Sterling Up On Retail Sales Data

Sterling Up On Retail Sales Data

David Sumner | 08:34 | 22/05/14
A hike in U.K. retail sales prompted the British Pound to rally for the fifth consecutive day against the greenback. The positive news bolstered speculation that the Bank of England could consider boosting the benchmark interest rate. British Pound Advances On ...
RBA Minutes Impact Aussie

RBA Minutes Impact Aussie

David Sumner | 09:55 | 21/05/14
Australia’s Dollar depreciated against its U.S. counterpart after the Reserve Bank published the minutes from the recent monetary policy meeting, which suggested that the bank could maintain the current low benchmark interest rate for some time to come. Message Impacts Australian ...
BOE Concerned Over Housing Prices

BOE Concerned Over Housing Prices

David Sumner | 09:55 | 20/05/14
The British Pound weakened against the shared currency as the Bank of England’s governor, Mark Carney voiced his concerns over the hike in real estate prices, which he said could be a problem for the nation’s economic recovery. Sterling Drops Against ...
Mixed Data Prompts Aussie To Rally

Mixed Data Prompts Aussie To Rally

David Sumner | 11:00 | 19/05/14
The Australian Dollar inched slightly higher against the greenback as market traders assessed mixed U.S. macroeconomic fundamentals issued on Friday. Also, the Australian yearly budget indicated plans for spending cuts. Budget Points To More Cuts The Australian Dollar gained towards the end ...
Peripheral Assets Decline

Peripheral Assets Decline

David Sumner | 08:35 | 18/05/14
The Euro depreciated against most Forex majors after market traders sold off E.U. government bonds on speculation that the European Central Bank could finally take action following lackluster reports issued on Thursday. Euro Posts Drop The Euro declined against the majority of ...
Australia May Reduce Deficit

Australia May Reduce Deficit

David Sumner | 11:34 | 15/05/14
Australia’s currency rose to the highest level in one month against the U.S. Dollar following the release of the annual budget by the Australian Treasury. The Aussie was supported by Joe Hockey’s suggestions on how to reduce the deficit. Aussie Dollar ...
Euro-Zone Expanded Sanctions List

Euro-Zone Expanded Sanctions List

David Sumner | 12:10 | 14/05/14
The Yen depreciated for the third day in a row against the greenback on signs that the crisis between Russian and the Ukraine could be subsiding, and as gains in equities reduced demand for harbor assets. No Need For Safety While it ...
Euro Dips On Stimulus Talk

Euro Dips On Stimulus Talk

David Sumner | 08:55 | 13/05/14
The Euro continued to trade close to a four-week low against the U.S. Dollar on forecasts that the Euro may continue to depreciate on speculation that the European Central Bank could boost stimulus in the coming month. Euro Hovers Near 4-week ...
Aussie Shrugs Off Chinese Data

Aussie Shrugs Off Chinese Data

David Sumner | 11:00 | 12/05/14
The Australian Dollar gathered momentum over the past week subsequent to solid economic reports that supported the Aussie’s climb, and despite releases out of China which had only a small impact on the currency. Australian Dollar Climbs On Data Australia’s Dollar strengthened ...
Draghi “Talks Down” Euro

Draghi “Talks Down” Euro

David Sumner | 12:35 | 11/05/14
The Euro slumped following comments by the European Central Bank’s President, in which he indicted that policy makers could boost stimulus by June. His comments prompted the Euro to drop after almost reaching $1.4000. Euro Weakens Against Greenback The Euro retreated from ...