FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
The German Bund was yesterday dragged in to the Euro Zone crisis, when a bond auction in the primary market only managed to sell a third of the 10 year debt on offer. Whilst, rumours of a Belgium downgrade made the rounds adding further to the risk off attitude in...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Spain’s treasury yesterday paid the highest yields recorded in 14 years to issue €3bn of 3 month T-bills, with yields more than doubling to 5.11%. The fact that the 5.11% yield was reached on shorter dated debt reflects the current widespread uncertainty in the market, as opposed to the ability...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The week began with a feeling of déjà-vu all over again. Budget deadlock in the United States, a change of Government in Europe and downwardly revised growth forecasts across Asia all served to unsettle investors. Major stock markets tumbled between 2 and 5 per cent yesterday and though the selling...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
This is the week in which our friends across the Atlantic celebrate Thanksgiving. In the current climate of economic and political uncertainty across the globe, though, it’s not clear exactly what they’ll be giving thanks for.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The eurozone debt crisis rumbles onwards. Spanish yields edged higher after a disappointing government debt auction yesterday. 10-year yields are back at 6.834, marking a new post-euro high. Italian borrowing costs rose back above 7%. British PM Cameron visits Van Rompuy in Brussels and then Chancellor Merkel in Berlin.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
10 year Spanish Bond Yields have this morning hit a Euro era high of 6.57%, this is despite evidence that the ECB was yesterday involved in the purchasing of Spanish and Italian debt. The role of the ECB within the Bond Markets was yesterday the topic of disagreement between Europe’s...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Bank of England will today release its quarterly inflation report. The Monetary Policy Committee’s (MPC) decision in October to resume its asset purchase program suggests that the report will show inflation dropping well below 2% over the next two years.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Italy and Greece now have “technocrat” leaders in place – the word is derived from the Greek word “tekhne” meaning skill and advocates the replacement of politicians with scientists and engineers who have the technical expertise to manage the country’s economy.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The return of some semblance of stability to Europe looks to have encouraged equity markets this morning. Former European Commission Mario Monti has replaced Berlusconi and Italy’s Prime Minister and now leads an emergency government with a mandate to ensure that austerity measures are fully implemented.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Despite a more positive end to Thursday, volatility continues to remain elevated (VIX Index remains above 30).The end of the week has seen Italy and Greece, announce firm commitments to form governments led by market friendly candidates. Italian bond yields have declined although remaining worryingly high for the ECB and Italy.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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