Forex News

A troika 'deal' has been reached with Greece. Whilst that could be considered good news this revision to the original agreement terms and conditions has been put in place on the basis that Greece now will engage in a fresh round of public sector job cuts in order to meet its obligations to the country's […]

There was something entirely fitting about the first monetary policy committee decision and post decision press conference held by the new Bank of England governor Mark Carney on Thursday July 4th. Firstly, most of the assembled journalists and analysts were left in no doubt that from here on in the MPC, the monetary policy commission

One of the PIIGS is beginning to squeal, Portugal's bond yields rise past the critical 7% yield to 8%. Bond traders have been selling Portuguese debt this morning, in turn driving down its price and as a consequence pushing up the interest rate (yield) on the bonds. The yield was trading at below 6.5% on

In the overnight/early morning Asian session the print published regarding Chinese data, (the manufacturing PMI), came in as forecast by the economists polled. The figure was 50.1. The HSBC Markit publication was slightly lower than forecast at 48.2, a nine month low, but not significant as a miss in order to alter the current positive

As we enter a new financial quarter we're confronted with a raft of fundamental news and policy decisions in the first week of the month that could alter the current trend or deepen the existing trends… Early in the Asian session we'll have the China manufacturing survey print which is based on a survey of

Once again we await news from the German courts, who are deciding whether or not Germany rescuing other countries by way of, for example, monetary easing is constitutional for German taxpayers. The German constitutional court will start its hearing on the legality of the European Central bank's bond buying programme at 11am local time (10am

Overnight/early morning the BOJ (bank of Japan) published its latest monetary policy statement. The Board of the Bank of Japan decided that the Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen. On current exchange rates this is approximately $600-700

During his visit to Japan over the weekend the French President Francois Hollande told the assorted dignitaries, luminaries and hunting press pack during a press conference that the Eurozone had overcome its biggest test and was now on the way to recovery; "What you need to understand here in Japan is that the crisis in

Germany's factory orders came in way below expectations yesterday, the economists polled by Bloomberg expected a 1% drop and the published figures indicated a 2.3% drop, which was quite a miss. However, the euro appeared to brush this news aside and stay on its bullish intraday trajectory, eventually finishing at its highest rate versus the