Currency Analysis & Opinion

Having traded sideways for 4 days near January’s 17 month high at 1.5126, the break of the recent lows turned Wednesday’s signals for GBP/CHF to bearish. These were confirmed with overall...

We mentioned earlier that today would all be about levels, there is limited economic data coming out of the US and no Fed speakers, which could leave the market free to focus on the technicals. One...

Yesterday's trading range was a narrow one. Prices of GBP/USD fluctuated around the key 13 day moving average and tightly within Friday’s parameters – an ‘Inside’ day that...

GBPJPYGains above the 50 & 100 day average rates are positive for GBP/JPYsentiment, but with last week’s recovery stalling from close to a daily bear trend, this week’s outlook is...

A weaker EUR/USD was the main event for FX markets today after this pair tested below key support at 1.3638 – the 200-day sma. Weaker German confidence data triggered the sell-off; however,...

What FX markets strive for is divergence on the policy path of the underlying currencies. There was the thought that this was coming earlier this year, with the Fed tapering, the ECB potentially...

Retail sales were a key driver of pound strength this morning after sales, including autos, rose at their fastest annual pace for 10 years. This growth was broad-based across the sector, and, with the...

The April CPI data was stronger than expected, which helped GBP/USD to extend its recent recovery. The headline CPI rate rose to 1.8%, from 1.6% in March, which was the strongest level since...

The US Dollar Index’s failure to sustain its recent mini-recovery is a topic for another time, today, it matters because USD/JPY is approaching critical support at 101.20 – this is...

EUR/GBPSelling pressure continued in EUR/GBP last week. This move took the cross to the most negative levels traded for 16 months, retested the 62% correction point and, in the early part of the week,...

If the dollar is poised to recover and the markets continue to trade with their risk off tone, then surely the USD/ZAR will be at risk, right? The fundamentals aren’t looking great, negative...

GBP/USDContinuing the decline from this month’s top, GBP/USD was sold at lower levels for a 7th day in succession yesterday. This move took prices near to the bottom of a declining Keltner...

GBP/USDIn line with our bearish call for sentiment, Asian gains proved temporary yesterday – unable to clearly through the 13 day moving average. Selling pressure was resumed in Europe and CABLE...

The market had been expecting a slightly more hawkish press conference following the release of the Bank of England’s Inflation Report.However, sterling bulls were disappointed to hear that...