Currency Analysis & Opinion

Last month I wrote about 11.8580, the 2008 high and how it was a crucial level on any move higher for USD/ZAR. Well lo & behold we tested it again, initially very tentatively but then punched...

Last month I wrote about the potential for a Bearish Halfway Hesitation and the threat of a Double Bottom in AUD/USD. As a consequence I had a question mark on the bullet point above. This time I have...

Last month I placed a question mark against the bullet point above as the rally in USD/JPY was still there ‘…but it has relegated to the background…’. This month has proved...

I am moving the bullet point above this month down a notch from full bearish with a question mark for EUR/USD purely because of the uptick in the Short MA. In Mar we punched down through the previous...

I had the bullet point above as fully bearish last month for EUR/GBP & that is exactly what we got! We dropped down and for reasons that I cannot quite work out still (apart from roundophobia aka...

Looking at last month’s commentary on GBP/USD I recall some of my last phrases ‘Looking at the overall picture, suggest leaving the bullet point above as it is - slightly bearish with the...

Interesting price action in the currency markets during the last 24 hours ahead of the US Non-Farm Payrolls report that is scheduled to be released today. What attracted our attention in the way the...

Tonight the UK gets ready for its first multi-party debate of the UK election cycle. With voting in a little over 1 months’ time, the 7-party line up for tonight’s debate is symbolic of...

Range trading and consolidation remains the main theme in the major currency markets as traders and investors are biding their time before the most important event of the week which will be the...

Watching the moves on the Forex majors yesterday afternoon I could not help thinking that they were all somewhat counter-trend. The dollar has been strengthening one more in recent days and despite a...

US DollarThe U.S. dollar is trading broadly higher against its major peers, only the Australian dollar booked gains against the greenback on better-than-expected data from Australia and China....

Markets looks to be making an inauspicious start to the second quarter after a first quarter that ended on a risk averse note, certainly for equity markets and to some degree the Yen. The stand out...

US Dollar The US Dollar is trading broadly higher against its major peers in the absence of major economic news from the region. While, FED Vice Chairman, Stanley Fischer did not comment on the FED's...