May 19 2017 @ 03:32
An upbeat UK retail sales report gave the pound a boost on Thursday, but a surprising ‘flash crash’ in the evening saw GBP give up its gains. GBP/EUR fell from €1.1727 to €1.1627, GBP/USD dropped from $1.3041 to $1.2923, GBP/AUD tumbled from AU$1.7569 to AU$1.7380 and GBP/NZD fluctuated between NZ$1.8691 and NZ$1.8841. Why is the […]
May 17 2017 @ 10:37
After last week’s conjecture about the many ‘fear gauges’ being eerily quiet, we have finally seen risk aversion in full effect this afternoon. This has shaken the markets out of its VIX torpor with gold up, treasury yields off and a very strong yen. Investors are worried about ‘another’ crisis which has hit the new […]
May 14 2017 @ 22:09
The Cable consolidated throughout last week in the context of an uptrend. Price tested the accumulation territory at 1.2850, but closed above it. A closer look at the market reveals that the uptrend is getting tired, thereby increasing chances of a large pullback, which could happen this week. A movement below the accumulation territory at […]
May 13 2017 @ 18:13
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is bullish in the medium-term, but neutral in the short-term. Price tested the support line at 1.0850, closing above the support line at 1.0900 on Friday. A movement above the resistance line at 1.1000 would strengthen the existing bullish bias, while a […]
May 12 2017 @ 03:29
Yesterday wasn’t too super for the pound, with GBP exchange rates broadly declining in the wake of the BoE’s latest interest rate decision. GBP/EUR dropped to a low of €1.1838, GBP/USD fell from $1.2944 to $1.2853, GBP/AUD edged from AU$1.7570 to AU$1.7439, GBP/NZD closed the day at NZ$1.8839 (up from a low of NZ$1.8774) and […]
May 11 2017 @ 20:28
When I first went to university the initial week was filled with the usual getting to know the lay of the land such as how the library works (in a surprisingly mysterious way I might add), where various labs where and what the protocol for various subjects was. One of the most striking events was […]
May 11 2017 @ 05:33
Towards the end of yesterday’s European session GBP/EUR was holding above €1.1900, with GBP/USD fluctuating around $1.2950. The pound dropped against the Australian, New Zealand and Canadian dollars however, with GBP/AUD falling back to AU$1.7521 (down from a high of AU$1.7652). Although GBP/NZD tumbled from NZ$1.8813 to NZ$1.8634 ahead of the Reserve Bank of New […]
May 10 2017 @ 03:30
Gradual pound gains seem to be the theme of the week, with Sterling spending Tuesday sneaking its way higher against the majors. GBP/EUR advanced to a May high of €1.1921, GBP/USD tiptoed to an eight-month high of $1.2981, GBP/AUD surged from AU$1.7557 to AU$1.7649, GBP/NZD closed the day above NZ$1.8800 and GBP/CAD recovered from C$1.7673 […]
May 09 2017 @ 05:50
The pound managed to hold its own against the other majors at the beginning of the week despite a lack of UK news. The GBP/EUR exchange rate meandered from €1.1817 to €1.1864, GBP/USD lingered at $1.2933 (close to an eight-month high), GBP/AUD jumped to a new eight-month high of AU$1.7636 and GBP/NZD advanced to NZ$1.8800. […]
May 09 2017 @ 05:44
Macron 66.1% Le Pen 33.9% Emmanuel Macron is France’s new president after convincingly beating the National Front candidate Marine Le Pen in the second round run-off. After a fairly low turnout, it was the centrist candidate Macron who was victorious. However it was always going to be the market reaction that we cared about rather […]