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US stocks hit new record highs. GBP and EUR both lower after reaching fresh 2018 peaks. FX markets becoming much more volatile

18/01/2018 | OzForex

It is not quite yet at Bitcoin levels of randomness and volatility, but the British pound yesterday evening had another totally unexplained surge and reversal with no incoming news at all to support it.
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USD spikes lower overnight but then reverses losses. GBP and EUR both lower after briefly hitting fresh 2018 highs

17/01/2018 | OzForex

There has been a 60 pip jump in EUR/USD and a 40 pip jump in GBP/USD which was entirely unexplained by any news story or headline.
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GBP a touch weaker ahead of CPI data and on fresh Brexit news. USD steadies after Monday’s sharp drop.

16/01/2018 | OzForex

It’s quite unusual to begin a commentary on the GBP by noting that it is lower than last night’s closing levels.
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GBP and EUR steady after last week’s surge.

15/01/2018 | OzForex

The Pound starts the week after an enormous swing from Thursday’s low to Friday’s close and one of the biggest daily rallies in recent memory.
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EUR extends gains against GBP after ECB shock. USD steady at lower levels ahead of CPI figures today.

12/01/2018 | OzForex

The GBP had a classic day of two halves on Thursday; weak in the morning after the publication of the BoE Credit Conditions Survey (see below) but then rallying hard against the USD – but not the AUD, NZD or EUR - during the London afternoon.
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US recovers all its losses after China calls bond buying story “fake news”. GBP is weakest of the major currencies

11/01/2018 | OzForex

The GBP was notably weak early on Wednesday, hitting a fresh 2018 low of USD1.3486 before jumping more than half a cent on the Chinese comments about buying US bonds (see US Dollar).
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GBP awaits economic data and Brexit progress. USD supported by higher yields but will stock market suffer?

10/01/2018 | OzForex

The pound generally struggled on Tuesday and ended the day the second-weakest of the major currencies after the euro. Overnight in Asia it is bottom of the pile; down against all the currencies we track here.
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USD hits best level of the New Year. EUR weighed by German politics, GBP calm after govt reshuffle.

09/01/2018 | OzForex

After a mixed week in which it raced up to a high of USD1.3608, then came back down equally rapidly to 1.3500 before finishing on Friday evening at USD1.3565, the GBP had another up and down day on Monday.
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GBP lower ahead of Cabinet reshuffle. AUD hit by lower iron ore forecasts. USD edges higher but NZD is top performer so far.

08/01/2018 | OzForex

The British Pound had a mixed week and finished just above the mid-point of its range against the US Dollar.
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USD holding just above recent lows ahead of US employment report. GBP awaits car registration numbers after EUR/USD hits fresh 3-year high

05/01/2018 | OzForex

After a very strong start to the New Year, the GBP has been spinning its wheels as it tries to gain traction.
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