Currency Analysis & Opinion

Last week's weak rally in CABLE was capped, as expected, by the 13 day moving average. The subsequent renewal of selling pressure yielded powerful losses of more than 1 big figure. This keeps prices...

Currency traders woke up to a rather unsettling headline this morning – “Yougov poll finds rapid shift in favour of Scottish Independence”. For most of the campaign the FX market has...

The dollar is creeping higher once again this morning as it hit a new 12 month high overnight with the trend higher looking day by day to become more entrenched. The Aussie dollar has been one to...

Against a background of bullish signals for USDJPY on the week, Monday’s trading saw sentiment improve to post a 2nd up-day and a gain of ¼ Big Fig. Prices are comfortably above their 100...

Friday’s gains were modestly extended yesterday. To a great degree this was off the back of a weaker USDCHF but the move keeps the currency pair tracking the top of a positive Keltner channel....

Although the UK manufacturing PMI for August fell to its lowest level since June last year, the pound’s reaction has been fairly muted, and GBPUSD remains at its highest level since 20th August....

Trading in EUR/GBP was muted yesterday. Price action was contained within a range similar to the preceding day with the downside stalling at the bottom of the daily Ichimoku Cloud but without...

After 4 days of consolidation in USDJPY and little net movement, levels above 104.00 attracted more significant selling interest yesterday. Negative divergence is being seen in strength indicators...

Since the Swiss National Bank (SNB) imposed its peg in EUR/CHF, this cross has only traded below 1.20 a handful of times, and each time it has bounced off this important level of support. In the three...

Yesterday was the 2nd consecutive day with little net movement. Prices remain comfortably above the 100 day moving average but lack the momentum to trade through the Marabuzo line drawn August 13th....

Against a background of bearish signals for sentiment for this week, selling pressure remains the main feature of EUR/USD trading. Yesterday's decline, primarily in Asia, produced a 5th down day from...

Asian trading yesterday began the week with some powerful gains that took GBP/JPY to 3 week highs, through the 100 day avg and to a test of the 50 day line. Those gains were firmly rejected however...

The decline from July's peak continues. A 7th down week in a row was posted last week - the first time for 6 years and 62% of the rise from this year's low has been corrected. The last 3 trading days...

Direction for sentiment on EURGBP changed for a 4th consecutive day yesterday. But more importantly the Marabuzo line created 13th August continued to prove it’s relevance as Wed’s...