Soft economic data dragged the AUD/USD pair below the 0.9400 area prior to the opening of today’s European session. Meanwhile, the GBP/USD pair is currently testing the 1.7050 area after a shaky Monday morning in Europe. Read more >>
The AUD/USD pair returned to the 0.9400 level today mainly due to the weakened greenback. Read more >>
The EUR/USD pair is climbing early in today’s US session in a morning filled with events. Read more >>
The EUR/USD is on recovery mode early in today’s Asian session, after it slipped yesterday on strong US economic data. Read more >>
The EUR/USD pair opened on a weak note today, but eventually picked up during the European session. During the Asian session, the pair opened at 1.3627, before sliding down and settling just under the 1.3620 area. Read more >>
It’s been a choppy day for the EUR/USD pair even after the release of Germany’s Gross Domestic Product (GDP) figures. The pair has been trading in a tight range today within the 1.3642 and 1.3652 areas. Read more >>
The GBP/USD pair briefly tested the 1.6850 area, but failed to sustain it after the release of the United Kingdom’s mixed CPI and PPI data. Read more >>
The GBP/USD pair went off to a great start today as it reached a high of 1.6816 after opening at 1.6806, but was dragged down immediately by the United Kingdom’s disappointing GDP figures. Read more >>
The weak greenback is currently struggling against a number of major currencies in today’s trading. Read more >>
The Philadelphia Fed Manufacturing Survey helped lift the greenback against a number of currencies in today’s US trading session. Read more >>
Australia’s positive employment data released earlier helped the AUD/USD pair break past the 0.9400 level today. Meanwhile, the GBP/USD traded within a tight range after the BoE announced no changes to the country’s interest rate. Read more >>
The EUR/USD pair made a sharp decline in today’s European session, continuing a trend that began last week. Meanwhile, the GBP/USD pair benefited massively from the United Kingdom’s better-than-expected retail sales data for February Read more >>
Fed Chairperson Janet Yellen’s dovish testimony led to a weaker greenback late in yesterday’s session. She emphasised the need for the Fed’s constant monitoring of the economy in order for them to decide their next move with their QE tapering. Read more >>
The EUR/USD pair went off to a pretty rough start at the opening of the European session, despite the positive Gfk Consumer Confidence Survey for March. Read more >>
The GBP gained strength in today's European session at the back of positive mortgage approvals data, MPC member Ian McCafferty's statement on the United Kingdom's (UK) interest rate, and the CBI Distributive Trades Survey for February. Read more >>
It's 'risk on' mode in Europe today ahead of Fed Chairwoman Janet Yellen's speech later (3:00PM GMT). This helped lift the EUR/USD pair near the 1.3700 again, a level not seen since late January. Read more >>
Yesterday was a fairly volatile day for the EUR/USD pair as it traded from lows of 1.3500 to highs at the 1.3550 area. The pair peaked at 1.3555 late in the European session, but was quickly dragged down after the release of the US ADP Employment Change in January. Read more >>
The GBP/USD pair reached a daily high at the early part of today's European trading after the United Kingdom posted a better-than-expected PMI Construction figure for January. Read more >>
The EUR/USD pair continued to move within a tight range just below the 1.37 area during today's session. However, there has been a sharp rise in the pair just before the opening of the European session, and is currently trading at 1.3695. Read more >>
The AUD/USD pair fell once again after China revealed a drop in its PMI in January. It came out at 49.6 this month versus 50.5 in December, and against analysts' expectations of a rise to 50.6. Read more >>
The aussie continued to plummet during yesterday's trading, but had a little break in today's Asian session. Yesterday, the AUD/USD pair sank to a low of 0.8776, although it has managed to return to the 0.88 zone. Read more >>
The greenback ended Monday's trading session weaker after the release of a lower-than-expected ISM Non-Manufacturing Data. Read more >>
The EUR/USD pair opened on a weak note in today's Asian trading at somewhere around the 1.3580 level. One of the reasons for this is the continued weakness of the European Union's (EU) economy as a whole. Read more >>
The US House of Representatives finally closed the deal on the country's budget after the Republicans and Democrats reached an agreement that is meant to reduce the US budget deficit without increasing taxes. Read more >>
The AUD/USD pair fell yet again despite performing positively yesterday after the RBA's interest rate statement. From trading around the 0.9035 zone yesterday, the pair fell sharply today due to disappointing Australian GDP for Q3. Read more >>
The aussie received a major lift from news in Australia and China to start off December on a positive note. Read more >>
In a surprising move, the European Central Bank (ECB) announced yesterday that it would cut interest rates by another 25 basis points. The cut brought down rates to 0.25%. Read more >>
The aussie suffered today after Australia posted huge losses in fulltime employment in October. Based on the data released, 28,000 fulltime workers lost their job during the period. Read more >>
The EUR/USD pair bounced back to around the 1.3500 level in today's trading, albeit temporarily. This boost came after it dipped sharply last week amid speculations that the European Central Bank (ECB) would announce further cuts to its interest rate. Read more >>
Germany's disappointing IFO data for October dragged down the EUR/USD pair in today's trading. From 104.2, expectations fells to 103.6, which was lower than the expected 104.5. Read more >>
The AUD/USD pair has been fairly erratic since yesterday after the release of the Westpac Consumer Confidence report for October. Read more >>
The EUR/USD pair continued to rise in today's session, breaking past the 1.3610 level around the early part of the Asian session. Read more >>
The greenback gained strength earlier today after FOMC board member Esther George said that the fundamentals of the US economy has improved significantly. Read more >>
The EUR/USD pair has so far hovered between the 1.3510 and 1.3530 zones in today's trading due to the lack of significant data coming from Europe. Read more >>
The aussie rallied against the greenback today after the release of the HSBC Manufacturing PMI in China, which rose from the previous 50.9 to 51.2. Read more >>
The EUR/USD pair has remained flat at around the 1.3535 level in today's trading. This happened after the FOMC meeting on 18 Sept wherein no QE tapering announcement was made, which weakened the greenback. Read more >>
The dovish statement from the FOMC, which decided to maintain its QE programme, has weakened the greenback against the euro during yesterday’s session. Read more >>
Three pairs -- the AUD/USD, USD/JPY and GBP/USD -- all received boosts yesterday on positive data from China, a more hawkish Fed, and strong Marikit Manufacturing PMI from the UK, respectively. Check out the details here. Read more >>
The market heaved a sigh of relief as the UK’s House of Commons rejected an attack on Syria, voting 275-235. Meanwhile, the EUR/USD pair remained flat today after Germany posted disappointing Retail Sales data (MoM, July). Read more >>
The USD traded stronger against most major currencies yesterday due to the continuing uncertainty on the rumored US military action in Syria. Read more >>
The EUR/USD has so far maintained trading at the 1.3300 level, while the GBP/USD continued its rally above 1.5600. Check out the details in this article. Read more >>
The AUD/USD, GBP/USD and EUR/USD pairs enjoyed a strong start in today's Asian session. Check out the details in this report. Read more >>
Find out which currencies rose and which ones fell so far in today's trading session. Read more >>
The EUR/USD has made a slight recovery today breaking beyond the 1.3310 level so far. This was after the pair dropped to this week's low at 1.3278 during yesterday's trading. Read more >>
Today's trading is expected to be a quiet one, although it should pick up starting tomorrow, Tuesday, with a number of data coming from Germany, the UK, EU, and the US. Read more >>
Today's biggest fx news is without a doubt the Quarterly Inflation Report by Bank of England Governor Mark Carney. He is expected to discuss in detail his plan for 'forward guidance' later at 9:30AM GMT. Read more >>
The greenback suffered in today's trading after Atlanta Fed Bank President Dennis Lockhart said that the initial cut in its bond-buying program could happen at any of the three remaining policy meetings for the year. Read more >>
The US ISM services PMI went up to a better-than-expected 56.0 in July, helping boost the greenback against major currencies, at least temporarily. Read more >>
The EUR/USD, AUD/USD, and the GBP/USD have been on a good start today, while the USD/CAD has seen a steady drop in today's session. Read more >>
The AUD/USD fell in today's trading after disappointing data from the EU and China. Plus, updates on the EUR/USD and GBP/USD at the start of the European trading. Read more >>
The EUR/USD and GBP/USD fell after yesterday's interest rate decisions from the ECB and BoE. Meanwhile, the AUD/USD recovered slightly after a sharp fall in yesterday's trading. Read more >>
The market awaits interest rate decisions from the BoE and ECB today. Read this articles on what to expect. Read more >>
It's a fairly quiet trading day today, but traders await data from the UK and US. Read more >>
The USD rallied against several currencies after the Federal Reserve maintained its rates at 0.25%. Read more >>
Today's announcement from the BoE declared no change in the interest rate, and also decided to keep stimulus at £375 billion. Read more >>
The EUR got a boost from yesterday's Industrial Production data from Germany, while the GBP sees volatility ahead of the BoE's interest rate decision. Plus, the AUD rose during today's Asian session. Read more >>
The USD took a heavy beating this week after announcements from the Federal Reserve failed to encourage confidence in the still-struggling US economy. Read more >>
Want to know what are the major events for this week? Click on this article to find out. Read more >>
The Australian dollar continued its rise this week, particularly against the USD and the GBP. Read more >>
We’ve spoken at length at FX Strategy about identifying the safe haven currencies of the future as we question whether the currencies of the past will ultimately retain their status. As we have reported on many occasions as well, we are not alone here but in the company of some very smart FX operators such as Jim Rogers and George Soros. Read more >>
USD/JPY has fallen yet again, and looks set to test the 75 handle before it is all said and done. USD/CAD has broken below parity during the week, and found a spot at 0.99 in which to rest. GBP/USD busted through the 1.60 level this past week, and looks set to try and regain 1.65 or so. Play video >>
GBP/USD smashed into the 1.60 level on Monday, and then fell a bit. GBP/JPY looks like a pair that is finding a slow healthy "grind" upward. Play video >>
USD/CHF fell on Friday, and looks decidedly weak at this point. However, the Swiss National Bank is working against the Franc's appreciation. GBP/USD has absolutely exploded against the USD on Friday, but faces a serious challenge in the form of 1.60 and the 50% retrace Play video >>
GBP/USD has fallen with the "risk off" trade coming back into vogue on Monday. GBP/JPY is in a similar situation. Perhaps the 120 will give us clues as to the direction for the pair over the next few weeks? Play video >>
The GBP/USD pair fell on Thursday, and even went below the 1.57 level for a time. The USD/CAD pair rose, and then fell on Thursday - forming a shooting star at the bottom of the recent run. Play video >>
AUD/USD had a fairly benign day as it sits just below the parity level. GBP/USD fell from the top of it's recent consolidation area. The 1.57 level continues to act as resistance, and with the Bank of England going into QE mode again, this pair should continue to act weak. Play video >>
USD/CAD fell on Monday as traders bought the oil markets. The falling of this pair isn't a big surprise because of this, and to think that the pair would do any different would be difficult. However, we think that the 1.02 - 1.03 level should continue to be supportive and are willing to buy supportive candles. GBP/USD rose as well, but fell short of breaking out of its consolidation area, marked by the 1.57 level on the top. The breaking of this area would be bullish - but the 1.59 - 1.60 area should be resistive as well. Because of this, we are selling rallies. Play video >>
GBP/USD fell hard on Wednesday as traders are starting to think that the Fed will not ease on Friday, thus punishing the Pound. The pair formed a shooting star on Tuesday, and then broke down - a classic technical move. The pair looks like it wants to fall further, perhaps to 1.61 if we get further downward pressure. The USD/JPY pair is rising slightly due to the selling of US Treasuries and the higher yields coming out of America. The markets need to break a bit higher before we get long as the trend is so bearish, but until then - we are sitting tight. The 77.50 level is our mark to buy, with a possibility to reach as high as 80. Play video >>
The GBP/USD pushed higher on Tuesday as the cable continues to get a bid. It is approaching the 1.65 area, and could face a large amount of resistance in the region. The pair does look bullish, and the most recent low didn't make a new low either - but anticipating this move could get you hurt. We are waiting to see if the daily candle closes above 1.65, and if it does - we are very bullish until roughly 1.68 or so. The GBP/CHF pair broke through the 1.30 area on Tuesday, and even broke the top of a shooting star in the process from Monday. However, with the Swiss National Bank making announcements as to their intentions to devalue the Franc on Wednesday, only fools rush into this pair right now. True, it looks very strong technically - but there is simply too much headline risk at the moment. The wise trader waits to see the reaction to this announcement, and then places the trade. Play video >>
The GBP/USD pair fell on Wednesday as it finally broke through the bottom of the recent consolidation area between 1.62 and 1.65 or so. The pair will also find support at the 1.60 area, so we are expecting choppy but negative motion in the near term. With the UK riots going on, and the issues in Europe - one has to feel that a lot of money could be flowing into the US soon. The AUD/USD pair has fallen again on Wednesday, but remains in a new consolidation area between 1.01 and 1.04. The pair seems to have a ton of support at the parity to 1.02 level, and should continue to receive a bid at these levels. However, with the recent massive down move, we could see a bit of a rest over the next few days in this pair. Play video >>
The GBP/USD pair shot straight up on Wednesday, confirming the bullish hammer on Tuesday. The pair is just under the 1.65 area, which should serve as a form of resistance. The pair could be bullish, but we only feel comfortable once a daily close above 1.65 happens. Until then, we expect choppy trading conditions. GBP/CHF shot up as well, but mainly because the Swiss National Bank decided to cut rates in order to make the Franc a little less attractive to traders. The bounce was short-lived though, as traders began to short this pair again after the surprise move. This shows exactly how weak this pair really is. We are still happy with selling rallies. Play video >>
NZD/USD skyrocketed on Friday after falling earlier in the day. The pair is overbought, but we certainly do not want to stand in the way of this freight train which is the long term trend we see in this pair. The GBP/USD rose on Friday, but is presently running into trouble at the 1.65 level. As we look at it, this pair looks like a prime candidate for a choppy market, bouncing between the 1.65 and 1.63 levels. We think this pair will only offer short-term opportunities for the immediate future. Play video >>
GBP/CHF is one of the biggest downtrends in the Forex markets. Because of this, we always sell it, and we are presently watching this pair as it is rising. GBP/USD fell andGBP/CHF is one of the biggest downtrends in the Forex markets. Because of this, we always sell it, and we are presently watching this pair as it is rising. GBP/USD fell and bonced form the 1.60 level yet again bonced form the 1.60 level yet again. Play video >>
The GBP/USD pair fired off a buy signal again on Monday. The GBP/CHF pair looks like it is basing at this level as yet another hammer gets printed. We are looking to sell at much higher levels. Play video >>
The GBP/USD has printed two hammers in a row on the daily chart. This bodes well as it shows a propensity for strength in the near-term markets. However, the 1.65 area seems likely to hold as this trade should be a short-term trade at best. If the 1.60 gives way - look out below. Play video >>
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