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Euro Pounds Brief Wednesday 29 November 2006

• Dollar falls yet again
• Euro sticks to upwards path
• US GDP figures due at 1330
• China diversification fears
• Australian trade deficit wider than expected
• Oil pushes higher on cold weather and dollar weakness

Euro Pounds Brief Monday 28 November 2006

• Soft dollar theme set to continue
• US weakness based on fundamentals and consumer concerns
• German GfK consumer climate rises
• Equity markets slump
• BoE Lomax- ‘UK economy not overheating’
• Oil prices nudge above $60 on cold spell forecasts

Euro Pounds Brief Monday 27 November 2006

• Further dollar selling through global markets
• Euro hits 20-month high vs dollar
• UK Hometrack house prices at 2-year high
• Bank of Japan says rates to rise slowly
• Gold hits $640
• Oil posts gains on dollar slump and OPEC rumours
 

• Dollar slammed in early trade.
• German business sentiment highest this year
• UK markets fairly subdued
• China expecting economic slowdown in 2007
• New Zealand trade deficit widens
• Oil slips slightly

Euro Pounds Brief Wednesday 22 November 2006

• UK exports show sharp improvement
• Housing bust ‘likely in next few years’
• US dollar drifts overnight
• BoE minutes released today
• Oil prices firm again eyeing US stockpiles
• Stocks still comfortable

Euro Pounds Brief Tuesday 21 November2006

• Euro hits fresh high versus Yen
• ECB’s Trichet positive on global growth, warns on inflation
• Fed’s Fisher: Rate hikes may be needed
• Thin market liquidity ahead of holidays
• Oil prices firm on OPEC
• UK market awaits BoE minutes

• Dow Jones continues to push higher
• Weak CPI fails to dent dollar
• Sterling takes back some losses against euro
• Aussie dollar ‘remarkably stable’
• Metals suffer another poor session
• Oil falls after OPEC speculation and mild temperatures

• Sterling hits 6-week low against Euro
• FOMC still concerned with inflation
• Dow Jones continues to set records
• Bank of Japan keeps rates on hold
• UK RICS house price balance rises, again
• Oil rallies sharply

• UK data disappoints sterling bulls
• US inflation worries ease
• Bank of England Inflation report eyed
• French PM sparks Euro fall
• Dow Jones posts an all time high in late trade
• Reserve Bank of New Zealand talks down kiwi

• US dollar holds position ahead of data
• German GDP/Consumer prices lose strength
• Japan growth unexpectedly high
• UK markets await consumer and retail price indices
• Copper leads metal sell-off
• Oil continues to slide

Euro Pounds Brief Monday 13 November 2006

• US dollar still trading near lows on China diversification
• UK markets prepare for BoE Inflation Report
• Aussie dollar weakens on Reserve Bank comments
• ECB explain 2006 rate hikes
• Gold prices trade higher on China talk
• Oil prices slide 2.6% on Friday

Euro Pounds Brief Friday 10 November 2006

• Bank of England raise rates
• US dollar hit on China diversification
• Pound slides against the Euro
• China GDP seen over 10%
• US trade data better than expected
• Disappointing day in the stock market
• Oil rises as US gas stocks wane

Euro Pounds Brief Thursday 9 November 2006

Euro Pounds Brief Wednesday 8 November 2006

Euro Pounds Brief Tuesday 7 November 2006

• Dollar holds firm on political stand off
• China forex reserves hit $1,000bn
• Caution as the market waits for UK rate rise
• Japan signals pre-emptive rate rise
• ECB member warns of ‘alarming inflation’
• Oil gains ground on OPEC production cut warnings

Euro Pounds Brief Monday 6 November 2006
Summary of Overnight News:
• The FTSE-100 looks to start the week on a cautious note with IG Index predicting it to open 1 point down
@ 6,147, as Wall Street slipped below the key 12,000 level on Friday and as investors stay cautious ahead
of Thursday's rate decision.

Euro Pounds Brief Friday 3 November 2006
US non-farm payrolls data out from the US at 1.30pm this afternoon should see some big movements in the FX markets. Most sources are predicting a 125,000 rise in payrolls. Speaking overnight, the Fed’s Fisher said that he was heartened by the latest inflation data but that price pressures were still too high.
 

Euro Pounds Brief Thursday 2 November 2006

The focus will be on the euro this morning with a host of PMI surveys due for release after yesterday’s public holiday, and the ECB due to meet later today. No interest rate changes are expected but Mr Trichet is likely to signal a rate hike is on the cards for December, with the use of the term “strong vigilance” in his press conference. The market will also be most interested to see if he has anything to say about the setting of monetary policy in 2007.
 

Euro Pounds Brief Wednesday 1 November 2006

Tim Drayson, global economist at ABN Amro Holding NV in London, says major central banks will all have to tighten credit more than investors now assume.

"Money supply on a global basis is growing quite rapidly as is overall credit growth,'' says Drayson, a former U.K. Treasury economist. ``We don't see much evidence that monetary policy around the world is restrictive.''