Currency

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair went downwards last week, going below the resistance lines at 1.0650 and 1.0600. Since November 9, price has come down more than 700 pips, leading to a very strong bearish bias on the market. There is a possibility of further downwards movement, […]

Yesterday, all eyes were on Janet Yellen’s testimony on the economic outlook, delivered before the Joint Economic Committee. Yellen readied markets for an interest rate rise to come ‘relatively soon’, noting that the case for a hike would continue to strengthen as long as the macroeconomic environment remained strong.   She also signalled the need […]

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Today, we stand to see further advancement in US politics, with the new President meeting his first world leader, post-election, with Japan’s Abe passing through town. We’ll also see Janet Yellen of the Federal Reserve testifying before the Joint Economic Committee today at 4PM, which will be the first time we’ve publicly seen her since […]

Today, we have important data from the US with October manufacturing production. Recently, we have seen positive signals from Markit PMI Manufacturing and ISM Manufacturing and it will be interesting to see if this follows through into today’s data. Yesterday, US retail sales came in stronger than expected and as we stand, there is a […]

Yesterday, the pound fell broadly across the markets following a leaked memo pointed to the government not having a strategy in place for Brexit. Sterling fell on the news and the move lower was compounded by UK inflation coming out weaker than expected for October. Today, we have just had the release of UK labour […]

The USD/JPY is already in a bullish mode, as forecasted last week. Price consolidated on Friday and closed above the demand level at 106.50. The next target for bulls are located at the supply levels of 107.00, 107.50 and 108.00. The outlook for most JPY pairs is bullish for this week, and therefore, further bullish […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair started a bearish movement on Monday, which was briefly interrupted by a massive rally, caused by the U.S. presidential elections results. Price rallied 280 pips on Wednesday and started coming down that day, forming a Bearish Confirmation Pattern in the market. The […]

Donald Trump is to become the new President of the United States of America. Whichever way you look at it, fair and square the numbers were read out and surprising to some he come out on top. Amongst protests and anguish from Democrat supporters, some investors were not surprised and have used Brexit as a […]

After a long, drawn out political campaign, the US Presidential Election has drawn to a close, with Republican candidate Donald Trump elected to take over the reins and move into the White House. Just like Brexit, the polls that emanated throughout have been completely inaccurate, having predicted Hilary Clinton as favourite in the Presidential race. […]