Currency Analysis & Opinion

We talked about emerging market risks yesterday and the sell-off in EM currencies seen so far this month, with the Russian rouble leading the way. This continued yesterday, with shortages of foreign...

How has it come to this? Arguably the most successful political union the world has ever seen could come to an end on Thursday as Scotland votes for independence. Largely ignored in the press until...

Initial downside was seen yesterday as volatile trading continues. However, the market was unable to maintain levels beneath 1.6200 and by the close all losses were reversed and GBPUSD had filled the...

A small bullish Hammer at Monday’s low has been formed from very close to .8990, a 62% pullback to the entire 2014 AUDUSD gains (.8658-.9506) and the end to a sequence of lower daily highs on...

EURJPY posted the 2nd most positive week for the year last week, investors buying the market from close to August 2014 base at 135.72. However with daily sentiment overstretched, this week’s...

Yesterday saw a reaction to last week's upside in USDCAD. Demand stalled, and reversed, at 1.1100 and the top of a rising Keltner channel. The resulting setback is likely to be temporary and was...

The past month has seen FX volatility increase for a variety of reasons and things don’t look set to calm down this week, with two key events to look forward to. The first is the Fed meeting on...

Sterling has found support now as the rallying cries for Scottish Independence seem to be falling on deaf ears. The latest You Gov poll (which is reputedly one of the more accurate pollsters, although...

The Aussie was looking decidedly weak yesterday, having been pushed lower by a combination of weak iron ore prices (down more than 6% in Sep) and softer domestic data. The reaction to the much better...

Tuesday’s indecisive price action was followed by a return of investor buying. Despite marginally lower levels, sentiment turned sharply for CABLE and the most positive performance for almost 3...

Wednesday’s forecast to sell GBPCHF at 1.5080 was the early European high, sentiment deteriorating by over 1 Big Fig from the top. However, the outlook also highlighted that losses below the 200...

Volatility in forex trading has returned. We may just be a third of the way through the month, but on several of the major pairs and crosses, September has heralded a significant increase in...

The past 24 hours have seen some key moves in FX, most notably on the yen which has weakened further and taken USDJPY above the 106 level and more decisively above the tight range than has held so far...

Monday’s strong gains were initially extended yesterday. This took USDCAD to the most positive levels traded in 19 weeks and a recovery of 62% of the decline from March’s high. These...