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By 21 November 2014

November Market Update (Week 3)

Last Friday, after the Prelim UoM Consumer Sentiment on the US, EUR:USD proved the recent indecision and is still bouncing between the 1.23 and the 1.26 levels. Not much else going on this week as most of the currency pairs are in a consolidation/phase 2 stage. JPY crosses still on the rally even after the

By 14 November 2014

November Market Update (Week 2)

This week, after the Inflation report on the 12th, we were able to see the reaction of the GBP and respective crosses after the dovish comments that confirmed the indecisive price action seen on both the GBP:USD and the EUR:GBP. After what seemed like the return to the overall short trend at the end of

By 7 November 2014

November Market Update (Week 1)

After the quantative easing announcement from last week, the USD dollar confirmed his strength during this week. All the majors and minors seem to be getting back to the overall trends which should be work out some good signals for all the trend followers out there. But the big news this week came from Japan

By 31 October 2014

October Market Update (Week 4)

According to the ECB bank lending survey, the credit standards are still tight in historical terms. As the banks expect a net increase in loan demand in Q4 we can still see the EURUSD hanging tight at the 1.27 level. After the announcement from the Federal Reserve on the 30th about stopping the quantative easing, some

By 17 October 2014

October Market Update (Week 3)

EURUSD still in a period of indecision although now showing a shy reaction to the 1.28 resistance level. The strong bearish moves on the 15th weren’t enough to confirm the end of the Dollar strength as there is still no still no conclusive price action since the rejection of the 1.25 level at the beginning

By 23 September 2014

September Market Update (Week 3)

The dollar climbed to a six-year high versus the yen, reaching levels unseen since the collapse of Lehman Brothers Holdings Inc., after Federal Reserve officials raised their target-rate forecast. The greenback was set for the highest closing level in four years versus major peers after Fed policy makers increased their median estimate for the key rate to 1.375 percent

By 12 September 2014

September Market Update (Week 2)

The biggest news item to move the market came over the weekend with the pound sliding to its weakest level since November versus the dollar this week as opinion polls highlighted the risk Scotland will vote for independence next week, potentially splintering the U.K.’s 307-year-old union. Britain’s currency dropped the most in more than a year against

By 5 September 2014

September Market Update (Week 1)

The euro dropped below $1.30 for the first time since July 2013 after the European Central Bank unexpectedly cut its main refinancing rate to a record 0.05 percent and introduced additional stimulus. The shared currency fell the most versus the greenback since October after officials lowered the deposit rate to minus 0.2 percent, also the least on record. The euro

By 1 September 2014

August Market Update

WEEK 1 The biggest mover this week was the Aussie after Australia’s jobless rate jumped to a 12-year high in July, surpassing the U.S. level for the first time since 2007 and sending the local currency tumbling. The unemployment rate rose to 6.4 percent from 6 percent, the statistics bureau said in Sydney, versus the

By 11 August 2014

August Trading Update (week 1)

The biggest mover this week was the Aussie after Australia’s jobless rate jumped to a 12-year high in July, surpassing the U.S. level for the first time since 2007 and sending the local currency tumbling. The unemployment rate rose to 6.4 percent from 6 percent, the statistics bureau said in Sydney, versus the median estimate