Currency Analysis & Opinion

Not for the first time and certainly not for the last, the initial dollar reaction to the US employment report failed to be sustained through the remainder of the trading session on Friday. This was...

The pound is the worst performer out of the major currencies versus the USD so far this year. We may only be 8 days in, but GBPUSD is already down more than 3%. The pound is doing significantly worse...

For this longer term view of the Japanese Yen, I have decided to use the Monthly Chart! The story of 2014 for this pair consists of two parts.The first is the continued consolidation seen late last...

For this longer term view of Rupee I have decided to use the Monthly Chart! I was cautiously neutral last time but with that in mind we actually did have an interesting year’s worth of action...

For this longer term view I have decided to use the Monthly Chart! Last Jan 2014 I noted how ‘…isn’t it interesting how we have almost a multiyear Double Bottom on the Monthly Chart...

For this longer term view of EUR/GBP, I have decided to use the Monthly Chart! From my commentary back in Jan 2013 ‘…there seems little support until we meet another supper band of Fib...

For this longer term view of the AUD/USD, I have decided to use the Monthly Chart! I wish to revisit first one of my statements made last Jan 2013 ‘Looking ahead we have some support at 0.8665,...

Both sterling and the euro continue to be the whipping boys in FX markets at the moment as the outlook for both currencies remains rather bleak. For sterling the writing was on the wall towards the...

The pound has had a bad start to 2015 and is the second worst performer in the G10 behind Norway, which is getting a thrashing as the oil price continues to crash. So why is the FX market turning on...

Markets have started the year nervously and trends that were emerging at the end of 2014 are continuing into 2015. Crude oil and the euro are heading lower, the dollar is heading higher and meanwhile...

For this longer term view I have decided to use the Weekly Chart. For my inaugural long term review of Bitcoin (BTC-eUSD) I have to say the image does not look good! We have been heading lower since...

GBPUSD monthly chart shows that the negative momentum that we witnessed since June 2014 is still very much in play. We have not seen a slowdown in momentum since. Price is now trading into an area of...