Sharp Fall in the British Pound

Cable (GBP/USD) has dropped by around 140 pips today, slipping below 1.9600 upon the release of UK purchasing managers index, which fell to 59.2 in January compared with 60.6 in December, below market's....

How the Market Might Move Next Week

Movements were chaotic across many currency pairs, particularly the majors. The US dollar first fell, and then climbed in a frantic manner before the forex market closed on Friday, which I suppose was...

US Unemployment Rate Rises

US January non-farm payrolls gain was up 111,000, which was below market's expectations of a 155,000 increase, but in line or slightly better than expected when the prior month revisions are....

US Dollar Vulnerable to Payrolls Data Today

US core personal consumption expenditures (PCE) - excluding food and energy - inched 0.1% higher (0.2% expected) in December compared with a month earlier. It was unchanged in November. Compared with a year earlier, the core PCE price index rose 2.2% in December, the same...

US Dollar Plunges Before FOMC Rate Decision

US 4Q GDP data showed a surge in growth, but also included an inflation gauge that was very low. The government's price index for personal consumption expenditures actually fell, slipping by........

Africa: Oil, Global Influence Driving Hu Jintao's Trip

"Africa: Oil, Global Influence Driving Hu Jintao's Trip Email This Page Print This Page Inter Press Service (Johannesburg) January 29, 2007 Posted to the web January 29, 2007 Moyiga Nduru Johannesburg China's energy-hungry economy and global influence are...

Juncker May Talk About Yen Weakness in G7 Meeting

According to the Bloomberg, Europe is seen preparing a draft that offers a warning that delay of a Bank of Japan's rate hike could further distort the Yen rate. It says a draft prepared for European Union's Juncker who is....

Be Wary Of Investment or Trading Scams

I'm sure many of you have come across advertisements in newspapers that scream out something like "Make $1000 per week with XYZ". In these ads, XYZ could refer to Forex, Options, Stocks or other derivatives, depending on who or which company is advertising. On the CFTC...

Swiss National Bank Unhappy With Weak Franc

Shining the spotlight on USD/CHF, Swiss National Bank (SNB) President Jean-Pierre Roth has warned the forex market that weakness in the Swiss Franc goes against "sound fundamentals". He also warned....

Will Yen Weakness Be A Concern In G7 Meeting?

USD/JPY has been quite volatile today with talk swirling in the market about whether recent Yen weakness will be discussed at the G7 meeting next week. Japan's Ministry of Finance Watanabe said today that he does....

Is UK 1Q Rate Hike A Gone Case?

the latest Bank of England Monetary Policy Committee meeting minutes showed that only five, rather than seven, of the nine members voted for the rate hike last time round. This rather dovish scenario reduced expectations......

British Pound Hits 14-Year High Against US Dollar

The British Pound has rallied strongly today, unaffected by a rather mixed picture for the CBI's industrial trends survey. Weakness in the monthly trends survey in January (-9 vs -6 forecast) was offset by a improved outlook (expectations +12 vs +11 expected). As.....

Fed Says Current Monetary Policy Sufficient to Cool Inflation

Currency pairs (both majors and crosses) have been moving within a tight volatility range, with no major fundamental news on the tap to stimulate fresh strength or weakness. There was hardly any response to remarks made by Fed's Yellen; she repeated that current US...

US Inflation Is Likely to Recede This Year

Kansas City Fed President Hoenig said that US monetary policy is "modestly restrictive", and is well-positioned to bring down inflation in 2007. He expects the economy to move back to

UK Christmas Retail Sales Best In 3 Years

UK retail sales post the strongest Christmas sales performance since 2003 according to data released today. UK December retail sales rise 1.1% (vs 0.5% expected) in December from November, marking the best monthly performance since.....