Sterling came under pressure this week following news that inflation posted flat year-over-year in February, the worst result on record. Driven by sliding oil prices, the Consumer Price Index (CPI) …
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“Warâ€, the satirist Ambrose Bierce once said, “is God’s way of teaching Americans geographyâ€. The average investor certainly knows a little more about Yemen today, after yesterday’s Saudi-led airstrikes on …
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The dollar started the week on the back foot, with investors continuing to sell after last week’s dovish statement from the Federal Reserve. EUR/USD quickly pushed through both 1.08 and …
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Yesterday was a strong indicator of the changing dynamic in FX markets, in that we saw the dollar weaker even when stocks were on the back-foot and political tensions in …
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The dollar is on the defensive in the early part of the European session. This is most noticeable on USDJPY, which is now below the 118.50 level. The price action …
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EURUSD Daily Pivots R3 1.114 R2 1.1084 R1 1.1001 Pivot 1.0945 S1 1.0862 S2 1.0806 S3 1.0723 Â EURUSD broke out from what looks like a still forming triangle consolidation …
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Yesterday was the debate regarding the dollar; consolidation or correction. As always, it depends where you look, because at the moment it’s a fairly mixed picture. Despite some goods efforts, …
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The overnight deluge of global PMI data has financial markets emanating a moderately positive tone this morning, accepting a “glass half-full†mentality when assessing the economic landscape. Flash purchasing manager …
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The question for markets right now is whether the dollar is pausing for breath after last week’s volatility, or we are seeing the start of a dollar correction from the …
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EURUSD Daily Pivots R3 1.114 R2 1.1011 R1 1.0913 Pivot 1.0784 S1 1.0687 S2 1.0557 S3 1.046 Â EURUSD managed to stay above the trend line and is currently testing …
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