Currency Analysis & Opinion

GBP/USDTuesday’s gradual gains accelerated yesterday. The most positive levels since 2009 were posted and CABLE moved to the top of a bullishly trending Keltner channel. Intraday sentiment is...

EUR/GBPAlthough EUR/GBP traded to our 1st upside target yesterday, gains above the 13 day moving average proved limited. The resulting reversal of sentiment proved the relevance of that average, on a...

After the major US GDP miss for Q1 this Wednesday, dollar weakness is coming back to the fore. With the dollar struggling ahead of this week’s NFP report, it may be time to revisit some dollar...

On Wednesday 30th April at 1000 BST/ 0500 ET the Eurozone’s flash CPI estimate for April will be released. The market is expecting an increase in the headline rate to 0.8% from 0.5% in March,...

GDP rose by 0.8% in the first quarter of this year, which missed expectations of 0.9% but suggested steady growth after a 0.7% reading for Q4 2013. Growth was higher in three of the UK’s four...

GBP/USDDemand for GBP/USD saw our forecast for this week turn positive with prices reaching the most bullish levels since 2009. However, those highs, like Asian lows, were not held. For a 2nd day in...

EUR/USDLast week's report highlighted a lack of clear signals for EUR/USD, with the upside stalled but a Marabuzo line protecting the downside. This proved to be correct as, for a 2nd week in a row,...

The national CPI data released in Japan for March missed expectations, rather than expanding to 1.4% as expected, it remained at 1.3%, where it has been since December 2013. Due to this some analysts...

EUR/GBPA sequence of 7 lower highs was broken be EUR/GBP yesterday as profit taking developed at oversold extremes. The resulting gains were the most aggressive since the first day of the month and...

This morning USD/JPY has come under pressure, and has fallen below its 50-day moving average at 102.38. This is another set-back in USD/JPY’s recovery, and suggests that the recent rally...

GBP/USDAfter 3 days of indecisive trading that showed a lack of clear direction, yesterday saw buying interest return to CABLE. This improvement took the market back to the top of the Keltner channel...

The single currency had a poor Easter weekend. A mixture of low volumes and a mini-resurgence in the dollar caused the single currency to head south, reaching a low of 1.3785. An attempt to...

The US Dollar is one of the least loved currencies so far this year. It has only managed to make gains against two of its G10 peers, the USD/CAD and the USD/SEK, even though some were...

EUR/USDAgainst unclear signals for sentiment in EUR/USD for this week, and with muted trading, yesterday saw some selling interest develop. This move lower was enough to take EUR/USD through the 13...