U.S. Dollar Trading (USD) overall saw strong data with the CPI reaching its highest rates in 8 months at 0.5% higher than the expected 0.4%, whilst the pace of US Housing starts climbed a further 4.5% at 1.642 million. Leading to expectations that the Fed will not have to cut rates anytime soon. The USD […]

Greenback up against major currencies as Federal Reserve members speak. Crude rises above US$60 a barrel.
CURRENCY TRADING SUMMARY – 7 NOVEMBER 06 (23:30GMT)
                                   

U.S. Dollar Trading (USD) strengthened against the majors in the overnight forex session as Federal Reserve members downplay recent negative economic data from the US. Former Fed Reserve Chairman Alan Greenspan agreed the US […]

U.S. Dollar Trading (USD) was lower against the majors in the Friday night forex session as US GDP came in much lower than expected. US GDP dropped to 1.6% from 2.6% in the second quarter where the market was expecting a drop to 2.2%. Core PCE for the third quarter dropped also to 2.5% from […]

CURRENCY TRADING SUMMARY – 19 OCTOBER 06 (01:30GMT)
                                   

U.S. Dollar Trading (USD) recovered somewhat against the majors in the overnight foreign exchange trading session as US CPI disappointed but housing starts surprised the markets. US headline/core CPI came in at -0.5%/0.2%, compared to an estimated      -0.3%/0.2% respectively. US housing starts rose to 1.772mln from an estimated 1.64mln. […]

The Association of Investment Trust Companies (AITC) has called for improved disclosure of Contracts for Difference (CFDs) to protect investors and maintain a fair and orderly market.
CFDs can be used by market participants to stake build in a less transparent manner than if they had simply bought shares through the market. This means that sellers […]