Market News

Higher sterling money market rates and indications that U.K. inflation isn't backing down as quickly as some hoped. By Nicholas Hastings
LONDON (Dow Jones)--Higher sterling money market rates and indications that U.K. inflation isn't backing down as quickly as some hoped are helping to underpin the pound, especially against the dollar. Nevertheless, sterling is still expected to continue its slide as the U.S. subprime mortgage crisis takes its toll on U.K. financial institutions and the U.K.'s own housing market deteriorates. BNP Paribas is looking for particularly heavy losses against the Swiss franc, taking it down to levels last registered in 2003, as risk aversion continues to rise.
21 November | 0 comments


Weekly review and outlook (video report)
Weekly review and outlook (video report)
Video report by Dennis Carr about the situation on Forex market between Nov 12 - Nov 16 and with an outlook for the week ahead.
19 November | 0 comments


Economic Calendar for this week
Economic Calendar for this week
Nov 19-23
19 November | 0 comments


Are you thinking that rising risk aversion will slow the dollar's decline? Perhaps you should think again. By Nicholas Hastings
Are you thinking that rising risk aversion will slow the dollar's decline? Perhaps you should think again. By Nicholas Hastings
LONDON (Dow Jones)--The standard argument that lower global risk appetite makes riskier assets less attractive and boosts the dollar may no longer hold true. Not only has the dollar become less popular given the spread of the subprime mortgage crisis through the U.S. economy, encouraging a further diversification out of U.S. assets, but data on investor flows from the U.S. Treasury last Friday indicate a reversal in sentiment.
19 November | 0 comm