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FxProUpdates

A final look at 2014 and into 2015

The festive period has proven hard to navigate once again as low volumes have taken their toll on financial markets. This morning the City of London is empty and this is reflected in the paltry volumes being traded on the FTSE 100, which at least looks to be ending the year with a spring in its step. One of the major issues that FTSE investors still face is the benchmark’s inability to break through to new all-time record highs, whilst across the pond US indices have been going from strength to ...

FxProTV

FxPro Currency Check 0730 24.12.14

FxPro Currency Check 0730 24.12.14

FxProUpdates

Pushing new highs

There were some interesting dynamics on FX markets yesterday, as statisticians chopped away at UK growth and added to the US economy. The net result was cable moving one big figure on the day down to the 1.55 level. The revisions to the US economy put it at the stronger pace of 6 months growth for nearly 12 years. The dollar index pushed above the 90 level for the first time since April 2006, with the dollar having risen for 6 consecutive months now. The other significance is that this breaks ...

FxProUpdates

Back to Greece

FX markets have fallen into what can only be described as a year-end slumber, with ranges having narrowed substantially vs. the recent norm. This remains true, although slightly less so for USDJPY which has pushed back above the 120 level in overnight trade. The other standout has been the weaker Swedish Krone, EURSEK nudging towards the 9.60 level yesterday. Finally, AUDUSD has pushed to new lows for the year overnight, down to the 0.81 level and below. The star of last week (for all the wrong ...

FxProTV

FxPro Currency Check 0730 23.12.14

FxPro Currency Check 0730 23.12.14

FxProUpdates

Cruising into year end

The dollar stands near the highs for the year as we enter what will be a shortened trading week. It’s the euro, yen and also Swiss franc that have suffered in recent trading sessions, although the single currency has managed a modest recovery in the Asian trading session. Key events are getting thin on the ground going into the holiday period. The main focus will be with final GDP data in the UK, US and various European countries, together with housing data in the US, released both today and ...

FxProTV

FxPro Currency Check 0730 22.12.14

FxPro Currency Check 0730 22.12.14

FxProUpdates

Feeling easier in FX

We reach the last day of the last full trading week of 2014. Yesterday was all about equities and the reversal of some of the recent losses in the wake of the FOMC press conference. We’ve seen these gains mirrored in Asia, which should provide a firmer open in Europe. Some stability has emerged on the rouble as well, which has allowed the spike higher in the VIX to be reversed. Overnight, the Bank of Japan has kept policy steady, with USDJPY moving higher for the third consecutive day as ...

FxProTV

FxPro Currency Check 0730 19.12.14

FxPro Currency Check 0730 19.12.14