Daily Comment

Euro Bounce, Pound Wary

The euro has bounced to a two-month high of $1.1371, leaving the 12-year low from March of $1.0457  in it’s rear view mirror. Will the momentum continue? Well, it’s certainly… more

EUR/USD Below 1.12

We’re watching EUR/USD closely today as it sticks  below 1.1200. Anything below this, and we reckon the pressure is down. The pair headed 20 pips or so over today, but… more

Thursday …Crazy markets but Calbuco signals bear market coming.

Have I lost my marbles or just given up. Well equities have suffered a bout of very bad data from China, Europe and the US but still risk appetite is… more

Friday update..Grexit … Rien ne va plus

Yes that’s t the call from UK Bookmaker William Hill who have closed the books on a Grexit. They will take no more bets on it happening and who can… more

Thursday update.. EUR fails again.

If we were getting a USD correction I think we can blame the EUR for failing to make the grade once again. After a brief surge to 1.0747 we are… more

Wednesday update..USD turn? or another Dead Cat

Weaker retail sales were the catalyst for a USD sell-off yesterday although early signs are maybe not so good for a sustained and more meaningful bounce. Chinese GDP came in… more

Tuesday update.. Chinese data looking soft

With Chinese trade data disappointingly weak 1st QTR. GDP is predicted to follow suit when released tomorrow. 7% or maybe lower are predicted numbers with concessions from officials that China… more

Next Update weekly review 12th April

Apologies to any regular readers but I have been struck down with very bad flu. I hope to update this weekend

Thursday update..Weak US data weighs on USD

Yesterdays weaker ISM employment data seems to be pointing to a possible disappointing NFP number on Friday. We are certainly due one and what better time than ‘ Good Friday[ when… more

Wednesday update..Risk appetite soft ahead of major events.

As Fridays NFP draws closer and we await news on Greece risk appetite has been soft with indices around the world mostly lower. Forex markets were mixed but although EUR/USD held… more

Next Page »