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Euro 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...
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It’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...
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Consolidation 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...
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Euro 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...
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Pound 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...
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Euro 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...
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Euro 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...
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Relative 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...
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Euro 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...
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Euro 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....
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Pound 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...
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Dollar Strength Envelops Currency Markets
Volatility jumped back into the currency markets, with the dollar gaining strength almost immediately after the Federal Reserve announced its interest rate decision and Chairman Ben Bernanke began to...
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