Blackwell Global

Key Points: Price action hinting at some near-term downside risks. $50 mark could receive a serious challenge in the coming week. US inventories data could spark the forecasted tumble on its...

Key Points: Ascending channel remains intact. Reversal could already have begun. Currently in oversold territory. The EURGBP is setting up for what could be a fairly strong reversal in the coming...

Key Points: Bank of England likely to keep bank rate steady. Watch for UK Retail Sales data. Cable likely to be volatile during Thursday’s session. The cable was initially buoyant last week...

Key Points: Cable downtrend remains in play. Employer hiring expectations slip. Cable outlook remains bearish. Last week saw the Cable experiencing a sharply negative move as a confluence of sentiment...

The last 24 hours have been a veritable roller coaster for financial markets as ongoing volatility from the UK referendum result continues to simmer.Despite the highly negative event, the currency...

The cable entered the week strongly under pressure as continued selling post-Brexit was still evident on Monday. Subsequently, the pair was under pressure early but eventually recovered somewhat...

Cable saw plenty of downside action late last week as a new BREXIT Poll from the UK Independent had the exit vote at 55%. This started a veritable landslide and saw the pair depressed by over 170 pips...

David Cameron has billed it as a ‘once in a generation’ decision for Britons and claims the UK will be irreparably damaged if it leaves the EU. However, in the event that the...

The cable has largely had a couple of strong weeks since the currency appeared to turn the corner in early April. However, despite the recent rally to the top of the range, the pair now faces some...

The last few weeks have been relatively strong for the venerable Cable as the pair has continued to be buoyant following a broadly negative streak for the US dollar. However, it appears that some...

The looming spectre of Iranian oil shipments has spooked world oil markets as the price of Brent crude has declined below $30 a barrel for the first time since 2004. Speculation is mounting that world...

Gold has been bid up off the recent six year lows, which comes as a bit of a surprise given the market’s expectation of a forthcoming rate rise. The support gold found in recent trading has come...

The cable recovered well last week after some solid falls the week before. The pair climbed steadily throughout the week thanks to strong UK employment data and soft US data. Solid resistance at the...

The EUR/GBP has fallen strongly over the past week, breaking through several key technical levels as it was impacted by the resurgent pound. However, a double bottom has just appeared on the daily...

Cable has found support after coming under considerable pressure. The diverging monetary policies between the US and the UK saw it slump to its worst week in over a year. A solid day yesterday saw it...

Last week saw the Australian dollar fall sharply as the US NFP result fuelled some sharp selling in the pair. Subsequently, traders are watching the pair closely as it nears a key level of support,...