound slid against the dollar on Friday, completing its third straight weekly decline, as demand for the haven currency found support from weak US employment data.

  • In early trading, risk appetite was down, with investors taking up defensive positions ahead of an expected rise in US unemployment figures.

Click to continue reading “A rise in risk aversion weighed on the pound on Friday, supporting dollar gains”

Posted in Other Forex Comments Off

Aussie made strong gains yesterday as further positive economic data supported investor demand

Posted by Forex News Resource on October 1st, 2009

Tuesday’s gains for the pound proved short lived as the aussie advanced over two cents (1.3%) to send the price down to a close of 1.8091.

Click to continue reading “Aussie made strong gains yesterday as further positive economic data supported investor demand”

Posted in Other Forex Comments Off

Sterling fell just 0.03% against the kiwi yesterday, but has suffered in trading this morning

Posted by Forex News Resource on September 29th, 2009

The pound slowed its rate of decline against the kiwi yesterday, falling just 0.03% as weak Asian trading dulled risk appetite.

  • The pound slipped lower, but stemmed its rate of decline as demand for the higher-yielding currency was curbed following weaker trading on the Asian markets.

Click to continue reading “Sterling fell just 0.03% against the kiwi yesterday, but has suffered in trading this morning”

Posted in Other Forex Comments Off

Pound fell lower against the dollar yesterday, but found some support to ease its rate of decline

Posted by Forex News Resource on September 29th, 2009

Sterling fell as persistent bearish sentiment pushed it to an intra-day four-month low of $1.5796 against the dollar, before closing at $1.5882.

  • The pound managed to pull back slightly from early losses after Chancellor Alistair Darling made a speech in which he reiterated the need to curb “reckless” bonuses.

Click to continue reading “Pound fell lower against the dollar yesterday, but found some support to ease its rate of decline”

Posted in Other Forex Comments Off

Dollar, Yen up Ahead of the G20 Meeting

Posted by Forex News on September 25th, 2009

The Dollar snaps a two week decline versus the EUR after disappointing U.S Home Sales data and ahead of the G20 meeting.

Click to continue reading “Dollar, Yen up Ahead of the G20 Meeting”

Posted in News Comments Off

Euro lost ground vs the dollar following an easing in risk appetite

Posted by Forex News Resource on September 25th, 2009

The greenback continued to rally against the single currency yesterday, buoyed by a rise in risk aversion, to close the day at 1.4660.

  • The dollar was under pressure yesterday after Wednesday night’s Federal Reserve meeting left investors with the message that US interest rates will remain very low for a long time.
  • The euro also made gains against the dollar as the German Ifo Business climate survey rose to its highest level in a year in September, though it did undershoot forecasts of a stronger advance.
  • However, the US dollar turned higher in the afternoon, after a report showed that sales of existing homes in America unexpectedly dropped in August, the first decline in five months.
  • The euro also erased gains after major central banks, including the Fed, announced they were scaling back some emergency lending facilities.
  • These gains were added to as US stocks turned negative in the afternoon, which further eased risk appetite in the market.
  • This morning, the euro has recouped some of its losses after a statement from the G20 encouraged speculators to sell the low-yielding greenback.
Posted in Other Forex Comments Off
« Older Entries
Newer Entries »

Sponsors:




RSS FeedSubscribe to our RSS feed!