Alpesh Patel

Pound hits yearly highs against the Euro, appreciates versus the Dollar on increased investors’ optimism MORNING BRIEF The British Pound was the main focus of yesterday’s session with the currency hiking higher on the back of increased investor optimism regarding today’s MPC minutes’ release. The Pound hit a yearly high against the Euro and recorded […]

Low volatility was the theme at the beginning of the week as major currency pairs trade sideways MORNING BRIEF Low volatility was the theme of the currency market at the beginning of the week. The major currency pairs we monitor daily took advantage of a day lacking any scheduled releases and performed in a calm […]

Dollar ends the week higher on renewed investors’ confidence, will it continue strong over the current week? MORNING BRIEF Friday was a good day for the Dollar as the US currency appreciated across the board against almost all of its major counterparts. The Dollar was back in demand last week as investors came to realize […]

Dollar picks up momentum as investors weight in the recent US results, all signs point to further gains MORNING BRIEF Dollar was the lead character in yesterday’s market action with the US currency continuing to regain the ground it had lost after the recent NFP miss. Encouraged by the strong Retail Sales Dollar bulls drove […]

Major currency pairs lack conviction as investors are undecided on Dollar’s outlook, tread carefully as markets are full of false signals MORNING BRIEF Currency markets baffled investors for yet another day yesterday as false signals and lack of follow-through were the themes of the day. The Euro attempted to climb above the 1.3700 level on […]

Investors turn their attention to the Retail Sales to better assess the progress made in the US economy, Dollar hangs in the balance MORNING BRIEF Mixed trading conditions were noticed yesterday in the currency markets. Investors were still affected by the recent NFP report on Friday and thus significant repositioning took place. The Dollar was […]

Dollar devaluates sharply after the NFP report disappoints, will this affect the Fed’s tapering agenda? MORNING BRIEF Markets were in turmoil on Friday as the Non-Farm Payrolls report missed expectations by a large margin. The jobs report monitoring the employment market in the US printed at 74k jobs added in the month of December versus […]

Draghi sends the Euro lower with his dovish remarks, will today’s NFP report reinforce the decline? MORNING BRIEF Today is an important day for currency markets worldwide as it holds the first Non-Farm Payrolls report of 2014. Investors are excited to see how the job market in the US is fairing during the recent period […]

Dollar ticks higher on better than expected ADP figures but the FOMC release didn’t reveal that much MORNING BRIEF Yesterday was a day of mixed performance for the major pairs we’re monitoring in our daily report. Euro printed a new low falling below the 1.3570 support but lacked the momentum to go much lower while […]

Major currency pairs looking for direction ahead of the FOMC minutes’ release, what this means for the Dollar? MORNING BRIEF Major currency pairs remained range-bound yesterday as investors are looking for guidance and it looks like tonight’s FOMC minutes’ release will provide just that. The Euro hovered around the 1.3630 area and the Pound traded […]