The yen slipped from three week highs versus the dollar and euro in early morning trade as a rebound in Asian shares and warnings from Japan’s finance minister about big market swings, prompting investors to trim their holdings of the Japanese c...
Ongoing financial market stress, global recessionary fears and year end factors should all influence market direction in a week that is also likely to see activity levels hit by the Thanksgiving Holiday in the US……
Sterling expected to weaken further versus euro: Sterling has fallen sharply against the euro and a batch of other currencies as the markets come to terms with the serious downside risks to the UK economy.....
Dollar remains resilient in face of weak US data * Euro out of favour as ECB finally cuts rates * Sterling tumbles as BoE cuts aggressively, further easing seen * Yen remains currency of choice as deleveraging dominates *
Significant Improvement in Affordability: Falling house prices help cut the cost of new mortgages Mortgage repayment affordability has been showing a marked improvement, with house prices have been falling now for 19 consecutive months, acc...
THE ECB FINALLY SEES THE LIGHT: The European Central Bank cut rates by 0.5% today, bringing the total reduction in official rates in the eurozone to 1% in the past month. It is hard to believe that the ECB hiked rates as recently as July.....
