Category: Euro

Malloch claims Greece will Take on the US Dollar

15 Feb 2017
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Donald Trump’s choice for EU ambassador, Ted Malloch, says that Greece will abandon the Euro in favour of the US Dollar. According to Ted Malloch, the financial crisis and “unsustainable” situation in Greece along with a desire to “freak out” Angela Merkel are some of the reasons that are driving Greek economists to consider the US […]

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ECB Meeting after Brexit

21 Jul 2016
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Today the European Central Bank’s President, Mario Draghi, will be meeting for the first time after the Brexit vote the Governing Council to discuss Brexit and Italian banks. Investors are looking to Frankfurt today where monetary policies and latest political and economic events will be on the agenda. Mike van Dulken of Accendo Markets predicts that […]

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Brexit and the London Market

22 Jun 2016
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As the uncertainty over Brexit is increasingly felt, the number of sales in London’s premium residential and commercial market is dropping. Chinese investors are withholding transactions as the looming horizon of a Brexit has increased taxation and regulation. While demand is increasing, Asian buyers are holding back awaiting after the vote to make a decision. […]

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27 June 2014 – Aussie Dollar rally limited (OZ FOREX)

27 Jun 2014
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By Michael Judge Australian Dollar: The value of the Australian dollar has remained steady over the course of the past 24 hours a period in which trading ranges have tightened significantly. Almost stalling completely, lows of 0.9395 were countered by a highs of 0.9417 for the higher yielding asset when valued against its US Counterpart. […]

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27 June 2014 (Currency Solutions)

27 Jun 2014
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UK GDP Growth Accelerates Less than Expected Data just out has confirmed that the UK economic growth was revised downwards during the first quarter. However, it still continues to grow at a healthier pace, indicating that the recovery is on track and has raised expectations for a rate hike. Although, the UK housing market appeared […]

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26 June 2014 – Greenback lower, AUD strengthens (OZ FOREX)

26 Jun 2014
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By Michael Judge Australian Dollar: The Australian dollar once again finds itself trading up above the 94 US Cents mark upon open this morning with demand for the domestic unit being bolstered by a greenback which was sold across the board. Managing to capture gains worth more than half a cent US economic reports overnight […]

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26 June 2014 (Currency Solutions)

26 Jun 2014
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UK Financial Stability Report and Carney’s Speech Eyed Following a mix of dovish and hawkish comments from the BoE Governor over timing of interest rate hikes, his speech later today will be monitored for further direction. Some realistic measures are likely to be implemented in today’s Financial Stability report by the central bank in order […]

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25 June 2014 – Data flows favour a stronger Greenback (OZ FOREX)

25 Jun 2014
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By Michael Judge Australian Dollar: Proving just how thin the air remains up above the 94 US Cents mark the Australian dollar has fallen overnight on reports of escalating tensions in the Middle East, tensions which favoured a move back into the world’s reserve currency. With the US dollar strengthening across the board the Aussie […]

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25 June 2014 (Currency Solutions)

25 Jun 2014
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Carney Dampens Hopes for Imminent Rate Hike The Pound dropped below 1.70 mark against the US Dollar yesterday, after the BoE Governor down played expectations for rate hikes this year, indicating that there is still “spare capacity” in the economy which needs to be absorbed before raising its benchmark interest rates. Nevertheless, most of the […]

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24 June 2014 – China factory data spurs demand for the AUD (OZ FOREX)

24 Jun 2014
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By Michael Judge   Australian Dollar: Making a notable move in an upward direction yesterday demand for the Australian dollar was bolstered after figures showed China’s factory sector expanded in June for the first time in six months. With the HSBC Flash PMI reading of 50.8 comfortably surpassing the forecasted result of 49.7, the improvement […]

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