• Grim times for the Greenback still

    Defying all recent logic/correlations/data the US Dollar has continued to fall with USDJPY once again leading the way to post 3-year lows.

    GBPUSD has been up to thin-air heights of 1.4145 before running into sell interest with attention on the latest UK retail sales data due out shortly. EURGBP has been steady around 0.8875 (GBPEUR 1.1260) with EURUSD also rallying strongly. Overall the Pound has had a mixed time of it again.

    EURUSD has now posted fresh highs of 1.2556 but large option contracts in play helping to contain range while USDJPY has fallen to 3-year lows of 105.56.

    USDCHF has fallen further on the USD supply and dropped to 0.9190 with the SNB still unable to prevent the decline for the moment but EURCHF holding 1.1500 still.

    Aussie $ NZD, and Canadian $ have all enjoyed the USD supply despite softer commodity prices.

    Volatile days are here again so get your orders in to take full advantage.

    Tomorrow sees the mighty Shrimpers of Southend United back at the hallowed Hall taking on Portsmouth and hoping to keep the 4-match unbeaten run going. Bring it on!

    Have a good week-end one and all.

    Interbank Rates 08.40 GMT

    GBPUSD 1.4110

    EURUSD 1.2538

    EURGBP 0.8874

    GBPEUR 1.1267

    USDJPY 105.85

    AUDUSD 0.7984

    USDCAD 1.2451

    USDCHF 0.9i96

    GBPAUD 1.7697

    GBPCAD 1.7595

    GBPCHF 1.2992

    GBPZAR 16.3542

    GBPHKD 10.9395

    EURHKD 9.7111

    GBPSGD 1.8458

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  • US Dollar tumbles again despite strong inflation data

    Yesterday's US CPI data came in stronger than expected and we saw a decent knee-jerk rally across the board but USDJPY was a reluctant mover and that gave a hint that sellers were poised to jump in again. Cue a reversal in sentiment, the speed of which we haven't seen in recent sessions. Inflation not the only game in town right now.

    GBPUSD had been down to 1.3795 post-data after looking soggy for most of the day but then rallied to post 1.3975 by the end of US trading and then again in Asia which has seen another spurt to test 1.4050. EURGBP has been steady around 0.8900 (GBPEUR 1.1235) with EURUSD also rallying strongly. Overall the Pound has had a mixed time of it again.

    EURUSD has posted 1.2511 from 1.2280 lows while USDJPY has fallen to 15-month lows of 106.27 even with equity markets rallying and that's left traders and analysts scratching their heads given the recent strong correlations.

    USDCHF has finally given into the USD supply and dropped to 0.9228 but with the SNB still keeping an eye out and EURCHF holding 1.1500 to climb to 1.1588 amid the general Euro demand too.

    Aussie $ NZD, and Canadian $ have all enjoyed the USD supply/firmer commodity price double-whammy.

    Volatile days are here again so get your orders in to take full advantage.

    Have a good day out there one and all.

    Interbank Rates 08.12 GMT

    GBPUSD 1.4035

    EURUSD 1.2490

    EURGBP 0.8900

    GBPEUR 1.1235

    USDJPY 106.48

    AUDUSD 0.7961

    USDCAD 1.2473

    USDCHF 0.9257

    GBPAUD 1.7634

    GBPCAD 1.7514

    GBPCHF 1.2998

    GBPZAR 16.8785

    GBPHKD 10.8775

    EURHKD 9.6818

    GBPSGD 1.8417

    Read more...

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  • USD sellers notable again but ranging mostly

    It's been a relatively quiet 24 hours as we wait on US CPI and retail sales data later today.

    GBPUSD has been up to test 1.3930 again after yesterday's stronger UK inflation data hints at interest rate hikes but since been back to 1.3870 and continues to range with GBPJPY once again in play. EURGBP has found a few buyers again and posted 0.8911 (GBPEUR down to 1.1221) but overall the Pound has mostly consolidated after this week's losses

    EURUSD has found a few buyers on the general USD supply to post 1.2393 after holding support around 1.2320 with EURJPY and EURCHF plays notable again. Large option contract interest today should help contain range. USDJPY has fallen further to post 6-month lows of 106.83 this morning with Yen demand prevailing still but has since recovered a little as traders take money of the table.

    USDCHF has fallen further to 0.9306 but with the SNB never far away keeping an eye out with EURCHF finding support into 1.1500 still.

    Aussie $ NZD, and Canadian $ are all tightly bound too as markets pause for breath.

    Volatile days still though here so get your orders in to take full advantage.

    Have a good day out there one and all.

    Interbank Rates 08.40 GMT

    GBPUSD 1.3884

    EURUSD 1.2358

    EURGBP 0.8900

    GBPEUR 1.1238

    USDJPY 107.48

    AUDUSD 0.7864

    USDCAD 1.2580

    USDCHF 0.9337

    GBPAUD 1.7642

    GBPCAD 1.7467

    GBPCHF 1.2957

    GBPZAR 16.4439

    GBPHKD 10.7650

    EURHKD 9.5791

    GBPSGD 1.8328

    Read more...

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  • Pound on the backfoot still

    It's been a relatively quiet start to the week but with markets in fragile mood stil and with safe-haven play in vogue still we've seen a few losses for the Pound again..

    GBPUSD has been back below 1.3800 briefly again with GBPJPY once again leading the way lower but since been back up to 1.3861 as we wait on the latest UK inflation data at 09.30 GMT. Did the BOE have a sneaky peak before expressing their more hawkish tones last week? If they did then we can expect a stronger than expected report and a firmer Pound but if not then all thoughts of an early interest rate hike can go out the window again for the moment.

    EURGBP has found a few buyers again and posted 0.8898 (GBPEUR down to 1.1238) and overall the Pound has suffered a few losses as the new week gets underway with Brexit concerns never too far away.

    EURUSD has found a few buyers on the general USD supply to post 1.2338 after holding support around 1.2220 but with EURJPY and EURCHF plays notable again and helping to cap rallies. USDJPY has fallen further to post 5-moth lows of 107.67 this morning with Yen demand prevailing still.

    USDCHF has fallen to 0.9334 but with the SNB never far away keeping an eye out with EURCHF finding support into 1.1500

    Aussie $ NZD, and Canadian $ have all made a few gains on a generally softer US$/ firmer commodity price double whammy.

    Volatile days still here so get your orders in to take full advantage.

    Have a good day out there one and all.

    Interbank Rates 08.30 GMT

    GBPUSD 1.3861

    EURUSD 1.2320

    EURGBP 0.8890

    GBPEUR 1.1250

    USDJPY 107.70

    AUDUSD 0.7867

    USDCAD 1.2570

    USDCHF 0.9353

    GBPAUD 1.7612

    GBPCAD 1.7425

    GBPCHF 1.2957

    GBPZAR 16.4960

    GBPHKD 10.7472

    EURHKD 9.5531

    GBPSGD 1.8313

    Read more...

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  • Markets still in fragile mood

    Last week saw a roller coaster ride of risk sentiment as equity market tumbled and turned but mostly the former and Brexit reared its ugly head again.

    GBPUSD had a late dip in US trading on Friday to post 1.3765 but has since been back up to 1.3877 with GBPJPY interest once again leading the way down, and up. EURGBP has found a few buyers again and posted 0.8877(GBPEUR down to 1.1265) only to run into fresh sellers. Overall the Pound has had a mixed time of it after last week's BOE-led rally but generally softer with Brexit talks back in focus and will be again this week.

    EURUSD has remained on the back foot but continues to find support around 1.2220 with EURJPY and EURCHF plays notable again. USDJPY fell to test 108.00 but since looked at 109.00 again.

    USDCHF has fallen again to test 0.9350 but with the SNB never far away keeping an eye out. EURCHF lower again too on the weaker Euro/safe-haven Franc combo but finding support into 1.1550

    Aussie $ NZD, and Canadian $ have all made a few gains on a generally softer US$ firmer commodity prices after another dip.

    Volatile days still here so get your orders in to take full advantage.

    On Saturday the mighty Shrimpers of Southend United returned to the hallowed Hall and beat table-toppers Wigan in handsome style making it 3 wins in 3 for new manager Chris Powell, a feat not achieved by an incoming manager at SUFC for 58 years!

    England's 6 Nations rugby campaign continued with a narrow victory versus Wales who will claim, rightly, to have been harshly treated by the TMO but England now 2/2 and still on course for the Grand Slam.

    Have a good week out there one and all.

    Interbank Rates 08.45 GMT

    GBPUSD 1.3864

    EURUSD 1.2279

    EURGBP 0.8857

    GBPEUR 1.1305

    USDJPY 108.73

    AUDUSD 0.7816

    USDCAD 1.2571

    USDCHF 0.9381

    GBPAUD 1.7729

    GBPCAD 1.7425

    GBPCHF 1.3003

    GBPZAR 16.5720

    GBPHKD 10.7488

    EURHKD 9.5080

    Read more...

    0 comments

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