Currency Analysis & Opinion

The EURUSD sell-off has slowed down throughout the London session on Tuesday, however this pair is still looking weak. The high of the day has been 1.2895, suggesting that there is some hefty selling...

The dollar rally that commenced in earnest just over two months ago seems to be gathering pace at the expense of many dollar denominated commodities such as gold and oil. Brent Oil is a remarkable one...

Friday’s indecisive price action was overturned with fresh selling pressure yesterday. This move took EURUSD to the most negative levels traded since July 2013 and the move has continued in...

Against a background of negative signals for GBPCHF on the week, Monday’s trading opened on a strong bearish gap below the 100 day average rate.However, initial losses of 2 Big Figs since...

The pound has weakened significantly during the Asia session on the back of the latest polls suggesting that the upcoming referendum on Scottish independence could be won by those wanting Scotland to...

Last week's bearish reversal for GBP/JPY ended a sequence of higher weekly lows which is negative. Today's bearish gap open has taken prices through their key 50,100 & 200 day average rates which...

Yesterday was a turning point for the single currency, as the ECB finally showed that it was serious in tackling the risk of deflation in the eurozone. EURUSD saw its biggest one day percentage fall...

The significant of the upside failure at the 200/13 day moving averages was emphasised yesterday. Wed’s consolidation was sharply overcome in late trading with another acceleration of the...

The ECB has cut its interest rates by 10 basis points. This has taken the main refinancing rate down to 0.05% (from 0.15%) and the deposit rate to -0.2% (from -0.1%). Furthermore, Mario Draghi also...

The focus may be firmly on the ECB today, but 15 minutes before ECB President Draghi’s monthly press conference we will get the first releases of critical US jobs data. At 1315 BST/ 0815 ET we...

All eyes of the ECB today and one can’t help thinking “we’ve been here before”. It seems that in the run up every ECB meeting in the past few years, in fact ever since Mario...

While bullish signals for GBPJPY on the week have been confirmed with gains of 1 ¼ Big Figs, yesterday’s forecast was to sell on the open and into any intraday strength. This too was...

Since May, EURUSD has been under distribution, steadily declining, but may reach a turning point over the next 24 hours.EUR has been falling mainly due to a combination of speculation that more...

Sterling was swimming against the tide yesterday despite an attempt at making some modest gains early in the day yesterday following construction data that showed the sector was seeing its strongest...