Daily Look

The result of last week’s change in Fed language was a reversal of the recent dollar strength, together with new highs in Eurozone equities. The Eurostoxx 50 has risen for …

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Currency markets found themselves in a spin this week following dramatic action from the Fed at their policy meeting. Although they made no change to the base rate of interest, …

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“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one”. …

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GBP/USD started this week off under 1.48 and, in the run up to the FOMC statement on Wednesday, it struggled to make a sustained break above 1.49. Wednesday was of …

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EURUSD Daily Pivots R3 1.1152 R2 1.1035 R1 1.0845 Pivot 1.0729 S1 1.0539 S2 1.0422 S3 1.0232   EURUSD declined from the highs of 1.089 and is currently trading back …

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The standoff between Greece and European leaders continues and last night a dinner was held between Greek Prime Minster Alexis Tsipras and key figures in the Eurozone including Angela Merkel …

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Dollar bulls were squeezed last night as we saw some dramatic moves in FX markets with the dollar plunging after the Fed lowered its inflation and growth forecasts last night. …

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EURUSD Daily Pivots R3 1.1516 R2 1.1279 R1 1.1052 Pivot 1.0816 S1 1.0589 S2 1.0352 S3 1.0125   EURUSD broke out from the ascending triangle pattern and promptly rallied to …

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We looked yesterday at how the markets might react to today’s UK Budget, a critical one from a political point of view being the last one before the General Election, …

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As teh Fed is about to say its word, the team at Bank of America Merrill Lunch shifts its focus from EUR/USD to gold. Here is an explanation with a chart: …

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