Cable remains bearish despite bounce
The recent euphoria for the British pound driven by hawkish commentary and statements from BOE governor Carney has all but dissipated, and like the proverbial […]
Forex Market Analysis
Where next for the euro ?
For the euro index, this could best be described as one of a long slow decline for the single currency, and of course the big […]
Yen index as we wait for NFP
The second most important currency index is the Japanese yen and moving to the daily chart, the price action here is more laboured and also […]
USD index ahead of NFP
It’s always interesting to check in on the primary currency indices ahead of any major release and even more so when it is Non Farm […]
EUR/GBP continues higher after trap move
Session crossovers, particularly in the transition from the Far East and Asia into the European and London session, are always a happy hunting ground for […]
Aussie dollar continues to remain bearish
The Aussie dollar has continued its stately progress lower helped along by comments from the RBA, as interest rates remain on hold as expected. And […]
New Zealand dollar remains under pressure on two fronts!
The New Zealand dollar which has continued to remain under pressure in overnight trading and into the London session, as the reverberations from the election […]
Brexit on hold as EUR/GBP consolidates
With Brexit having been put on hold whilst waiting for the German elections, and with last Friday’s minor downgrade for the British pound price action […]
EUR/NZD is a game of two halves
Always interesting to consider a currency pair where both have seen recent elections, and even more so when both are indecisive, and in this case […]
Euro weakness after Merkel fails to gain an outright victory
The euro is another currency which has been suffering in early trading at the start of a new week, as markets come to terms with […]
GBPUSD remains under pressure following Moody
Cable continues to remain pressured on the 60 minute chart following the release of the Moody downgrade for the UK economy which came late on […]
Flash crash in the pound following Moody’s downgrade of UK
Last Friday, with most traders already having wound down for the evening, and headed home for the weekend, Moody’s decided it was time to spook […]
Some interesting developments on the dragon
For those forex traders who enjoy the challenge of trading the dragon, namely the GBP/JPY, the pair is now developing some interesting characteristics on the […]
Politics, rhetoric and fantasy drive the US dollar
As the monthly leviathan of NFP rolls into town once again, it is perhaps the weekly chart for the dollar index which is more pertinent, […]
The fantasy world of the FED
Do you remember the halcyon days when rising interest rates and increasing interest rate differentials were the precursor to a stronger currency? Happy days, when […]
British pound driven by politics at present
As always with any currency, the forces which drive it can be many and varied, from fundamentals, relationships to interest rate differentials and sentiment. For […]
US dollar breaks through support region
The US dollar index is at an interesting tipping point as we come to the end of another trading week, and as you will see […]
EU politicians breathe a collective sign of relief
And so the politicians in Europe and Brussels breathe an audible collective sigh of relief as their gold-plated pensions and executive perks look set to […]