Alpesh Patel

MORNING BRIEF The US Dollar was heavily hit yesterday from some aggressive profit-taking across the board. The American currency fell against the Euro and Cable pairs as investors liquidated their positions and added on their pro-risk trades. As a result Euro has reached as high as 1.3675 and the Pound hit 1.6170 getting boosted by […]

MORNING BRIEF It was about time that US politicians came to their senses and did the right thing for their country’s economics and the right thing for global markets as well. Yesterday, Democrats and Republicans reached a deal over the debt ceiling issue that held markets hostage for almost 3 weeks now and voted to […]

MORNING BRIEF Currency markets have been a fierce battlefield for the past few days as debt talks in Washington spread optimism over finding a solution only to take it back a few hours later. Yesterday better than expected economic news from Europe were bound to propel Euro and Cable higher but at the same time […]

MORNING BRIEF This is a very crucial week for currency markets globally as we enter the third week of the US government shutdown. Investors remain cautious and this is causing an unpleasant trading environment as breakouts prove to be fake and trends don’t last testing trader’ nerves. Last night there was a shared feeling of […]

MORNING BRIEF It has been a bumpy road the past week for the currency markets as the stalemate in discussions over the debt ceiling in Washington seems hard to overcome. This has hurt the Dollar over the week but the overall uncertainty has led investors to stay in the sidelines and wait for a clear […]

MORNING BRIEF Currency markets were quiet yesterday as US Dollar gave back some of the ground it gained on Wednesday with Euro and Cable moving a bit higher. Discussions in Washington seem to be heading somewhere as the Republican representatives agreed to deliberate with President Obama on a ‘temporary spending bill to fund governmental needs’ […]

MORNING BRIEF It has been a pro-Dollar session yesterday across the board as the US currency was lifted over several developments through the day. President Obama’s decision to nominate Fed’s Vice Chairwoman Janet Yellen to succeed Ben Bernanke was perceived as a relief from market participants as her dovish views over the US economy have […]

MORNING BRIEF A range-bound move across the board for almost all major currency pairs was the theme of yesterday’s sessions. Euro and Sterling edged just a bit higher before retracing back down to previous levels as the currency market seems to be holding its breath until some kind of a solution appears in the US […]

MORNING BRIEF It has been an eventless day yesterday as the currency market didn’t produce any major developments. The Euro remained range-bound between 1.3550 and 1.3600 while the British Pound rebounded from the support level of 1.6000. We had no news events over the day to provide direction to the market so investors remained focused […]

MORNING BRIEF   The US Dollar ended the week lower against its peers even though it pulled back higher on Friday. The US currency regained some lost ground on the week’s last session hitting 1.3550 against the Euro and almost 1.6000 against the Pound but overall it was dovish week for the buck. The potential […]