Currencies Direct Plus

21^st May 2013

Dollar remains strong ahead of FOMC meeting

The US Dollar took a break from its bull run yesterday, as most investors were in profit booking mode. However, the Dollar still has managed to retain its strength overall against most of its counterparts.

20^th May 2013

Spanish property law to hit #expats. Read the full article on: http://t.co/im3tzt9ti4

UK Housing Data starts week off positively for Sterling

Last week we saw USD continue to strengthen against major currencies as mixed data continues in the states. A slowdown in Chinese Industrial Production led AUD and NZD to weaken throughout the week, a trend that has continued into this week’s trade.

20^th May 2013

Yen bounces on economy minister comments http://t.co/jl3WkMFVTm

Yen bounces on economy minister comments

The yen came off multi-year lows after Japan's economy minister suggested the currency may have weakened enough.

Daily Market Analysis

17^th May 2013

Fed finally hinting how QE journey ends

The three key developments across the markets this week have been: upgraded UK growth by the Bank of England in its quarterly inflation report, euro zone growth figures showing countries right across Europe continuing to struggle and an article giving first details on how the Fed would begin to unwind QE as the economic recovery continues.

17^th May 2013

Dollar nears 10-month highs on dovish Fed comments

The US dollar moved higher against a basket of currencies on Friday morning.

Daily Market Analysis

16^th May 2013

King signs off with optimism

Mervyn King has signed out with an upbeat final quarterly inflation report with growth forecasts increased and inflation forecasts scaled down. King expects to see unemployment gradually come down which backs up the official data today which showed unemployment levels falling. The big positive is the expectation that growth expectations are looking rosier and at the same time inflation is softening, previously it has been the other way around.