Currency Analysis & Opinion

Speaker John Bercow ruled out MV3 if agreement remains ‘substantially the same’ as last week The pound tanked on Monday afternoon as Speaker of the House John Bercow announced that he...

The EUR/USD is up about 0.3% today, currently trading at 1.1357, after falling less than 0.1% yesterday. The single currency has retreated just 1% since the start of the year, but could the downward...

The US dollar has been in an uptrend for most of the quarter but in the past week, the greenback lost momentum and its decline has some investors wondering if the dollar will continue to fall ahead of...

Bank meetings dominate this weekIt will be a busy week on the economic front with the Federal Reserve finishing its rate setting meeting on Wednesday, the Bank of England in session on Thursday and...

At the start of a stupidly hectic week – the government’s latest Brexit deadline joins the UK’s jobs, inflation and retail sales data AND a Fed statement AND the month’s Bank...

Market OverviewThere is something of a dichotomy in major markets right now at the traditional correlation between bond markets and equities has at least temporarily become misaligned. The 10 year...

First, a review of last week’s events:EUR/USD. During the whole week, the European currency was pushed up not only by the growth of the Euro Stoxx 600 index, accompanied by the pigeon rhetoric...

Price action on CAD/CHF has caught our eye, as it suggests a bearish breakout could be pending.Since Wednesday, the cross has been caught within a 36-pip range. It can’t stay in there for ever,...

Sterling buyers are preparing for ‘Meaningful Vote Round three’. 100-odd pips have been trimmed from GBP/USD nine-month highs and similar off EUR/GBP's two-year best. That’s...

Despite the data out just a few moments ago that Canadian manufacturing sales rebounded by a good 1.0% (vs. 0.4% expected), the medium-term lower highs and the lack of a clear short-term trend, we...

As we approach the end of what has been a busy and head-spinning week on Brexit it's worthwhile taking a step back to summarise.A series of votes have seen parliament reject PM May's deal and a...

The Japanese economy continues to suffer from China’s economic slowdown and Sino-American trade tensions. So the Bank of Japan voted 7-2 to maintain its policy balance rate unchanged at -0.10%...

Market OverviewThere is a slightly more settled look to markets as the weekend approaches. With all of this week’s key Brexit votes in the UK Parliament have passed, it will be interesting to...

AUD/USD The Aussie fell on Thursday, closing at 0.7066 (-19 pips) against the greenback. After opening the session at .7093, the AUD/USD reduced lower in Asian trade, adding to losses in the second...