Currency Market Updates

The Pound Moves to Higher Ground

Stronger than expected UK mortgage approval data also added to reasons to buy sterling with mortgage approvals numbering 56,215 in September, up from 52,970 in August and better than the increase of 54,000 forecast.

Why is Sterling Up Today?

Could it be that the opinion of Goldman Sachs that sterling is undervalued is psychologically underpinning the pound? Is it also the case that the worst is now behind the UK economy?

MarketClub Reviews – The S&P 500 Index and Spot Gold

MarketClub reviews the possibilities for the S&P and gold market. Two new videos give the indications necessary to decide whether these markets have reached their top.l

Euro Remains on the Backfoot

The euro remains on the back foot and has slipped further against the USD, JPY and the pound. Part of the euros weakness could be linked to the news that bank lending in the eurozone is continuing to contract.

EUR/USD Fails to Hold 1.50

Currency Market Updates
27, October 2009
The big news in the markets yesterday was the rally of the USD in particular against the euro but in addition against the yen and higher yielding currencies. Is this the start of a sustained rally after prolonged USD weakness?
Probably not yet but it is a relief rally and again [...]

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