Daily Look

The spanner in the workings of FX markets last week was the interest rate cut from China on Friday. The initial reaction saw the Aussie gain, together with stocks, as …

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With the Federal Reserve telegraphing to financial markets that a rate tightening cycle is slowly emerging on the horizon, the liquidity baton used to insulate global growth has been passed …

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It’s not often you have a Japanese official talking about the yen being too weak, but we did overnight, something which put pay to the up-move in USDJPY. Finance Minister …

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The minutes to the October FOMC meeting in the US reflected a greater concern with the global economy, a theme that has become increasingly prevalent in recent weeks. There was …

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The main focus for markets today will be the minutes to the November Bank of England policy meeting. Given the tone of the recent Inflation Report, which revised down inflation …

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Most majors were confined to established ranges during the European session yesterday after the initial gyrations in the wake of the Japanese GDP data. The euro was perhaps the only …

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The troubles for Japan have worsened as the latest growth numbers showed the economy contracting by 0.4% in the third quarter. The market had expected a modest rebound after the …

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Crude oil still hasn’t learned any manners. West Texas Intermediate prices plunged almost four percent yesterday, down almost twenty five percent for the year thus far – shocking traders who …

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Yesterday’s session was hardly lit up by fireworks but the main mover once again was sterling which suffered further declines across the board. EURGBP edged higher to recapture 0.7900 and …

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We mentioned yesterday that sterling could struggle to sustain its recent strength in particular against USD and it gave up on the 1.5900 and has now broken below the previous …

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