Currency Analysis & Opinion

Yesterday, the FOMC 2-day meeting ended without any interest rate hike. Instead, Yellen suggested that the FOMC is unlikely to increase rates for at least a couple of meetings, which means probably...

So this afternoon we have some important data out for both the Loonie as well as the US Dollar. The chart of USDCAD is showing us that it has gone into a consolidation/range/ pause BUT not just...

The last full trading week of the month is proving to be nothing if not action packed. Yesterday, it was all about the rouble. Russia’s currency was essentially out of control in the wake of the...

Yesterday, the Euro traded above 1.25, as it was driven by positive financial data, including the PMI, which came out better than expected, in addition to the German ZEW output. However, the Euro...

The Russian Ruble is in freefall this morning despite efforts made overnight from the Central Bank of Russia to at least slow the decline. The CBR threw everything including the kitchen sink at the...

Last night, the Russian central bank removed any doubt that Russia is currently facing a currency crisis. Having hiked rates by 100bp last week, the central bank put rates up by a further 650bp to 17%...

GBPUSD Daily chart - Price had a negative day yesterday - pretty much engulfing all of the indecsion we saw through the latter part of last week. However, like EURUSD this Pair is still trading within...

Last weeks close saw a Tweezer Top formation at a Mjaor LT S&R level / fib level around 120.033. This bearish outcome has pushed Price back below a a LT level of S&R. A Negative signal candle....

The euro continued its slightly downward trend as concerns rose in the European Union regarding the possibility of having Greece forced to exit the EU. These fears escalated after the Greek government...

Although the Fed is expected to steal the limelight over the next few days, don’t forget about Europe. There is a plethora of data this week that could be one factor that determines where the...

FX League - 12th Fixture.Last week's achivements:1. AUD/USD – SHORT from 0.8301 to 0.8243 = PROFIT 162 $pips 2. NZD/USD – SHORT from 0.7701 to 0.7777 = LOSS 80 $pips 3. AUD/CAD –...

It was a big weekend for Japan with a general election and the Q4 Tankan index. Incumbent PM Abe won a very comfortable majority, which means that Abenomics will remain in play for the next few years...

The Japanese election results were always about the extent of Abe’s victory, rather than whether he would win. The headline results were positive, with two-thirds of seats won in the lower...