Currency

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. […]

Donald Trump has won the US presidency. What effect will this have on the country’s economy and currency? Yesterday, the US went to polls to elect the country’s 45th president. After a long and hard-fought campaign, Republican Donald Trump was victorious, beating Democrat Hillary Clinton. With his first real foray into the political sphere, Mr […]

Markets have become particularly risk averse in the run up to the US Presidential election. The dollar has come under some downward pressure, giving up some ground against the euro, Sterling and the yen. This, coupled with Sterling slowly trying to regain some ground, explained our GBPUSD rally last week. The US elections may be […]

The pound began this week soft against the US dollar, which has seen a boost since the FBI announced Hillary Clinton would not face criminal charges for using a personal email server. Meanwhile, Eurozone retail sales figures are set for release, which could affect the euro’s value.   However, many analysts expect the dollar to […]

The GBP/USD went upwards by 370 pips last week, testing the distribution territory at 1.2550. This has led to a bullish bias in the short-term, and additional movement of 1000 pips to the upside would also result in bullish bias on a bigger timeframe like the daily chart. Unless USD gathers lots of stamina this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the weekly low of 1.0935, this pair went upwards by over 200 pips, to close above the support line at 1.1100 on Friday. Price is now close to the resistance line at 1.1150, and a breach of that resistance line would enable price […]