UK jobless data worse than expected

Wednesday, 13 April 2011 03:51

UK jobless claims results were released this morning with an increase in jobless claims by 0.7K, worse than anticipated results; while predicted data was analyzed to be a decline around 3.5K. This caused the British currency to slide lower against the Dollar to a low of 1.6252 , as well as the Euro with the Euro rising to about 0.8920, about 20 pips from the lowest price today.

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Oil dropped almost 0.6 % in London trading today

Wednesday, 13 April 2011 03:04

Oil dropped almost 0.6 % in London trading today as Libyan rebels said they would accept an agreement for leader Muammar Qaddafi to relinquish power.

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EuroDollar trading 1.45

Wednesday, 13 April 2011 01:25

For the second time in as many days the Euro has crossed the 1.45 level, previously 1.45157 was a high and then 1.45152. In both instances the market pulled back immediately under heavy selling pressure.

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UK unemployment numbers out

Wednesday, 13 April 2011 12:10

UK unemployment fell unexpectedly in the three months to February, and employment rose as figures came out Wednesday, suggesting a modest improvement in the labour market.

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Currency options showing possible Euro downside

Tuesday, 12 April 2011 10:28

Traders in the currency option market are still betting on downside in the euro verses the dollar, with risk reversals for short dated options still showing a solid bias for “puts” despite an 8.3 % rise in the Euro this year.

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