As we write this morning we now know that Greece will hold new elections in 3-5 weeks after Greek parties have aborted any attempt of forming a coalition government. What we all thought would never happen; it is now battering the global markets. Greece it seems is now moving closer to the abyss, immediate consequence [...]
Tag Archives: sell sterling
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Foreign Exchange Daily News Monday 12th March, 2012
This morning as we write the EUR/USD is trading at 1.3089 which is approximately 5 pips above the sessions lows. This is largely due to the figures with regard to Japanese confidence data were releases and it has come out worse than expected pushing the USD higher across the board, along with the YEN and [...]
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Foreign Exchange News Monday 13th June, 2011
Fx- Foreign Currency Exchange News: Monday 13th June, 2011 Overnight New Zealand has been hit by a 5.5 magnitude earthquake which was felt as far as Dunedin. It was said to be just as powerful as the last earthquake on February 22nd but not as long in duration. This has immediately dragged the New Zealand [...]
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