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Friday, 27 November 2015 - Market Commentary
Daily currency news provided by UkForex

: Trading conditions were rather thin yesterday with it being Thanksgiving in the U.S. GBP/USD was sold off in the early morning session, mostly a result of month-end supply. It fell to a low of 1.5066 before bouncing back above 1.51 in the afternoon session. It’s been steady since amid a lack of economic data and opens this morning at 1.5090. It could be a livelier session this morning however with UK Second Estimate GDP due for release at 9:30.
We expect a range today in the GBP/USD rate of 1.5020 to 1.5145
: EUR/USD has traded sideways over the last 24 hours. It was mostly down to there being no major data releases and with it being a public holiday in the U.S. There is also a lot of caution ahead of next week’s ECB monetary policy meeting too as the central bank are expected to announce a host of policy measures including a cut in deposit rates and an extension of its QE program. For this reason it might be another quiet day today.
We expect a range today in the GBP/EUR rate of 1.4170 to 1.4245
⇒ view full report Charts : EUR/USD EUR/AUD EUR/JPY EUR/CHF EUR/CAD EUR/CNY
: You won’t be surprised to hear that the aussie and kiwi have traded steady ranges over the last 24 hours. Equity markets have fallen a bit and both AUD and NZD have fallen back slightly in line. AUD/USD and NZD/USD trade at .7215 and .6550 respectively and GBP/AUD and GBP/NZD are flat too at 2.0910 and 2.3025.
We expect a range today in the GBP/AUD rate of 2.0800 to 2.1045
We expect a range today in the GBP/NZD rate of 2.2900 to 2.3120
⇒ view full report
We expect a range today of 2.0750 – 2.1050
US Thanksgiving meant US dollar moves were almost completely absent during overnight trade, with very light volumes seeing the worlds reserve currency remain comfortably within its recent ranges. Contributing very little to broader currency flows, the main moves overnight came from Europe with the shared unit dropping to its lowest level in seven months, assisted by falling bond yields and stronger equity markets. Given accelerated talks that the European Central Bank will unleash further easing when they meet next week, policy makers are considering options which include staggered charges on banks which are hoarding deposits. As part of a broader effort to lift inflation, signs of additional easing only further threaten to undermine the euro’s value which dropped to a 24 hour low of 1.0599. Opening on shaky ground this morning the euro is currently trading at a rate of 1.0606 when valued against its US Counterpart.
Data releases
No data today
NZD: No data today  
Household Spending y/y, Tokyo Core CPI y/y, Spanish Flash CPI y/y
⇒ view full report Charts : USD/EUR EUR/USD USD/JPY

BER Notebook - FX Market Research & Currency News/Views from our Partners View Latest >>

WorldFirst Research
China to join an elite club As we come to the end of the week, G10 markets are rather quiet with Thanksgiving bloat making itself felt at Friday’s open. With little to focus on within developed economies, most currency pairs are happily trading sideways. Next week is a very interesting one from a currency perspective.… Continue reading
Posted on 27 November 2015 | 2:10 am
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Only one story dominated markets yesterday and it wasn’t the pontificating of Monetary Policy Committee members on interest rates and the state of the UK economy. The news that a Russian jet had been downed by Turkish forces set markets on edge and hyped up fears that the mishmash of coalition forces, the Free Syrian… Continue reading
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WorldFirst Research
The strength of the USD was all apparent yesterday as it pressed EURUSD below the 1.06 level for the first time since April. The greenback also gained against sterling as investors bet on GBP weakness ahead of a testimony by Mark Carney and three other members of the Monetary Policy Committee. Readers of yesterday’s Sterling… Continue reading
Posted on 24 November 2015 | 6:03 am
WorldFirst Research
This weekend was certainly the quietest in a while with little market-moving news. That lack of news has been echoed through the overnight session and as we open up in Europe a very familiar sight is on show. The US dollar is running higher across the board as investors and traders – who had let… Continue reading
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