Cable traded to a 10 week high on Sterling strength, as investors believe that there the Bank of England will not do any further quantitative easing. This was compounded with the better than expected GDP figure, and avoided the anticipated triple-dip recession. The macro data from the UK was in contrast to the United States growth figures released on Friday, which were below expectations. Reuters sights the 1.5574 level as the next level of technical resistance for GBPUSD as it is the 100 da…

S&P says there is more than a 33% chance of Japan being downgraded from AA- Scottish independence: Treasury says currency pact case 'not clear' - BBC News The 100¥ print has been eyed for some time as with the dramatic weakening of the Yen, however the USDJPY cross lost momentum around 99.85 UK PM Cameron says he will look at implementing tax breaks for fuel efficient cars and will block any further rises in duty on petrol Japan's economy…

PBOC's Gang Yi: Likely to widen RMB trading band in the near future -MNI More than two-thirds of the Japanese public now believe domestic prices will rise in the coming year, a government survey showed Wednesday, reflecting how the aggressive anti-deflation policies of Prime Minister Shinzo Abe's government have started to take root in the minds of the people -WSJ China’s property rebound gathered pace in March as new home prices in the southern city of Guangzhou ju…

Published 9:30am BST 17th April 2013 This is a link to the Bank of England Minutes of the Monetary Policy Committee Meeting: http://www.bankofengland.co.uk/publications/minutes/Pages/mpc/pdf/2013/mpc1304.aspx(PDF Link)…

On Monday afternoon at the Boston Marathon, there were two large explosions near the finish line, killing at least two people and injuring dozens more. These atrocities were caught on camera via the media who covering the sporting event. Initially there was rumour and speculation as to the cause or who might be responsible however it seems too early to speculate without fact. The FBI has taken over the investigation into the explosions, with social media having a notable part in the rapid re…

Nearly one in five UK companies favour leaving the EU - Bloomberg The Bank of Japan raised its assessment of all its regions for the first time since July 2012, citing a pickup in the global economy and resilient domestic demand, after unveiling unprecedented easing measures earlier this month - Bloomberg Gold and Silver continue their declines, spot Silver trading $24.50 and spot Gold traded as low as $1424.90/oz Dutch retail sales were down 4.8% YoY for February UK…

Trading yesterday in the UK had little macro news to drive markets, with the media focusing on the passing on first female Prime Minister of the UK. Thatcher was a controversial character, who in the City of London is usually revered and hailed for reviving the UK economy, but her policies were not without critics, especially from those who lived in communities with an industrial/mining focus. The media is awash with opinion pieces from all parts of the political spectrum, but there is…

The US employment report Nonfarm payrolls, disappointed with a huge miss of expectations (+200K), with the actual release being just 88,000 new jobs. This is the largest miss from the median expectations since December 2009. This has led to strength in cable with a rally of 100 pips, currently trading with a 1.53 handle, and EURUSD trading 45 pips higher at 1.2992.…

The pivotal monthly US employment release Nonfarm Payrolls is released this afternoon at 13:30 (London). The statistic is usually released on the first Friday of each month, detailing the total number of US citizens who are in paid work, excluding: -Farm employees (due to seasonal nature of employment) -Employees of non-profit organisations -General government employees US Non-Farm Payrolls can be the most volatile monthly release of macro data. The volatility will w…

The European Central Bank (ECB) has left interest rates unchanged at 0.75% as expected. The ECB press conference with Mario Draghi will follow at 12:30pm (GMT)…