Currency Analysis & Opinion

Yesterday’s bullish signals for GBPJPY were confirmed with initial gains of ¾ Big Fig. However, with momentum slowing at Thursday’s high and the 100 day average rate and the stop...

The focus switches back to sterling today as the Bank of England presents its August Inflation Report, with labour market data preceding an hour before at 08:30 GMT. Back in June, Governor Carney...

Although a new 2 month low was posted by Cable in early trading yesterday, Monday’s indecisive price action was followed by profit taking. This bounce created a Bullish Hammer on daily candle...

We’ve seen some creeping dollar strength overnight, the main exception being the Aussie which has held above the 0.9250 level for the most part, aided by stronger domestic data showing better...

Friday’s euro rally was not extended yesterday. Instead the topside continues to be constricted by the 13 day moving average despite last week's Bullish Hammer pattern. Net losses were modest...

After reaching its highest level since September 2013, has the dollar turned a corner, and can we expect further upside?Below we point out three things that could get in the way of further gains for...

Although net gains for EURGBP last week were modest, the relevance of the Bullish Morning Star pattern was confirmed. Last week's early setback found fresh buying interest below the key 13 day moving...

The yen had a resurgence overnight after President Obama announced that he would authorise air strikes against the ISIS militants in Iraq. This is the latest geopolitical risk that is keeping...

Bearish signals for GBPJPY on the week have been confirmed, but with Wednesday’s strong sell-off attracting buyers from just below the 100 day average rate, yesterday’s outlook was...

Tuesday’s Marabuzo line continues to be a key background element. Wed’s rally in EUR/GBP stalled at that point and yesterday's price action fluctuated around it. This failure to rally...

Sterling has been gaining strength since July last year, rising 13.64% against the US dollar. The UK currency's strength has been driven mostly by stronger-than-expected economic growth at home,...

Investors seem to have brushed aside concerns over the escalation of tensions between Russia and Ukraine as risk assets bounced from their lows yesterday, including the euro which saw EURUSD recover...

Although yesterday's Sterling trading began with strong selling, the decline was not extensive enough - lacking momentum - to trade through this week's prior low. A recovery of half of the original...

A bearish AUDUSD reversal from below the 50 & 100 day average rates left Wednesday’s outlook as bearish and to sell the rally. Although this was the correct strategy for the European time...