Hong Kong Dollar forecast - hkd hong kong dollar hk dollar

Last night’s Chinese Trade Balance data made for interesting reading for investors holding an array of different currencies. The import / export numbers from the world’s second-largest economy painted a decidedly mixed picture. On the debit side, last month’s Chinese import figures showed a marked drop-off in comparison with...

The Pound has started the day on the front foot against the euro thanks to disappointing GDP data from Germany and France. The official growth figures showed that activity in both nations during the final quarter of 2012 had slowed down in comparison to teh preceeding quarter. Germany’s growth figure was particularly disappointing,...

The US DOLLAR has staged a comeback in the markets during today’s session, thanks to the return of a ‘risk-off’ trading environment. Last night’s Japanese trade figures raised fresh concerns about a potential global slowdown. These fears were added to by Greek Prime Minister Antonis Samaras’ appeal for ‘more time’ in order to...

A quiet day for UK data releases failed to hold back the Pound, which registered healthy gains across the board during this morning’s European session. However, Sterling positivity was on the wane by the middle part of the day, as investors start to fear the worst for Britain’s banks following Moody’s actions in downgrading of three...

A dismal showing for this afternoon’s US ADP Employment Change figure for May has taken the edge off global risk sentiment. With market participants already fighting shy of riskier asset classes in the early part of the week, due to concerns over Spain’s fiscal position, the disappointing US labour market data this afternoon has...

The POUND STERLING has hit the headlines for all the wrong reasons today. By the middle part of this afternoon’s European session, Sterling was the worst-performing of all of the sixteen most-actively traded currencies, thanks to this morning’s weak UK trade balance data. The Pound is expected to trade on a NEUTRAL TO NEGATIVE footing...

The EURO has suffered further pronounced selling pressure on the day, with European stock markets losing over 2% of their value due to increasing investor concerns over the apparent political vacuum in France and Holland. Fears that austerity measures are hitting the region’s real economy were stoked by a dramatically...

The POUND STERLING was supported by the release of a report from the British Chambers of Commerce earlier today which observed some ‘signs of improvement’ in Britain’s ailing economy in the first quarter of this year. A far stronger than anticipated UK PMI Manufacturing sector survey, released this morning, backed-up the BCC’s...

Poor British labour market data did not stop the POUND STERLING register healthy gains against the euro and the high yielding currencies on the day. The UK Jobless Claims data showed a bigger increase than had been anticipated, but the Pound traded with a NEUTRAL TO POSITIVE bias on the day. Weaker than anticipated US Current Account data,...

The POUND STERLING has endured a torrid day on the markets, following the release of the minutes of the most recent Bank of England monetary policy committee meeting. The minutes showed that two of the nine-man committee had voted for a £75bn extension to the Bank’s asset purchase scheme, hinting at the likelihood of a further easing of...