Currency Analysis & Opinion

The third and final business survey from the UK this week has delivered a slightly positive message from the service sector, with the December purchasing managers index (PMI) rising to 51.2. The...

Gold prices extended their bullish breakout on Thursday, with the bullion rallied to fresh mid-2018 highs marginally below the $1.295 figure. The yellow metal has been on the rise for a third week in...

Thursday January 3: Five things the markets are talking aboutThe U.S dollar fell aggressively on Wednesday evening (17:30 pm EDT), causing a brief currency crash in the U.S/Asian desk handover, on...

The first trading day of the year was rather volatile across global markets including oil. Brent crude jumped aggressively after some consolidation earlier in the day, with the prices reached nearly...

Market OverviewAn overnight flash crash has ripped through positions on forex markets. With market sentiment already under pressure, the move came during the handover between US and Asian markets...

Reserve currencies generally attain that status by virtue of their stability and reputation. After WWII, with the US relatively unscathed because of its distance from Europe and late entry into the...

Equities sentiment continues to sour on the first trading day of 2019, which doesn’t bode well for the euro and gives a further lift for the yen and other safe haven assets. The greenback...

Technical observation For several days now, USD has been declining steadily towards the support 109.39, currently price is rallying around the line and my expectation is either a clear breach below it...

Macro2018 was a brutal year for the Canadian dollar. The currency hasn’t been this cheap since May 2017. Over the past year, the loonie lost more than 7% of its value against the greenback and...

Macro2018 was a phenomenal year for the U.S. dollar. The trade-weighted Dollar Index appreciated nearly 5% and is up more than 9% from its low in February. Emerging-market currencies were hit the...

First, a review of last week’s events:EUR/USD. Despite the fact that, on the eve of the US Federal Reserve interest rate increase, 70% of experts, supported by 100% indicators, expected the...

Market OverviewRisk aversion continues as we approach the Christmas period, with the dollar still under pressure. The Fed passed up the opportunity to provide the rocket fuel for a Santa Claus rally...

Since last night’s FOMC meeting, we have had two other major central bank rate decisions and some key data as well. But there is one last major central bank policy decision still to come in less...