Currency Analysis & Opinion

This cross has fallen to fresh lows today as a mixture of weak German ZEW data and a 17-year high in the UK- German yield spread weighs heavily on the single currency. 0.8160 was a key level of...

For much of the second half of last year the Nikkei 225 and USD/JPY moved in the same direction. However, this relationship has deteriorated since the start of this year, as both the Nikkei and...

GBP/USDAgainst a bearish background for this week, yesterday saw CABLE attempt to correct last week's upside rejection. Gains were posted but the highs not maintained and although Asian trading has...

The single currency was one of the weakest performers in the G10 vs. the USD last week, after ECB President Draghi suggested that the Bank will take further accommodative action at its next meeting in...

GBP/USDCABLE was bought at higher levels for a 6th week in a row last week and reached the highest point traded since 2009 – marginally short of 1.7000. The resulting setback was a sharp one...

GBP/USD may have fallen below 1.69 on Friday; however this could be a temporary move, as the technical indicators and fundamental back-drop still look supportive for this pair. On the technical side,...

GBP/USDTuesday’s powerful gains dominate the background to CABLE trading. Yesterday's modest decline was the 2nd profit taking day but the setback has only corrected half of Tue’s net...

ECB President Mario Draghi has a habit of getting what he wants. He has spoken out about the damaging strength of the EUR in recent weeks, and by the end of today’s ECB press conference the...

EUR/USDYesterday’s trading saw EUR/USD sentiment deteriorate modestly following Tuesday’s strong gains. Investors are cautious with prices trading close to March’s 2 ½ year...

The biggest theme in the FX market right now is the weakness in the Dollar. It is defying better than expected US economic data (the upside payrolls surprise last Friday) as well as the Fed’s...

The ECB is not the only central bank in town this week, Norway’s Norges Bank is also holding its meeting on Thursday and will announce its latest decision at 0900 BST/ 0400 ET. This is the...

FTSEDespite improving FTSE 100 sentiment, which has come from close to the 50,100 and 200 day average rates, and with futures subsequently posting 5 higher daily lows & highs in a row, a loss of...

The pound has risen to a fresh 5-year high today on the back of another strong PMI reading. The all-important service sector PMI rose to its highest level in 2014 so far in April, and this data...

GBP/USDAgainst a background of bullish signals for this week, Monday saw GBP/USD trading caught within a tight range. More importantly all price action was confined, tightly, by Friday’s...