More of the same as a new week beckons
Mike Paterson’s Daily Forex Brief We’ve seen further weakening of the Pound after the dismal first reading of the Q4 GDP data on Friday and, as per printed programme, traders have duly sold GBP across...
View ArticleEuro still holding gains as January nears a close
Mike Paterson’s Daily Forex Brief It’s been Euro strength all the way in January and there seems no end to that just yet as month-end approaches. True, EURUSD has still to break up through key...
View ArticleIt’s all kicking off again ahead of US GDP and FOMC later
Mike Paterson’s Daily Forex Brief After a lively day within contained ranges we’ve now seen a flurry of activity in Asia and early European trading ahead of US Q4 GDP and interest rate decision from...
View ArticleConsolidation time as US leaves rates on hold citing economic “pause”
Mike Paterson’s Daily Forex Brief Last night the US Fed left interest rates on hold but the accompanying statement from the FOMC left little for traders to trade off. The essence of it was that the Fed...
View ArticleEuro rallies again as Yen sinks ever lower
Mike Paterson’s Daily Forex Brief After the consolidation comes the continuation of the trend, as is invariably the way, and we’ve now seen the Euro make further gains with the Yen under pressure once...
View ArticlePound takes another hit in volatile trading
Mike Paterson’s Daily Forex Brief Chaos and mayhem ensued after Friday’s US jobs data despite the figures coming in close to expectation and we saw a blistering session which had traders chasing their...
View ArticleEuro dips then finds decent support in good two-way business
Mike Paterson’s Daily Forex Brief Yesterday saw a further retracement in the Euro continuing into Asia, but since then we’ve seen a decent recovery across the board. As the concerns over “Euro...
View ArticleEuro consolidates as the Pound, Yen and Aussie weaken further
Mike Paterson’s Daily Forex Brief The last 24 hours has seen another volatile day echoing the trend of recent weeks with the Euro consolidating gains and pressure mounting further on the Pound, Yen and...
View ArticleRelative calm as traders await BOE & ECB decisions
Mike Paterson’s Daily Forex Brief It’s been a quiet 24 hours as markets await today’s latest decisions on interest rates and QE from the BOE and ECB, but we can expect it all to kick off again soon...
View ArticleEuro falls after Draghi comments – Pound and Yen strengthen
Mike Paterson’s Daily Forex Brief Yesterday the BOE and ECB left interest rates and QE on hold as expected, but in the ECB press conference Draghi appeared not to rule out further monetary easing and...
View ArticleEuro slides again after US Trade Balance despite EU Budget agreement
Mike Paterson’s Daily Forex Brief I normally refer to the last day of the week as Frantic Friday and the last one didn’t let us down with some highly volatile trading and the Euro continuing to fall....
View ArticlePound under attack again ahead of inflation data
Mike Paterson’s Daily Forex Brief Yesterday I suggested that the Pound was due for another potential slap after GBPUSD had failed to hold above 1.5800 and so it’s proved after a brief respite from its...
View ArticleSterling Ended Last Week in a Positive Fashion
By Carl Hasty, Director of Smart Currency Business Will UK data support sterling’s recent strong performance? Sterling rounded off last week in positive fashion, thanks to words of encouragement for...
View ArticleNo.1 Currency acquires InterCash Bureau de Change
No.1 Currency, a leading provider of retail foreign exchange in the UK, has today announced the acquisition of six InterCash Bureau de Change outlets. The acquisition of the InterCash outlets by No.1...
View ArticleUS Dollar continues its bullish rally
Forex Preview (EURUSD, USDJPY, GBPUSD) – 03/09 The US Dollar continues to maintain its bullish rally, with most of its peers hitting multi-month lows providing no respite, especially to the Euro and...
View ArticleState Street’s TruCross/FX Solution Now Live
Solution Creates Trading Efficiencies in Electronic Foreign Exchange Benchmark Trading State Street Global Markets today announced that its TruCross/FX platform is now live and available to...
View ArticleOversight Committee publishes report on role of Bank officials in relation to...
The Oversight Committee has today published an independent report by Lord Grabiner QC. This follows his investigation into whether, between 2005 and 2013, any Bank of England official was involved in,...
View ArticleEBS to unveil a cutting-edge, next generation integrated trading platform
HTML5-based, seamlessly deployed and delivered EBS, ICAP’s market-leading electronic FX business, has announced today that it will be unveiling a cutting-edge, integrated trading platform. Pushing the...
View ArticleCorsair Capital and Palamon Capital Partners to acquire foreign exchange and...
Palamon Capital Partners, a pan-European growth investor, and Corsair Capital, a leading private equity investor in global financial services, today announced an agreement to jointly acquire control of...
View ArticleEBS BrokerTec acquires Molten Markets
Acquisition completes EBS’s offering for all customer segments EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that it has acquired...
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