Alpesh Patel

Volatility seems to be back in force in most major currency pairs as the week draws to an end. We’ve had a slow start during the first sessions on the week but yesterday the geopolitical and economic developments produced significant swings in the major pairs we monitor daily. The Euro disregarded the strong German Unemployment […]

The Euro was the main focus of yesterday’s session with the Single currency picking up momentum as it broke below the 1.3700 support. The European currency traded down to 1.3660 before pulling back up towards the 1.3700 barrier. Political and economic reasons were behind this drop as tensions in Ukraine resumed with people protesting again […]

Any noteworthy volatility was absent during the first trading day of the week and the major currency pairs we discuss every day consolidated around the same levels they closed last week. With only Euro-related releases yesterday and with figures coming in as expected there was little to change the current outlook. The Euro remained well […]

Friday was a quiet day for the currency market even though we expected important news from the UK with the Retail Sales release. The release was expected to surprise to the upside on the back of the recent improvements in the UK economy, however the figures showed a 1.5% decline in January. The Pound received […]

Not a good day for the Euro and the Pound yesterday as both currencies suffered losses against the US Dollar. The European currency was hit by lower than expected PMI levels for the Euro-zone. Germany’s indices were in line with the expectations but it is obvious that the strongest economy in the Euro-area can’t carry […]

It was a calm trading day yesterday with no major moves in the currency pairs we monitor in our report. Even though we had events that could spur bigger swings, especially the central banks’ minutes, the releases revealed nothing new and as such market participants didn’t react in any way. The Euro dropped against the […]

Mixed performances from the major currencies yesterday in a day with a number of important events. Market participants were back in force after the slow start of the week on Monday and we saw volatility picking up after the various releases. The Euro was higher reaching 1.3770 even though the ZEW Survey came in less […]

Reduced volatility across all major currency pairs yesterday as the beginning of the week had no new developments and the US markets were also closed for Presidents Day. During the European hours, the Euro retained its earlier gains and continued to hover around the 1.3720 level forming a tight sideways pattern. The European currency will […]

The Dollar continued to trade lower against the rest of the majors on Friday dropping to a 6-months low. The US economy has offered some disappointing economic releases lately and the Industrial and Manufacturing Production numbers on Friday were again luck luster. There is concern among many parties that the economy may not be able […]

The US Dollar was under pressure across the board yesterday as we suggested in our previous report as investors were expecting a soft US Retail Sales report. Indeed, Retail Sales in the US didn’t just stagnate as analysts were expecting but the figures actually fell pushing Dollar downwards. The 0.4% decline in January is an […]