Tag Archives: forex brokerage
Super ‘Mario Draghi’ing the Euro On
EUR Comments from Mario Draghi yesterday picked the Euro up from its slump against a majority of currencies. His strong words were essentially the ECB will do everything and anything in its power to not let the Euro fail and new initiatives will be succesful. The Euro actually rose by 1% against the USD on the […]
GBP EUR USD Outlook
GBP So it would appear the Pounds movements at the moment are being mainly determined by events on a global scale, but still appears to be benefiting from a Safe Haven position. Safe Havens when referred to by an investor is the place they feel their funds are safest and protected from volatility. Globally the […]
GBP EUR USD Outlook for Today and Yesterdays Trading
GBP The Bank of England minutes indicated we are very close to more QE in the UK with a 5-4 split in favour of leaving it on hold this month, but could be reintroduced as early as next month with one more member of the MPC voting in its favor. QE dilutes the currency in […]
GBP EUR USD – UK Inflation Paving the Way for more QE
GBP Inflation in the UK fell to 2.8% from 3%, giving the MPC room to introduce more QE with out the argument inflation is too high. On this news we saw the Pound fall broadly across many currencies, QE floods the market with more cash in attempt to boost growth but to the detriment of […]
Medicine Worse than the Disease: Eurozone Crisis Deepens Further
The Pound remained relatively flat against many currencies yesterday losing slightly against the Dollar as flight to its safe haven took off. There was very little in the way of economic data for the UK, so reaction from the Greek elections seemed to be the main driver. Reaction to the election echoed the week before […]
