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Market OverviewAfter having been so strong in recent weeks, there has been a little respite from the dollar strength that has formed in the wake of the Federal Reserve policy announcement. However,...
A difficult end to last night’s session, with the Dow Jones dropping towards 23900 following reports that Trump is planning to restrict certain Chinese companies selling telecommunications...
GBP Pares Considerable Losses After Better PMI At one time, a hike looked an almost certainty due to the language from the central bank in recent months but that has changed recently The pound is...
A better than forecast construction PMI helped ease the pound’s woes this Wednesday, even if its gains barely scratched the surface of the bloody losses it has endured in the last few...
Market OverviewWith the Federal Reserve seemingly once more the only hiker in town, the dollar recovery continues to go from strength to strength. The dollar bulls took advantage of a day of thin...
The pound’s losses accelerated after the US open, the bottom completely falling out of the currency as it not only dealt with the latest dovish data from the UK, but the dollar’s own...
The new month does not seem to have brought with it any great new levels of optimism. We are now three months clear of February’s sharp stock market downturn, but the effect on market psyche is...
The pound reached a two-month low due to disappointing economic results and government instability, resulting in the BoE delaying an anticipated May hike as well as any expectations for a hike before...
After a sharp two week sell-off, the GBP/USD has reached and reacted from a key technical support area today.As can be seen from the chart, the cable has reached its previous swing low and long-term...
Market OverviewWith the majority of countries around the world celebrating Labour Day (over 100 countries so I believe, including most European major markets) we could be set for a fairly subdued...
The EUR/USD’s sell-off accelerated last week, although it remains to be seen if it will go any further lower or stage a comeback this week.Last week’s sell-off was mainly due to the...
Market OverviewMarkets are lacking decisive direction this morning, despite the improved sentiment of geopolitics on the Korean peninsula. Into the new week, the dollar has just lost some of the...
First, a review of last week’s forecast:As we said, the key event last week was the ECB President Mario Draghi press conference on Thursday, April 26. The pair EUR/USD had descended to the lower...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.End-of-week profit taking prevented the U.S. dollar from extending its gains on Friday despite stronger-than-expected...
The US Q1 GDP didn’t have the same impact as its UK counterpart this Friday, though it did make sterling a bit more miserable. Coming in at 2.3% at the annualised rate, America’s first...