Currency Analysis & Opinion

Tuesday’s rejection of the highs was countered by the Bullish Outside Day created by price action. These conflicting signals were reflected in an unclear outlook for Wednesday and the resulting...

Bullish signals for GBP/CHF in each of the last 2 days have been confirmed, investors buying the cross for a gain of 1 ¾ Big Figs and to a new 23 month high on Wednesday at 1.5405. While the...

Tuesday’s decline confirmed a few bearish developments for this pair, firstly, EUR/USD closed below 1.3584 – the 61.8% retracement of the recovery from June 12 to July 1st. This caused the...

With downside momentum for GBP/CHFstalling near 1.5225, a 62% pullback to the last 3 week gains, as well as from close to a weekly bull trend, Tuesday’s forecast was bullish. This was confirmed...

Last month, Bank of England governor Mark Carney warned the financial markets that rates in the UK could be increased sooner than the market currently expects. This caused a flurry of activity as...

The pound is the strongest performer in the G10 space so far today and recently made a fresh high ahead of the UK lunchtime. The key driver of the pound was stronger than expected inflation data, with...

The USD/CAD came under pressure at the end of last week after some dismal domestic labour market data was pounced on by the market. USDCAD made its most bullish close for 4-months, and, crucially,...

At 5 ¾ year highs pullbacks in GBP/JPY have to be expected and following a new top in July at 175.38, investors have taken profits and sold the cross to post a loss of 2 ½ Big Figs since...

The remarkable thing about yesterday and also this week is just how little the single currency has reacted to a 4% correction in European stocks (DJ Euro Stoxx 50 index) over the past 5 sessions. The...

Bearish signals for GBP/CHF in each of the last 3 days have been confirmed, investors selling the cross on Thursday to post a 4th lower daily low in a row and a loss of almost ½ Big Fig on the...

The Hong Kong Dollar (HKD) isn’t a currency we often talk about, as it is pegged to the USD and usually doesn’t move too much. However, USD/HKD has recently fallen to its lowest level...

Bearish signals for GBP/CHF in each of the last 2 days have been confirmed, investors selling the cross on Wednesday to post a 3rd lower daily low in a row and a loss of 35 pips on the day.Although...

EUR/GBP was bought to higher levels for a 3rd day in a row yesterday. This took prices near to the key 13 day moving average without leading to a serious test of that point. More importantly the...

The markets are mostly comatose today as we wait for the FOMC minutes this afternoon. Until then we think that tight ranges will prevail. While it is always a tough call to predict anything that comes...