Australian Dollar forecast - aud australlian dollar aussie dollar aus dollar

Europe’s stock markets enjoyed a rare day of gains during yesterday’s session, with London’s FTSE 100 index closing up by 0.70%, Paris’s Cac 40 registering a positive move of 0.64% and Frankfurt’s Dax up by 0.95%. Many analysts have taken the view that the move higher marked a technical correction following last week’s sustained...

The Bank of England Governor Mervyn King called an instant halt to the Pound’s recent bull-run in the currency markets during yesterday’s session, when he announced that the Bank was slashing its UK growth forecast for 2012 by a third, from the previous 1.2% to a paltry 0.8%. King blamed the announcement on the threat to the British...

The Bank of England slashed its forecast for UK growth for this year from 1.2% to 0.8% earlier today, hitting the POUND STERLING. With the UK tender riding high at the top if its recent range against a host of currencies, a broad move to the downside is possible, meaning that GBP heads towards tomorrow’s session on a NEUTRAL TO NEGATIVE...

The ongoing soap opera which is the Greek debt crisis took several twists and turns during yesterday’s session in the markets. The most significant development on the day came in the form of an announcement from the leaders of the ‘socialist light’ Democratic Left party which revealed that they would not enter into any coalition...

Friday’s Asian session saw the release of data which provided further evidence that the Chinese economy is expanding at a slower pace. The annualised Industrial Production figure registered at 9.3%, versus an anticipated 12.2%. This showing was the lowest level that Chinese industrial output had expended by for some three years. Chinese...

The precarious political situation in Greece informed price action in the currency markets during yesterday’s session, sending the value of the high-yielders and commodity currencies tumbling. Not surprisingly, the euro didn’t fare too well either. To recap, the story so far has seen Greece build up unmanageable debts which it has no...

Political upheaval in mainland Europe has had a dramatic effect on the currency markets since they re-opened on Sunday night. The French people voted in favour of Francois Hollande to be their new head of state on Sunday, leaving the country’s erstwhile President Nicolas Sarkozy adrift in the political wilderness. The Socialist candidate...

Despite Wednesdays gloomy GDP figures consumer confidence in the UK remains unchanged. Markets clearly believe that the UK economic recovery this year will be less anemic than previously thought. It is for this reason that the Pound has made gains against the majority of the majors in the past two weeks. The Pound seems to be the go to...

This morning’s UK public sector borrowing data showed higher than anticipated borrowing levels, suggesting that Britain’s coalition government is struggling to bring the country’s budget deficit under control. The POUND STERLING has had no more than a moderate day as a consequence, and is expected to trade on a NEUTRAL footing ahead of...

Investors holding Sterling had been waiting a long time for a strong piece of data to emanate from the UK economy, then yesterday morning two encouraging releases came along at the same time. The Bank of England minutes for April’s meeting caught many analysts on the back foot when they revealed that only one member of the nine-man...