• Euro runs into a few sellers

    What goes up in these markets invariably comes back down and we've seen traders long of Euros take some money off the table with large option contract expiries today above 1.1800 helping to cap.

    EURUSD rallied further yesterday to 1.1861 but back since to 1.1770 and with it EURGBP down to 0.8934 (GBPEUR up to 1.1194) from 0.9017 (1.1090)

    The EURGBP selling has helped underpin GBPUSD around 1.3160 but with rallies above 1.3200 tempered by general USD demand. Overall the Pound is finding mixed fortunes still. UK retail sales at 09.30 GMT the data in focus today.

    USDJPY fell to 112.48 yesterday but has since recovered to 113.20 as the Nikkei 225 equity market posts some gains after recent heavy falls. USDCHF had another wobble into 0.9850 yesterday on the generally USD weaker tones but bounced back to 0.9910 before running into fresh sellers as EURCHF sellers returned.

    Aussie $ is on the back foot still and making its mind up while the Canadian$ also found a few sellers again as oil prices retreated further and soft domestic data.

    Some good two-way action prevailing so get your orders in to take full advantage of the moves.

    Have a good day one and all.

    Interbank Rates 06.25 GMT

    GBPUSD 1.3185

    EURUSD 1.1792

    EURGBP 0.8945

    GBPEUR 1.1180

    USDJPY 112.95

    AUDUSD 0.7599

    USDCAD 1.2758

    GBPAUD 1.7344

    GBPCAD 1.6816

    GBPCHF 1.3035

    GBPZAR 18.9382

    GBPHKD 10.2185

    EURHKD 9.1400

    GBPSGD 1.7866

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  • Euro feels the love again

    Ok, it may only be a yellow jersey in the current race to be best of an average bunch but markets are now believing that the recent falls, following last month's dovish ECB meeting, have gone far enough for the moment.

    Throw in some better EZ data ans softer USD tones and we have EURUSD up posting 1.1803 having finally broken out of recent tight ranges and with it EURGBP up to 0.8980 (GBPEUR down to 1.1135) in rapid fashion.

    That EURGBP demand has helped cap GBPUSD again around 1.3160 having held 1.3080 twice yesterday following softer than expected UK inflation data.Overall the Pound is finding mixed fortunes again though as each currency works its own agenda. UK wages/jobs data at 09.30 GMT in focus. Yesterday's ECB panel discussion involving Carney, Drahghi, Yellen and Kuroda produced little of note.

    USDJPY has been down to test 113.00 and USDCHF had another wobble into 0.9880 on the generally USD weaker tones but EURCHF remains underpinned still and rising back up to 1.1680

    Aussie $ sellers have prevailed after AUDUSD fell through 0.7600 while the Canadian$ also finds a few sellers again as oil prices retreat a little further after recent strong gains.

    The latest sharp spike in the Euro reminds us that we should not take anything for granted in this ever-fickle world of forex, so get your orders in to take full advantage of any decent moves.

    Have a good day one and all.

    Interbank Rates 06.35 GMT

    GBPUSD 1.3153

    EURUSD 1.1794

    EURGBP 0.8965

    GBPEUR 1.1153

    USDJPY 113.13

    AUDUSD 0.7588

    USDCAD 1.2730

    GBPAUD 1.7331

    GBPCAD 1.6745

    GBPCHF 1.3033

    GBPZAR 18.9265

    GBPHKD 10.1975

    EURHKD 9.1433

    GBPSGD 1.7868

    Read more...

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  • Consolidation time as we wait on data and talking heads

    Lots on the menu today with a slate full of CPI data from the UK and Eurozone but also with the heads of BOE, US Fed, BOJ and ECB all speaking this morning at an event hosted by the ECB.

    GBPUSD fell to 1.3060 again yesterday but been back up to 1.3135 given a lift late in the day by news that any Brexit agreement will be put to a vote in parliament. All smoke and mirrors though and sellers have been quick to jump back in with EURGBP rising to 0.8915 (GBPEUR down to 1.1220) from 0.8885 (1.1250).Overall the Pound is finding mixed fortunes as each currency works its own agenda. UK CPI at 09.30 GMT in focus then Carney speaking at the ECB forum.

    EURUSD still tightly bound but underpinned around 1.1670 while USDJPY has been caught in the headlights a little between 113.30-75 with Yen plays as well USD plays in focus.USDCHF had another wobble into 0.9930 but the level has held again with EURCHF underpinned again still and rising back up to 1.1640

    Aussie $ sellers have prevailed again on softer domestic and Chinese data and AUDUSD has fallen to July lows of 0.7611 while the Canadian$ also finds a few sellers as oil prices retreat a little further after recent strong gains.

    Trading in ranges maybe but that makes it even more important to get the best out of the moves, and we take nothing for granted in this ever-fickle world of forex, so get your orders in to take full advantage of any decent moves.

    Have a good week everyone.

    Interbank Rates 06.18 GMT

    GBPUSD 1.3115

    EURUSD 1.1671

    EURGBP 0.8898

    GBPEUR 1.1240

    USDJPY 113.65

    AUDUSD 0.7633

    USDCAD 1.2742

    GBPAUD 1.7181

    GBPCAD 1.6711

    GBPCHF 1.3071

    GBPZAR 19.0262

    GBPHKD 10.1695

    EURHKD 9.0330

    GBPSGD 1.7850

    Read more...

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  • Pound feels a little heat again

    The temperature may be cold outside but things are hotting up for the Pound as Brexit and UK domestic political intrigue combine to undermine once again.

    GBPUSD rallied to 1.3220 on Friday after a wobbly start but we've opened lower again in Asia and now been back down to recent support lines around 1.3080 with EURGBP rising to test 0.8900 (GBPEUR down to 1.1235). Overall the Pound is also on the back foot albeit within recent ranges.

    EURUSD still tightly bound but fallen back a tad to 1.1637 from 1.1670 while USDJPY has failed at 114.00 again and been back down to 113.30.USDCHF has found support around 0.9930 but still has sellers poised but EURCHF underpinned again too for the moment.

    Aussie $ sellers have prevailed encouraged by the dovish RBA statement tones I mentioned on Friday, while the Canadian$ is still enjoying a few gains as oil prices remain firm albeit off recent highs.

    Trading in ranges maybe but that makes it even more important to get the best out of the moves, and we take nothing for granted in this ever-fickle world of forex, so get your orders in to take full advantage of any decent moves.

    Have a good week everyone.

    Interbank Rates 06.35 GMT

    GBPUSD 1.3117

    EURUSD 1.1650

    EURGBP 0.8880

    GBPEUR 1.1260

    USDJPY 113.343

    AUDUSD 0.7659

    USDCAD 1.2683

    GBPAUD 1.7126

    GBPCAD 1.6637

    GBPCHF 1.3070

    GBPZAR 18.8647

    GBPHKD 10.1696

    EURHKD 9.0316

    GBPSGD 1.7856

    Read more...

    0 comments

  • USD still making its mind up

    More of the same as this week heads for the finishing line in limp mode. Markets expecting a US rate hike next month but now largely factored in.

    GBPUSD had a look under 1.3100 again but has since been up to 1.3160 but EURGBP has also risen to 0.8867 (GBPEUR down to 1.1278). Overall the Pound is currently in consolidation mode again.

    EURUSD still tightly bound but underpinned and has rallied to 2-week highs of 1.1655 while USDJPY has fallen further to 113.10. USDCHF has been down to 0.9940 on general USD supply yesterday with EURCHF getting sold off again above 1.1600.

    Aussie $ has found a few buyers again as the RBA leaves interest rates on hold but sellers encouraged by dovish statement tones while Canadian$ is still enjoying a few gains as oil prices remain firm. NZD$ has found a few sellers again after the central bank-led rally.

    Quiet still for the moment but we take nothing for granted in this ever-fickle world of forex so get your orders in to take full advantage of any decent moves.

    Have a great week-end everyone.

    Interbank Rates 06.35 GMT

    GBPUSD 1.3147

    EURUSD 1.1647

    EURGBP 0.8857

    GBPEUR 1.1287

    USDJPY 113.35

    AUDUSD 0.7693

    USDCAD 1.2667

    GBPAUD 1.7092

    GBPCAD 1.6658

    GBPCHF 1.3070

    GBPZAR 18.7210

    GBPHKD 10.1928

    EURHKD 9.0306

    GBPSGD 1.7867

    Read more...

    0 comments

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