Foreign Exchange

As the dust settles from Trump’s divisive inauguration speech let’s take a look at how the majors are shaping up. EUR/USD EUR/USD’s recovery is likely to be tested this week… Prices have been rotating higher since the turn of the year, forming a bullish support line. However, the market is now heading up into a […]

Most of the focus on Friday was on the lead up to Donald Trump’s inauguration, and soon after, the Greenback lost a bit of strength as risk appetite soured across the board. With the Federal Reserve announcing that the US is close to full employment, they may be looking ahead to unwind the Fed balance […]

The U.S. dollar climbed over 1.5% versus the Yen right after the FBI stated that they will be sticking by the conclusions of the original probe in July. It was expected for the dollar to strengthen with Clinton’s victory and weaken with Trump’s. Trump has promised to tear up existing U.S. trade agreements and was […]

The EUR/USD was able to maintain its bullishness last week. There is a Bullish Confirmation Pattern in the 4-hour chart, and price is currently testing the resistance line at 1.0700. The resistance line would be broken to the upside this week as price targets another resistance lines at 1.0750 and 1.0800. EUR/USD: The EUR/USD was […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD moved upwards by about 100 pips last week, now testing the resistance line at 1.0700. The upwards movement last week was not strong, but it was noticeable enough to show that the recent bullishness in the market remains a valid thing. This week, […]

Pound experiences another solid day It was another solid day for the pound yesterday off the back of Theresa May’s speech earlier in the week and the European Central Bank’s decision to keep their monetary policy unchanged. The pound hit a two-week high against the euro, in what could be a sign of what’s to […]

It was another steady day for Sterling, as markets continued to interpret Theresa May’s speech from Tuesday. The Prime Minister gave the currency a much needed boost, stating that unless the UK and EU were able to negotiate a civil divorce package, then Britain would go it alone and leave the single market. Sterling has […]

Today, Theresa May will attempt to calm fears of Sterling’s volatility, stating she wants a global UK. Lancaster House is the venue for investors to keep a keen eye on proceedings. Theresa May will be looking to state a ‘clean’ Brexit and seek trading agreements not only with the EU, but other surrounding national counter-parties. […]

Reflecting off of the two main market movers currently, Brexit and the US presidential election, we saw a much more risk adverse week last week in line with some steady Sterling negativity. The recent headlines and comments from the UK has increased concerns over the UK’s Brexit strategy while we head into negotiations with the […]

This morning, markets focused on from China where December trade numbers were released a few hours ago. Trade data disappointed as Chinese exports fell 7.7% in 2016 and imports fell 5.5%; a fall which was somehow cushioned by a weaker yuan. The news will raise fears that global demand is slowing in Europe and elsewhere. […]