Currency Analysis & Opinion

Annual inflation in the UK fell to its lowest level since October 2009 last month, due to a large fall in transport costs, particularly air fares. The 0.1% drop in prices last month was a shock, since...

4 weeks of consolidation in EUR/GBP ended sharply last week. Selling interest below the key 13 day moving average accelerated as the week progressed and net losses of more than 130-pips were the most...

The Marabuzo line created on May 28th continues to show its relevance as a pivot point. Initially resistance it is now supporting CABLE with yesterday's demand regaining most of the preceding days...

GBP/USDAs mentioned yesterday, the daily and weekly charts are not necessarily telling the same story right now which may suggest that while the pair is looking bearish in the short term, any sell-off...

The market has conflicting signals. EUR/GBP remains capped by the 13 day moving average that has held the topside for almost 2 months but yesterday's downside stalled, and reversed at the same levels...

Tuesday’s bearish signals have been confirmed, investors selling GBP/JPY for a loss of almost 1 Big Fig. A long sequence of higher daily lows has been ended, though prices are trading in between...

Last week's demand stalled over the last 2 days of trading and this loss of upside impetus has now translated into selling in Asia this morning. This decline in GBP/JPY is not deep enough to clearly...

Similarly to Friday there was limited net movement in CABLE yesterday. In fact price action was contained within a narrower range – above the Ichimoku Cloud and 13 day moving average but without...

Last week's price action was totally dominated by Thursday’s exceptional movement while the rest of the week saw lacklustre trading. But after trading to the most negative levels for 18 months...

This pair is one of the biggest FX disappointments of 2014 so far. It has been stuck in a stubborn range since February, but things could be about to change. It is moving towards the top of its recent...

The pound had been the mighty currency in the G10 for most of the last 10 months; however it is starting to look decidedly mediocre. Its performance vs. the USD was middle of the road last May and...

Virtually all of Q2’s bullish targets for GBP/CHF have been met, as gains of 5 Big Figs since April’s low have taken sentiment to within 6 pips of January’s 18 month high at 1.5126....

Weakness in the pound in recent days has given EUR/GBP the opportunity to recover. After testing support at 0.8082, the lowest level since the end of 2012, this cross started to look oversold,...

The USD/CHF looked like it was about to break out on Wednesday, however, it has stalled today as the dollar continues to do a bit of soul searching. We mentioned yesterday that the dollar was on...