Latest Articles by Minesh Chaudhari

The European Central Bank monthly report, published earlier this morning, had a broadly neutral effect on the EURO. However, the closely-monitored release sent out a confident message regarding price pressures in the eurozone, stating that inflation in the region remains firmly under control. The statement leaves the door open for a further...

Market participants’ focus this afternoon was on this month’s edition of the US Non-Farm Payroll data, but in the end it was another North American data release which stole the show. This afternoon brought the publication of May’s Canadian Unemployment data. Market participants had relatively low expectations for the print, with the...

It was a case of mixed messages emanating from the UK property finance market during this morning’s session and the net effect saw the Pound Sterling register significant gains against the euro, sending the GBP EUR exchange rate (currency : GBP EUR) up to as high as 1.1715 earlier on. On the positive side of the equation, last month’s...

‘Sell in May and go away, buy again on St. Ledger Day’ – so goes the tried and tested adage from the equities market. As we enter the final week of May, this time-worn saying has rarely seemed more prescient. Last Thursday’s session saw Tokyo’s Nikkei 225, considered by many analysts to be Asia’s premier share index, give up over...

Last night’s Asian equities session brought a return to something approaching normal service – Tokyo’s benchmark Nikkei 225 index, which had plummeted by over 7% during Thursday trading, provided evidence of this. Japan’s leading equities exchange closed up by 0.89%, suggesting that market participants had recovered their nerve...

With very little in the way of significant UK data releases until Wednesday morning’s jobs data, the POUND STERLING has traded on an even keel today. Last week’s suggestion that a revised set of construction industry data from the middle part of last year may mean that the British economy actually avoided entering a double dip recession...

The Euro has declined for the first time in five days against the US Dollar after the European Central Bank President Mario Draghi said that policy makers would be open to implementing negative deposit rates. The Euro briefly made gains against the majority of its peers after the ECB did what the market was expecting and cut its key...

Market focus has settled on the USA over the past 24hrs. The latest edition of the Federal Reserve’s Beige Book was published yesterday and it made for positive reading for investors with interests in the States. The US Central Bank stated that the outlook for the largest economy in the world has improved and that the vast American economy...

News from the eurozone during the weekend market shutdown has ensured that the euro starts the week firmly on the back foot. All was quiet on the European sovereign debt crisis front until the recent Italian elections brought an indecisive result, leasing institutional investors to fear that the Mediterranean state was set to ditch its...

The EURO has strengthened against the Pound on the day, sending the GBP EUR exchange rate down to its current level of 1.1763. The single currency has registered gains in spite of the news that the Portuguese Constitutional Court has deemed spending cuts enforced by the nation’s policymakers ‘unconstitutional’. The possibility of a...