pound on flag

The markets opened on a quiet note this week with the US markets closed on account of the Independence Day holiday. Trading was fairly quiet on Monday, with a focus on Australia. The weekend elections saw no clear winner emerge, quickly prompting ratings agencies to swoop down with warnings. Standard and Poors Global ratings said that the Austra...

2016-07-08 John Benjamin Read more
Brexit

Image © European Union 2016 - European Parliament After last week's market turmoil, the financial markets opened Monday, which saw a follow through in risk aversion. The British pound extended its declines off Friday's lows, to open lower at 1.3427 as selling intensified as the day progressed. UK's Chancellor of the Exchequer, George Osborne, ...

2016-07-01 John Benjamin Read more
Forex Weekly Summary

Apr 6-10, 2015 Forex weekly summary features the following market events: Aussie bounces back on RBA inaction If the week before saw the Australian dollar weaken considerably as speculation for RBA rate cuts fuelled by sharp declines in commodity prices, namely Iron Ore saw the Aussie being sold off, the RBA decided to leave interest rates...

2015-04-10 Orbex Read more