Author: Darrell Jobman

After a decisive trend last week with the dollar under pressure, the moves this week were initially less clear as wider uncertainty over economic and policy trends contributed to indecisive currency trading, especially with...

Central bank policy actions were a clear focus for the week and triggered substantial currency moves. The US currency then weakened very sharply after the Fed meeting and the US currency was on track for the sharpest overall...

Major currencies continued to find difficulties in securing a decisive direction during the week as all remained prone to very important weaknesses. Libor rates were generally higher as credit fears increased again. The dollar...

Confidence surrounding the global economy remained extremely fragile over the week with brief spells of optimism unable to gain any significant traction. In this environment, the dollar regained defensive support for much of the...

09.30 AM GMT Overall strategy: Severe short-term economic weaknesses will continue throughout all the G7 countries. In this environment, no currency will find it easy to gain support and there will be additional pressure on all...

Markets attempted to find a more optimistic tone, but it was very difficult to sustain any recovery in sentiment. Confidence in the financial sector weakened again later in the week and global stock markets were also on the...

Markets have again struggled to find a consistent theme over the week and this also led to indecisive trading conditions in the main currency pairs. Weak indicators continued to clash with forward-looking policy responses....

Markets again struggled for direction during much of the week as major uncertainties persisted. A rise in the Chinese PMI indices for January, allied with further government measures, underpinned confidence. The actions of...

As global economic fears intensified and there was further evidence that all main economic areas were in difficulties, currencies generally struggled for direction. Defensive dollar demand weakened early in the week, but...

Fears over the global economy and financial system continued to increase over the week as international data releases remained grim. There were fears that further global weakness would lead to further bad debts within the...