Day Trading

The pound is heading for a fourth weekly gain against the Dollar and Euro after BoE left rates unchanged at 0.5% and kept the asset purchase program unchanged also. Focus will turn to the quarterly Inflation Report to be released on August 11 and minutes to be released on August 18. The dollar is on...
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ZAR Day Trading South African consumer price inflation slows. A much busier than usual week of South African statistics delivered loads of economic evidence and no movement for the rand. Employment in the second quarter of the year was not as difficult as the first quarter; 61k jobs went in Q2 after 171k job losses...
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Low inflation print suggests no change for AUD interest rates this week. Two inflation measures last week rained on the parade of those looking for higher Australian interest rates. At the beginning of the week the producer price index – factory gate prices – went up by 0.2% in the second quarter of the...
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The US dollar index closed lower for the 8th week in succession as doubts about the US recovery continued to weigh on the greenback, along with concerns about further monetary stimulus in the face of continued economic weakness. Better economic data out of Europe and more specifically Germany has also boosted the single currency...
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Despite yesterday’s lower US close, European markets have been trading broadly higher today, if a little subdued, after a number of companies posted better than expected Q2 earnings, across a number of sectors. Amongst those reporting were AstraZeneca, who raised their forecasts for full-year core earnings to between $6.35 and $6.65 a share, up...
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Bank of Canada raises its overnight rate from 0.5% to 0.75%. Having started off from $1.61 last Monday the pound was unable to make it any higher, although it did have another look at that level on Tuesday and again on Friday. On Wednesday and Thursday it tested support at $1.58. When London...
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After two days oscillating between SFr1.60 and SFr1.61 the pound slumped to SFr1.5850 on Thursday. On Friday it shot up above SFr1.62 and was higher at SFr1.63 by the time London opened this morning. Swiss exports and imports were both lower in June but it was imports that fell more quickly, allowing the trade...
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Last week’s starting point marked the low for sterling financial spreads. By the middle of the week it had peaked and settled back into what looked mainly like a one cent range. The euro continued its recovery against the Swiss franc last week just as it did against almost every other currency. It...
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Japanese data either astonishing or dull; no middle road. Weekly JPY Review: A two and a half yen range held the pound. It opened in London this morning unchanged on the week. The yen’s struggle for inspiration was as difficult as ever. Industrial production stagnated, with a 0.1% increase in May. The 20.4%...
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Swissy gets back into step with the euro, but for how long? Sterling never really made it above Monday’s Swiss franc starting point. Although it did have another look at that level on Tuesday it spent the rest of the week on the slide. The low came on Tuesday morning, just as London was...
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