Daily Archives: August 6, 2012

GBP/USD traded with market sentiment on Friday. While the risk tone will continue to dominate moves in GBP/USD, we could see GBP struggle against EUR as optimism towards Europe continues. There are a number of releases for the UK this … Continue reading →

While the US jobless rate increased from 8.2% to 8.3% in July, the US economy increased payrolls by 163,000, much better than the 100,000 gain expected. “A stronger-than-expected report, despite the small increase in the unemployment rate, and one that … Continue reading →

Market reaction to the ECB’s failure to provide instant relief was predictable. Spanish 10-year yields rose back above the psychologically important 7%, but remain below the level before ECB President Draghi’s recent comments. The ECB’s plan of standing ready to … Continue reading →