Currency Analysis & Opinion

So this morning the UK completed a hat-trick of PMI beats. The purchasing manager surveys are a strongly predictive indicator of economic activity in the month ahead and the data compiled for the...

China became the latest central bank to loosen monetary policy when it cuts its Reserve Requirement Ratio (RRR) by 0.5% earlier today. The RRR is now 19.5%. A cut to the RRR is roughly equivalent to...

The one thing you can say is that if you use the MAs as a smoothing function then the Bitcoin (BTC-eUSD) market is still bearish despite the occasional hiccup upwards! I’m afraid I do not...

Given the nature of the Rupee market I felt obliged to take a step back somewhat as the action looks very aggressive & volatile if you just concentrate on the last few months but if you take a...

Two months ago in my regular Monthly Report on USDBRL I pointed out ‘The resistance band was 2.6203 – 2.6290 is now crucially in need of breaking & consecutive closing over, otherwise...

So this seems to be the scenario for USD/ZAR … we have a possible Double Top (unlabelled on the Daily Chart… for a reason) with the Weekly Chart in the first week of Jan showing a Key...

On we go! After a bit of a hesitation mid-month, AUD/USD resumed their decline, helped along by the drop in the NZD! This past month we’ve had TWO Key Reversals Down which helps & we...

On my Longer Term Charts used last month, I noted the old Ascending Triangle Upper Trendline – then 0.7404 – as support for EUR/GBP. I did not expect it to be tested within the next month...

Last month when I wrote my Longer Term View using as a minimum Weekly Charts I drew metaphorical line at saying anything lower that than the 1.0760 support. I will finesse & expand on that now...

After a strong first few days for GBP/USD when prices broke down through the bottom of the Sep 2014 Schiff Pitchfork they settled within a few days thereafter to a sideways move established by...

Risk sentiment is back. Stocks are rising in Europe, Oil is rallying and US Treasury yields have bounced off of their lows. One of the reasons for this shift in market psychology is Greece. The market...

Even though the euro has hardly staged what you would refer to as a relief rally, markets have reacted positively to the proactive approach Greece has shown so far following their recent General...

The Swiss National Bank (SNB) stunned the FX market three weeks ago when it abandoned its CHF peg to the EUR without warning, sending the CHF sky high and EURCHF reeling. The initial reaction was a...