Alpesh Patel

As expected the Pound was the key theme of yesterday’s session as the Bank of England released its Inflation Report. The report contained significant changes in what we knew so far and as such the volatility in the British currency was substantial. In their Inflation Report the Bank of England decided to drop their unemployment […]

Dollar was on the forefront of everyone’s attention yesterday in a day that held no important economic news releases other than Janet Yellen’s speech to the House in the US. The new Fed Chairwoman addressed the Financial Services committee and answered lawmakers’ questions regarding the current state of the economy and her views on the […]

The week started off with a peaceful and uneventful trading session yesterday with the major currency pairs we monitor demonstrating low volatility. The Euro remained pretty much stable for the entire day hovering around the 1.3650 area and only during overnight trading hours it popped above that to reach 1.3680. There was little in the […]

The jobs report on Friday missed expectations for the second month in a row but Dollar’s losses were not that severe. The US currency fell against the Euro and the Pound but not at a manner that would constitute a sell-off. The Dollar was lower against its major peers but stock markets extended their previous […]

As we mentioned in our report yesterday, the Euro was the currency that markets were focused on as the European Central Bank announced its key interest rate and President Draghi held the usual press conference. The ECB didn’t change the interest rate’s levels but the outcome of his remarks was a radical rise for the […]

The Euro is our key focus for today as the European Central Bank will release its rate decision today and more importantly ECB President Draghi will host his usual press conference. But before discussing that let’s go over yesterday’s news. Yesterday market participants were surprised by weaker activity data from the Services sector for the […]

The Pound is the focus of the day as Q4 GDP is expected, mixed performance for the majors yesterday MORNING BRIEF A much calmer trading day for the currency markets yesterday with the major currency pairs performing in a less volatile manner than we have witnessed last week. The Euro attempted to climb back above […]

Increased volatility across all major currencies pairs as the week ahead holds extremely important developments MORNING BRIEF Increased volatility in the currency markets didn’t subside on Friday with the major currency pairs on our radar demonstrating large swings for yet another day. The theme in the markets on the last day of the week was […]

Euro explodes higher after the Flash PMIs surprise to the upside, Dollar falls across the board MORNING BRIEF The Euro performed admirably against the Dollar and the Pound yesterday as the Single currency was the focus of the day after the extremely bullish PMIs released yesterday. The European currency climbed from 1.3550 to 1.3700 within […]

British unemployment fell radically sending the Pound higher, Euro on the forefront today as Flash PMIs are expected MORNING BRIEF The Pound was again the best performing currency for yet another day as the British currency climbed even higher after the employment data released exceeded expectations. Unemployment rate fell to 7.1% which is mighty near […]