Yellen confident ahead of December meeting

Yellen confident ahead of December meeting As the December FOMC meeting looms all eyes turn to the US as data releases and speeches will be closely scrutinised. Yesterday we had speeches from Fed chair Yellen followed by FOMC member Williams.  The overall rhetoric of the speech was positive surrounding the US economy and Yellen believed … Read more Yellen confident ahead of December meeting

Jackson Hole positive after recent market turmoil

Written by: Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] W: foremostcg.wpengine.com The impact of last week’s turmoil is still being felt across the globe as fresh concerns surrounding the Chinese economy were triggered this week as global equities struggled. Coupled with the continued fall in oil prices, the current outlook for investors is … Read more Jackson Hole positive after recent market turmoil

GBP/AUD Rises After Kiwi Rate Cut

GBP/AUD Trading Above $2 The GBP/AUD rose to trade above $2 again on Thursday after the Reserve Bank of New Zealand announced a 25 basis point cut to their interest rate, weakening the Kiwi dollar and dragging the Aussie down in the process. It was the first rate cut by the Kiwi central bank in … Read more GBP/AUD Rises After Kiwi Rate Cut

GBP/CHF British manufacturing and Swiss unemployment both fall

There was a shortfall of data this week from both economies, however, although there was a lack of data the figures released did enough to have a negative impact. Kicking off the week we had British retails sales year on year which was estimated at 0.5%, however, these equalled previous figures of 0.2%. Many analysts … Read more GBP/CHF British manufacturing and Swiss unemployment both fall

GBP/AUD touches $2

Pound rises as rate cut speculation mounts Australian unemployment data released on Thursday has further compounded the Aussie dollar’s woes, pushing the pound up towards AUD$2 – levels not seen for just over five years. The Aussie has weakened significantly over the last few months, also dropping to a five and a half year low against the … Read more GBP/AUD touches $2

GBP/AUD Settles Around 1.95

GBP/AUD Trades Flat The dust seems to have settled after the interest rate cut announced by the Reserve Bank of Australia last Tuesday, with GBP/AUD settling around 1.95, not far off a five and a half year high. The graph below shows GBP/AUD movement over the last 7 days, with the reaction from the interest … Read more GBP/AUD Settles Around 1.95

GBP/CAD falls away

GBP/CAD falls away after poor unemployment data It has been a quiet start to the week for the GBP/CAD cross, with no data of note from either side so far and a Canadian bank holiday yesterday. Today in Canada, the only event of note is a speech by deputy governor, Lawrence Schembri.  However, it’s been an important day … Read more GBP/CAD falls away

GBPCHF volatility

During September we witnessed an unusual amount of volatility on GBPCHF due to a number of reasons. The Scottish referendum played its role, sparking wide swings. GBPCHF traded between 1.4900 and 1.5500, which is over a 4% move! With the rate starting to consolidate and heading down towards 1.5300, CHF buyers, if they haven’t already, … Read more GBPCHF volatility

CHF still stong amid global uncertainty

In times of global economic turmoil funds flood into the relative safety of stable currencies like the USD, CHF and YEN. With instability in the Middle East continuing, the CHF has continued to strengthen against the pound. Technical levels for GBPCHF remain at 1.5000 support and resistance at 1.5400. When the US bombing campaign in … Read more CHF still stong amid global uncertainty

GBP/AUD Drops Below 1.80 After Mark Carney Speech

GBP/AUD Loses Two Cents   We finally saw some significant movement in GBP/AUD on Wednesday after a speech from Mark Carney following the Bank of England’s quarterly inflation report. The currency pair had been trading in a narrow range in the week prior to the announcement but sterling has since dropped two cents to the … Read more GBP/AUD Drops Below 1.80 After Mark Carney Speech