American Dollar forecast page 10 - usd american dollar us dollar usd dollar

A strong showing from the latest US Consumer Confidence survey, released during the middle part of yesterday afternoon’s European equities session, helped take the edge off the prevalent ‘risk off’ trading environment which the non-result in Italy’s weekend general election had engendered. The February gauge of optimism amongst...

It is tempting to liken yesterday’s price action for the Pound Euro exchange rate (currency : GBP EUR) to that of the proverbial roller-coaster. Hover, any such metaphor would not be doing the massive lurch which the pair experienced a severe injustice. The Pound started yesterday heavily under the cosh following Moody’s announcement...

The UK suffered its first credit downgrade since the dark days of the 1970s late on Friday and the POUND STERLING has lacked support on the day as a consequence. Sterling has sustained particularly heavy losses against the other European currencies, suggesting that institutional investors are shifting their funds en masse out of the UK...

The overnight rally for the US Dollar which followed the release of the latest set of Federal Reserve FOMC minutes late on Wednesday was partially reversed during yesterday’s session. The pro-Dollar move, which sent the GBP USD exchange rate down to a new 31-month low at 1.5131 during Asian trading proved to be a whipsaw – by the European...

The POUND STERLING has enjoyed a ‘bounce’ on the day today, following yesterday’s disappointing performance. The move in favour of the UK tender has come in spite of this morning’s British public sector borrowing figure which revealed that the coalition government has borrowed a mammoth £93.8bn so far this financial year. Given this,...

The apparently gravity-defying accumulation in the value of global equities over recent months was placed in peril by the tone and language used in last night’s Federal Reserve FOMC Minutes. The notes from the Fed’s February policy meeting acknowledged the danger which scaling back the US central bank’s controversial Quantitative Easing...

A lot of column inches have been written in recent weeks concerning the next Governor of the Bank of England, Mark Carney, but it was the current incumbent of the top job at The Old Lady of Threadneedle Street who stole the limelight today. This morning’s minutes of this month’s Bank of England policy meeting revealed that three of the...

Global appetite for risk had been buoyant during the early part of this week’s session, but the ‘risk on’ trading environment has been endangered by a series of potentially damaging events in the last few hours. Last night’s session brought worrying news from Japan, with the release of data which showed that Asia’s second most...

The AUSTRALIAN DOLLAR has registered healthy gains against Sterling following last night’s minutes of the most recent Reserve bank of Australia meeting. The memos were generally of a more go-ahead tone than analysts had been anticipating, noting strong demand for Australian commodities from Asia and an improvement in the global economic...

The Pound ha enjoyed a generally positive session so far today, in spite of this morning’s worryingly weak January Retail Sales data for the UK. The Pound initially lost significant ground against the other majors in the aftermath of the release, however the UK tender’s initial losses were subsequently wiped out as analysts pointed out...