Currency

The pound lost ground yesterday, following surprise news that the EU ambassador Sir Ivan Rogers had resigned. In his resignation letter, he took a swipe at Government plans, stating a need to challenge ‘ill-founded arguments and muddled thinking’. Rogers was due to step down in November after serving a 4-year term, and was also part […]

German unemployment figures and Consumer Price Index figures are out for viewing this morning, with year-on-year inflation expected to touch 1.4%, its highest number in three years. The figure may boost the Euro slightly however, with the EU extending its Bond Purchasing programme, it is still expected to cause volatile swings for Q1 & Q2. […]

The EUR/JPY went flat throughout last week. However, a closer look at the market reveals that bulls are intent on pushing price higher. So when momentum returns to the market, it might push price towards north. The supply zones at 123.00, 123.50 and 124.00 might be reached soon. EUR/USD: The EUR/USD went down on Monday […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards on Monday and Tuesday, and then began to make some bullish attempt, all in the context of a downtrend. A strong movement is not anticipated this week (although it is a possibility), for the market may not do more than […]

The key focus will be on a number of US data releases this afternoon. The most important release will be the PCE Inflation Indicator, as this is the main gauge of inflation that the Federal Reserve focuses’ on. It is expected that inflation will remain flat, at 1.7%, but there is some potential for upward […]

This week trading sessions have showed quite a lack of action, increasing the feeling of a pre-Christmas slowdown. Yesterday, Sterling remained fairly weak against most other currencies and has kicked off this morning with a general downtrend. In terms of the rest of the day’s currency market moves, the dollar managed to retain its firmer […]

Theresa May has suggested that the UK could continue to pay its way into the EU budget once Brexit has been officially completed, as long as she feels that the country is getting ‘value for money’. It was not overly clear whether these payments would cover access to the single market, or whether this was […]

Markets were relatively mixed on Friday following the volatility seen on Thursday after the FOMC announcement. As a result, the pound fell on the USD as the Bank of England’s response to the Fed’s rate hikes was to sit on their hands and leave interest rates of their own untouched for the foreseeable future. The […]

The USD/CHF went seriously upwards last week, testing the resistance level at 1.0300 before retracing a little. The outlook on the market remains bullish for the week, as USD is supposed to continue gathering stamina. The targets for this week are located at the resistance levels of 1.0300, 1.0305 and 1.0400. EUR/USD: The pair went […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD trended downwards last week, just as it was expected. Price moved sideways from Monday till Wednesday, when it started dropping further downwards. The support line at 1.0400 was tested, and although price closed above it, it would be tested again. The outlook on […]