Currency Analysis & Opinion

FX League - 17th Fixture.Last week's achivements:1. GBP/JPY – SHORT from 179.38 to 178.11 = PROFIT 320.51 $pips 2. EUR/JPY – SHORT from 140.09 to 136.06 = PROFIT 341.03 $pips 3. EUR/NZD...

EURUSD has continued to fall on Friday and made a fresh 12 year low today at 1.1576. The recovery is tepid so far, as the market continues to choke over the SNB news. As we mentioned HERE yesterday,...

It's been quite an eventful 24 hours, particularly in the forex markets, after the SNB yesterday decided to announce a massive change in monetary policy without prior warnings or hints, sending the...

The impact of the SNB's decision to remove the cap on the CHF proved to be a game-changed for markets. The SNB clearly expected an outsized reaction, judging from the comments from Governor Jordan in...

he calm after the storm. After the SNB’s surprise decision to scrap its 1.20 EURCHF peg, this pair is trying to find its new equilibrium around 1.0500, but it has come after a turbulent day when...

It has been an utterly staggering morning on the forex markets. At 09.30GMT the Swiss National Bank (SNB) dropped a bomb on the financial markets. There were two aspects of its announcement. On its...

The roller coaster ride for the G10 FX market continues today with the unexpected announcement from the Swiss National Bank that it was disbanding its 3.5-year 1.20 floor in EURCHF. At its last...

The SNB has capitulated and removed the 1.20 floor on EURCHF that has been in place since September 2011. Furthermore, the SNB has also pushed rates further into negative territory, the mid-point of...

The Aussie has been boosted overnight by the rise in employment, allowing a push back above the 0.82 level on AUDUSD. This follows on from yesterday’s fall on the back of copper prices. This...

Apart from the collapse across commodity markets, the other news that investors had to digest today was the fall in Treasury yields. The 30-year yield fell to its lowest ever level. Disappointing...

Bearish signals for GBPJPY on the week have been confirmed with sentiment posting a 4th lower daily high & low in a row on Wednesday. However, with intraday sentiment oversold near the 200 day...

There were a few notable moves in FX on Tuesday. Despite weaker than expected CPI data, sterling managed to quickly reverse all of the initial losses, squeezing out a lot of shorts in the process....

Inflation updates are always a big driver of currencies. Inflation has a direct impact on the prospects of monetary policies and subsequently the purchasing power of the currency. The world is in a...

If you think that the UK is in a deflationary spiral, then look to Greece to get a sense of what true deflation looks like. UK headline CPI fell to a mere 0.5% annual rate last month, half the rate...