Weekly Currency Report (2016.07.18)

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Weekly Currency Report (2016.07.18)

Weekly Currency Report - Last week, the forex market was dictated by the Bank of England’s (BoE) interest rate decision. The BoE surprisingly kept its benchmark interest rate...

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EURUSD Analysis (2016.07.18)

EURUSD Analysis - EUR/USD rose initially during the course of the day on Friday, but turned right back around to form a fairly negative candle. It makes sense, because we...

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Daily Forex Analysis (2016.07.18)

Daily Forex Analysis - The euro, British pound and the yen are seen trading range bound in the near term, awaiting the next major fundamental catalysts, but could see a temporary...

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BoE weighs on GBP (2016.07.14)

BoE weighs on GBP - The British pound is likely to come under pressure today as the Bank of England is expected to cut interest rates by 25bps, a close call which could go either...

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US dollar (2016.07.13)

US dollar - GBPUSD and the USDJPY rallied yesterday, breaching $1.32 and 104Yen respectively as noted in yesterday’s commentary. Price action is likely to pause in the near...

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Weekly Currency Report (2016.07.11)

Weekly Currency Report - The highlight of the week was release of the US nonfarm payrolls data and the Federal Reserve monetary policy meeting minutes. Macroeconomic data...

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EURUSD eyes 1.07 on a breakout below 1.10 (2016.07.06)

EURUSD eyes 1.07 on a breakout below 1.10 - Risk aversion resumed after the US returned from holiday with investor sentiment turning sour after a third real estate fund suspended...

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Weekly Forex Update (2016.07.05)

Weekly Forex Update - Last week, the greenback traded mostly lower. Macroeconomic data indicated that the US economic growth at an annual rate was revised higher in the first...

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