New York Morning FX Commentary March 1

by | Mar 1, 2018 | Uncategorized

United States Dollar (USD) The USD index hit 90 for the first time in 2-weeks in New York on Tuesday evening and yesterday it extended these gains, both as a result of independent concerns about the GBP and EUR and another sharp fall in US equity markets; something...

London Morning FX Comentary March 1

by | Mar 1, 2018 | Uncategorized

British Pound (GBP) We warned here yesterday that “another tricky day lies ahead for the pound”. It did indeed have a very bad day on Wednesday; bottom of our one-day performance table by quite a margin, with losses ranging from -0.6% to -0.9% against the major...

Sydney Morning FX Commentary March 1

by | Feb 28, 2018 | Uncategorized

Australian Dollar (AUD) The Aussie Dollar has spent most of the last three days moving lower against the USD, although from Monday’s opening levels in Sydney it is up against both the EUR and GBP. The combination of a stronger USD, much lower gold prices and a pick-up...

London Morning FX Commentary February 28

by | Feb 28, 2018 | Uncategorized

British Pound (GBP) The GBP had another lurch lower on Tuesday morning as the implications of Opposition leader Jeremy Corbyn’s Brexit speech began to be more widely recognized. However, by the end of the European day, even though the GBP/USD rate was still down more...