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Daily Forex Commentary

26/05/2010 | OzForex

:: United States Dollar: Sterling is sitting higher against the US Dollar for the start of today’s session. Sterling was on the decline first thing yesterday morning as the FTSE 100 fell below the 5000 mark to 4913.69 - an eight month low. The fears over the level of debt in the ...
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Daily Forex Commentary

25/05/2010 | OzForex

:: United States Dollar: The Pound has fallen off against the Greenback. Early European trade yesterday saw the currency pair break the psychological barrier of 1.4500, but only briefly. As the UK session wore on, cable slipped as George Osbourne outlined details of the GBP 6.2 bn ...
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Daily Forex Commentary

24/05/2010 | OzForex

:: United States Dollar: The Pound has risen against the US Dollar for today’s start. The pair had threatened to break 1.4500 throughout Friday’s session, but the psychological big figure was too big to break. This isn't the case for this morning as the pair currently sits at ...
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Daily Forex Commentary

21/05/2010 | OzForex

:: United States Dollar: Cable remained range bound during yesterday’s session. The currency pair continued to move between the low of 1.4250 and the high of 1.4450. The Pound suffered during the UK session mainly based on heightened risk aversion, but also not helped by news that ...
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Daily Forex Commentary

20/05/2010 | OzForex

:: United States Dollar: Cable has picked up against the US Dollar overnight. The currency pair saw movement within a 200 point range yesterday seeing a low of 1.4250 and a high of 1.4450. UK BoE minutes saw the MPC vote 9 - 0 to keep interest rates at 0.5 % and leave QE at 200 ...
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Daily Forex Commentary

19/05/2010 | OzForex

:: United States Dollar: Sterling fell against the US Dollar during yesterday’s session. At the start of European trade yesterday both UK CPI and RPI data was released. Consumer price Index, inflation hit 3.7 %, which was well above the 2 % target and the highest rate since November ...
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Daily Forex Commentary

18/05/2010 | OzForex

:: United States Dollar: Cable has been wildly choppy in the past 24 hours. The currency pair had been as low as 1.4260 during the Asian session yesterday, but has broken 1.4500 since. Apart from there being notable Eastern European interest in the currency pair, Cable also would ...
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Daily Forex Commentary

17/05/2010 | OzForex

:: United States Dollar: Sterling has fallen lower against the US Dollar. Cable was just short of 1.5000 last Thursday, but we have seen the pair drop as low as 1.4260 in the past few hours. This was a 300 pip loss in the Asian session alone. The currency pair has fallen on the ...
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Daily Forex Commentary

14/05/2010 | OzForex

:: United States Dollar: Plenty of uncertainties have knocked the pound lower over the past 24 hours. Uncertainty over European deficit cutting plans, the UK conservative lib-dem coalition and a dovish BoE inflation report earlier in the week have contributed to the latest fall. Figures also ...
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Daily Forex Commentary

13/05/2010 | OzForex

:: United States Dollar: GBP/USD pushed up through the 1.5000 figure yesterday morning. The announcement of a new prime minister and short covering inspired the push but it failed to make it through resistance at 1.5050. It was not a consolidated move either as a bearish UK Inflation Report ...
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