Data from the UK did indeed mirror the US yesterday as Construction PMI in the UK fell to 27.8 against an expectation of 34.2. Construction spending in the U... Read More >
Massive falls on global equity markets continued to keep risky assets under pressure during Monday's trading session as technical and fundamental indicators sho... Read More >
NZD
The latest National Bank Business Outlook confirmed the parlous state of the New Zealand economy. It showed that headline business confidence fell 6 points ... Read More >
Friday's volatility was once again caused by the financial services sector; in the UK, US and EU.
HBOS, the country's biggest lender of mortgages and now par... Read More >
Details of the UK's Asset Protection Scheme were published overnight. Summarising the reams of mumbo jumbo and jargon it boils down to a facility that will allo... Read More >
As we predicted Sterling was put on the rack yesterday as investors banked profits from long positions ahead of the publication of the Government's Asset Protec... Read More >
The US economy is wobbling like an emotional teenager with confidence issues. Consumer confidence fell to 25.0 from 37.4 in January; the reading was expected a... Read More >
News that the US Government is looking to part nationalise Citigroup to the tune of 40% of the company's share capital helped sterling higher as financial secto... Read More >
The credit crunch turned another corner last week, sweeping up Central and Eastern European countries, as fears were raised about the ability of some states to ... Read More >
It was what have come to know as a typical day on the forex markets; risk appetite rolling back and forth like the tide with individual pieces of data and bank ... Read More >