Pound Sterling Hit by Wave of Proft Taking Ahead of Key Week

June 14, 2024

The British Pound is under pressure amidst deteriorating investor sentiment towards Europe and caution ahead of next week's inflation data release and Bank of England decision.

South African Rand: More Gains Ahead as the Centre Wins

June 14, 2024

News that the ANC has chosen the centre ground by agreeing to work with the DA to form the next government has boosted the Rand, and further gains are likely.

Yen Disappointed by Bank of Japan Caution, But Risk Deterioration Offers Support

June 14, 2024

The Japanese Yen fell against the Dollar after the Bank of Japan gave no hint it was prepared to raise interest rates further in the coming months, although a broader deterioration in sentiment is helping this traditional 'safe-haven' against other currencies such as the Pound.

Euro to Dollar: French Risks "Really Starting to Weigh Heavily"

June 14, 2024

"The French:German 10-year sovereign spread briefly pushed beyond 70bp yesterday... That's bad," says Chris Turner, head of FX research at ING Bank.

Pound to Euro Rate Just Hit 1.19

June 14, 2024

The Pound to Euro exchange rate hit its highest level in 22 months at 1.1886 after a poll showed Marine Le Pen's anti-EU integrationist party on course to win a parliamentary majority in France's legislature.

Federal Reserve Likely to Cut in September: Economists

June 13, 2024

The Federal Reserve is on course to cut interest rates in September and again in December, according to economists.

Australian Dollar Outlook Bolstered by Strong Job Report

June 13, 2024

The Australian Dollar outlook was bolstered by a firm domestic labour report that will ensure the Reserve Bank of Australia (RBA) is one of the last major central banks to cut interest rates.

Pound to Dollar: Breakout Fails, Federal Reserve Sees Just One Rate Cut in 2024

June 13, 2024

The Pound to Dollar exchange rate's rise to levels above 1.28 proved fleeting, and it has since given back recent gains, with the Federal Reserve decision playing a part in the move.

Pound Sterling Back on the Offensive Against the Euro

June 13, 2024

The Pound to Euro exchange rate has fallen from its highs, but analysts at one European investment bank have upgraded forecasts and see 1.20 now being possible in the coming weeks.

Swiss Franc Forecast to See Another Bout of Weakness

June 12, 2024

Analysts at Swiss private bank J. Safra Sarasin say the Swiss Franc is due another bout of weakness.

New Zealand Dollar Knocks on Key Levels in Post-CPI Market Rally

June 12, 2024

The New Zealand Dollar was an obvious winner after the U.S. printed a softer-than-expected inflation print that raised hopes for an accelerated global interest rate easing cycle, creating the potential for further gains in the coming days.

Pound to Dollar Rate Races to March Highs Following U.S. Inflation Undershoot

June 12, 2024

The Dollar was sold widely and stock markets rallied after U.S. inflation printed below expectations.

NVIDIA Bubble Pop Will Take the Rest of the S&P 500 Down With It

June 12, 2024

A decline in the value of the NVIDIA share price may torpedo the rest of the market, according to Apollo's Torsten Slok.

Australian Dollar Tipped to See "Modest" Strength This Year "At Best"

June 12, 2024

HSBC analysts say the Australian Dollar will lack support from commodities, China and interest rates for the remainder of the year.

Euro-Dollar Downgraded

June 12, 2024

The Euro to Dollar exchange rate is forecasted to "stay heavy" in the next few weeks, with one technical analyst downgrading his view for the pair.