Currency Analysis & Opinion

Once again, the ECB instigated a decent amount of volatility into FX markets during their press conference, with the ECB President being more explicit (on behalf of the governing council) with regards...

For a 3rd day in a row, yesterday saw demand falter and reverse at a Marabuzo line created on EUR/GBP last Friday. That level currently coincides with the 13 day moving average so the resistance is...

With bullish signals for GBPJPY on the week confirmed with gains of 4 ½ Big Figs and a new 6 year high on Thursday at 184.33, yesterday’s forecast was for a temporary profit taking...

According to Reuters, the chances of the ECB being able to engage full blown quantitative easing at all (let alone in the next few months) are highly unlikely. There are up to around 10 members of the...

It seems that the euro is moving sideways around the psychological critical level of 1.2500. As mentioned yesterday, all eyes are on the ECB meeting and its outputs. The dollar, on the other hand,...

Wednesday saw decent volatility in markets. Cable was 50% above the average daily range of the past month, with the range on EURUSD (just over 100 pips) bang on the average of the same period. We...

Initial powerful selling yesterday took GBPUSD to the most negative levels traded for 12 months. But that downside was almost equally aggressively reversed to leave prices only marginally lower from...

Yesterday, the Euro witnessed a slight rebound. The question is: Could it be a short term corrective move or has it taken a bullish path? The reason behind such bullish movement could be due to data...

The overnight session has seen USDJPY push higher through resistance above 114.00 and stocks have risen for the fifth consecutive session. The question is to what extent this is being driven by...

Monday’s break above 87.00 in the dollar index was a pivotal moment for the buck, as it broke through a 30 year downtrend. This technical breakthrough signals a new era for the dollar, and we...

No great surprise to see the RBA keep the cash rate steady overnight, but the Aussie managed a modest recovery as a result. As usual, the central bank still sees the Aussie as overvalued on a...

The single currency broke a key level of support today and fell to its lowest level for more than 2 years. After clearing last week’s low of 1.2485, it dipped to a low of 1.2440 during the Asia...

FX League Table - 6th Fixture:Let's look at last week's achievements:1. AUD/USD - LONG from 0.8802 to 0.8797 = LOSS 3 $pips 2. GBP/AUD - SHORT from 1.8268 to 1.8780 = PROFIT 74.24...

We enter the penultimate month of 2014 and the Dollar strength that had been expected to play out this year and predicted by many a year ago as being the trade of the year, is turning out to provide...