General Commentary Last week’s currency trading review The EUR/USD struggled last week giving up gains from above 1.2400 as it became evident nothing was going to happen right away in regards to ECB buying Spanish bonds. Also delayed was the decision on Greece with the troika report expected to come… read more
An in-depth market summary of the previous week’s foreign exchange trading movements, the weekly outlook presents the forex market moving events and data releases which impacted major currencies and commodities. Discussion of future events and indicators in the coming week which are likely to influence the foreign exchange market are discussed. The general expectation of these releases and the implications going forward are also explained in detail.
Technical analysis of the major currencies and gold at present time is also provided to highlight where the market is positioned and to assist in calculating the extent to which any move in the major currencies and gold could have upon release of future data.
General Commentary Last week’s currency trading review The EUR/USD was very volatile last week falling heavily on Thursday when no specific plan was announced by the ECB at their meeting but then staging a dramatic reversal on Friday to end at new highs. Spanish and Italian bond yields are falling… read more
General Commentary Last week’s currency trading review The EUR/USD is enjoying a relief rally on the back of dramatic comments from the President of the ECB Draghi stating they would ‘do whatever it takes’ to save the Eurozone. The market is expecting a lot from the ECB meeting on Thursday… read more
General Commentary Eurozone Debt Crisis Reaching Danger Zones Again Last week’s currency trading review The EUR/USD is back in focus this week as weekend reports that Greece has probably not implemented the reforms needed to receive the next tranche of bailout money scared investors. The troika begin their inspection on… read more
General Commentary Last week’s currency trading review The EUR/USD had a dramatic reversal once again falling to new cycle lows under 1.2300 falling pretty much for the whole week down over 300 pips as support evaporated on Euro debt concerns. The heavy selling post bailout underpins how weak the single… read more
General Commentary Last week’s currency trading review The EUR/USD ended the week on a high surging 300 pips as the EU summit came to a conclusion with the announcement that the ESM bailout funds will be used to lend to troubled European Banks and to buy Government Bonds. These measures… read more
General Commentary Last week’s currency trading review The EUR/USD led the relief rally last week as European officials got ready to act on the worsening Spanish Debt crisis. Over the weekend they did just that with an announcement that Spanish banks would receive up to 100bn in loans to help… read more
General Commentary Spain now the Big Concern, Dangerous Times Last week’s currency trading review The EUR/USD tested 1.2500 last week as the market concerns about Greece and Spain encouraged attempts lower. Strong support was seen at the big figure and we are now watching for signs of contagion from Greece… read more
General Commentary Greece helps drive markets lower Last week’s currency trading review The Dollar was bid for most of the week as markets around the world extended losses on the back of uncertainty from Greek elections. Adding to the dollar buying were downgrades of European banks by ratings agencies. April… read more
General Commentary Greece’s Fate in the Balance Last week’s currency trading review The EUR/USD is dominating the currency market and the headlines lately with political deadlock in Greece and a new push from the left to spend more money and focus on Growth rather than debt. The Greece political talks… read more