Daily Look

The focus falls on sterling today with the UK Chancellor delivering his ‘autumn’ statement. This is essentially a mini-budget, even more so with an election only six months away. But …

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Yesterday, Europe decided it wanted to undermine the firmer dollar tone that emerged during the Asia session, with sterling the most prominent beneficiary of the dollar reversal. During December, more …

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EURUSD Daily Pivots R3 1.2596 R2 1.2551 R1 1.2509 Pivot 1.2464 S1 1.2422 S2 1.2376 S3 1.2335   The one hour charts for EURUSD shows a bullish flag pattern being …

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The week and new month starts with two primary points of interest. The first is the oil price, which slumped last week, with further weakness being seen in the early …

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Following OPEC’s announcement yesterday to maintain its production target of 30 million barrels a day, oil prices have collapsed over 6% with WTI below $70 and Brent to $73.  The …

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Despite US investors being on holiday yesterday for Thanksgiving, the dollar has regained a little ground with the rebound coming largely at the expense of crude oil which continued its …

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The squeeze continues for the shorts in EURUSD as it recaptured the 1.2500 level on the back of yet further weaker than expected US data. It was as if buyers …

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The euro’s bounce against the dollar continued yesterday as stronger GDP data from the US wasn’t enough to compete against a poor consumer confidence reading. If shorts continue to be …

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Yesterday showed how good old fashioned support and resistance levels should always be closely watched as EURUSD bounced off the 1.2360 level for the second time of the month. EURUSD …

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Napoleon Bonaparte once said “Let China sleep, for when she wakes, she will shake the world”. The global financial markets are certainly trembling this morning, with emerging market and commodity-linked …

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