Currency Analysis & Opinion

Demand for sterling continues to dominate this cross. Steady upside in the first 3 days has led to a 3rd up week in succession despite the final 2 days showing no significant movement....

Yesterday saw volatility spike in both equities and FX markets. The Vix index (which measures equity volatility) hit a one month high and FX volatility (as measured by the Deutsche Bank CVIX) rose...

Dollar strength was the continuing theme of Wednesday. The dollar index pushed above the 85.0 level and more decisively above the peak of 84.75 seen in mid-2013, putting the dollar (on this measure)...

A daily Inverted Hammer at Friday’s high and a small sequence of lower daily highs and lows kept Wednesday’s signals for EURJPY pointing lower. These were confirmed with losses of just...

Eurozone PMIs yesterday did little to enthuse investors and a number of concerns over the outlook from both a macro and corporate perspective caused a big sell off in risk assets. Even the likes of...

Friday’s Shooting Star has come from close to the 2012 top at 1.5485 and is negative for GBPCHF sentiment. The end to a sequence of higher daily lows is also negative, and it turned...

The main standout overnight is the recovery in the Aussie dollar , which has recovered back above the 0.89 level after the latest data from China brings at least some relief at the margins. The rise...

Friday's strong decline in EUR/USD was not extended yesterday. Instead prices consolidated near the base of a Keltner channel that is showing preliminary signs of flattening.Net movement on the day...

A 2nd down week in a row was posted last week, taking EURGBP to the most negative traded for 2 years. However, levels below both the daily and weekly Keltner channels attracted buying interest and the...

Scotland has voted against independence overnight in a move that has removed a great weight from the shoulders of sterling, but has longer running implications for the political make-up of the United...

Wednesday’s decline in EURUSD was extended in Asia yesterday but those 14 month lows were not maintained. European price action attracted buying interest that yielded gains but not enough to...

While the Scottish referendum is likely to dictate market direction for the next two days, this morning it was all about Europe. Back in June the ECB announced that it would launch another round of...

Scotland has been the most talked about country in the world in recent weeks and today its residents have the chance to make one of the most important decisions in not only their history, but...

Tuesday’s bearish signals for GBPJPY were confirmed with a 1 Big Fig sell-off, but with sentiment recovering to close unchanged, Wednesday’s signals pointed to further improvement. These...