Currency Analysis & Opinion

All eyes are on the Federal Reserve announcement of its October meeting minutes. On the other side, as we witnessed earlier this week, Draghi, the ECB’s President, announced that policymakers...

The main focus for markets today will be the minutes to the November Bank of England policy meeting. Given the tone of the recent Inflation Report, which revised down inflation projections, it would...

The pound has bounced this morning and made fresh highs of the day after CPI was stronger than expected. The October reading rose to 1.3%, the market had expected it to remain at 1.2%. Considering the...

This is the question that many traders are mulling.Will the recent pullback in the US Dollar be a real step back? And, will it end the bullish trend? It might be unlikely for the EUR/USD to take the...

FX League Table - 8th Fixture:Let's look at last week's achievements:1. NZD/JPY - LONG from 88.93 to 91.91 = PROFIT 840.77 $pips 2. AUD/NZD - SHORT from 1.1119 to 1.1056 = PROFIT 47.16 $pips 3....

We mentioned yesterday that sterling could struggle to sustain its recent strength in particular against USD and it gave up on the 1.5900 and has now broken below the previous support level of 1.5800,...

Against a background of bearish signals for GBPCHF on the week, yesterday’s call was for sentiment to improve. Both have been confirmed, as initial gains of over ½ Big Fig on Wednesday...

Yesterday’s session was rather like watching paint dry as volumes were thin due to Veteran’s Day in the US. Today will see activity pick up and with the focus on the UK, certainly this...

FX League Table - 7th Fixture:Let's look at last week's achievements:1. AUD/JPY - LONG from 98.61 to 98.93 = PROFIT 100.22 $pips2. AUD/CAD– LONG from 0.9873 to 0.9777 = LOSS 81.79 $pips3....

We have seen fresh year highs on USDJPY at the start of the European session as the 115.59 level is broken, with 116.00 not far away. The pattern on the yen for the past several years has been range...

The Pound recovered ground against the Euro and other peers after the US Dollar found renewed support and a report showed that UK retail sales increased in October due to shoppers splashing out on...

October’s GBPJPY surge in sentiment has taken prices above their 50,100 & 200 day average rates. However, sellers have returned to the market on Thursday at 184.33, a 6 year high, for...