Market Reports
IFX Market Report: Friday 2nd August 2024
Thursday saw the bank of England drop interest rates for the first time since March 2020. Yesterdays 0.25% cut saw the BOE base rate fall from 5.25% to 5%. Rates in 2020 were 0.1% and remained there until rate hikes started in December 2021, with gradual hikes which finally saw the base rate halt in […]
Read moreIFX Market Report: Tuesday 4th August 2020
After an abysmal performance last week the US dollar finally showed some signs of recovery.
IFX Market Report: Monday 3rd August 2020
Friday proved to be somewhat of a quiet day, the headline being the Eurozone’s record GDP quarterly contraction.
IFX Market Report: Friday 31st July 2020
As it has been the case all week, US Dollar weakness is stimulating price movement.
IFX Market Report: Thursday 30th July 2020
After a dovish message from the US Federal Reserve yesterday, the US dollar once again came under selling pressure and (once again) fell to fresh 2-year lows on the dollar index.
IFX Market Report: Wednesday 29th July 2020
Cable continued to press on yesterday, pushing just past 1.2950 during the session – its highest levels since 11th March.
IFX Market Report: Tuesday 28th July 2020
The decline of the US dollar pressed on yesterday, with the dollar index hitting fresh 2-year lows, falling 1% on the day; making it the 7th consecutive day of losses, it’s 2nd worst run in the last decade.
IFX Market Report: Monday 27th July 2020
Sterling begins the week strong off the back of one of its most positive weeks since Lockdown began.
IFX Market Report: Friday 24th July 2020
On the anniversary of Boris Johnson becoming Prime Minister, sterling has shown some resilience to finish the week holding above the 200-day moving average for a 3rd straight day.
IFX Market Report: Thursday 16th July 2020
There is little to report from yesterday, with Wednesday proving to be a pretty flat session.
