Foreign Exchange

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market essentially consolidated throughout last week – in the context of an uptrend. Although price did not go seriously upwards or downwards last week, that stance is going to change this week (for price would assume a directional movement). It is much more […]

It’s probably fair to say that the British Pound exceeded expectations of many in 2017. By the close of the year, GBP had rallied 9.53% against the flailing Greenback, 7.4% against NZD and 5.6% against JPY. Yet whilst these are admirable results from a currency which was poised to only go lower (thanks to Brexit) […]

With the goldilocks global economy set to roll on for another year, the current environment should remain supportive for risk markets and assets. This cyclical environment – broadening growth with low and benign inflation – will also be helped along by lower political uncertainty. The world has seemingly learned to live with President Trump’s tweets (“My nuclear button’s […]

The USD/JPY went sideways during last Monday and Tuesday, and then began to drop on Wednesday, until the market closed on Friday. There is a Bearish Confirmation Pattern in the 4-hour chart (though the outlook on the market is neutral), which would become strong as price moves further southwards this week. EUR/USD: The EUR/USD rose […]

The USD/CHF did not make any significant movement last week, neither is it expected to make any significant movement this week (because volatility would thin out). Price is thus expected to oscillate between the resistance level at 0.9950 and support level at 0.9800 within the next several trading days. However, a breakout will occur early […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is bullish in the short-term, but neutral in the long-term. Price rose from the support line at 1.1750 and tested the resistance line at 1.1900 (a movement of 150 pips). However, price closed below the resistance line on Friday. Bulls might still […]

RANDOM THOUGHTS FROM LIFE ON THE ROAD Louise Bedford and I have just wrapped up about a month of travelling to different states and presenting, which is something we haven’t done for probably 15 years. It was an interesting adventure and good to get out from behind the screen and talk to people. When I […]

Signs that the UK government was knuckling down and formulating its plans for Brexit helped push the pound higher yesterday. GBP/EUR is trading in the region of €1.1333, GBP/USD is fluctuating around US$1.3391, GBP/AUD is holding steady at AU$1.7416, GBP/NZD is on the cusp of NZ$1.9101, and GBP/CAD is in the region of C$1.7219. For […]

The UK was given the green light on Friday to move ahead to the next phase of Brexit negotiations, but the pound was on poor form. The pound starts the week on a mixed footing today, with Sterling’s performance so far more positive than negative. GBP/EUR is stuck around opening levels at €1.1333, while GBP/USD […]

The EUR/USD made some bullish effort last week, but further rally was rejected when the resistance line at 1.1850 was tested. Since then, price has gone down by 100 pips, now almost below the support line at 1.1750. Further bearish movement is expected this week as price goes towards another support line at 1.1700. EUR/USD: […]