Daily Technical & Fundamental Analysis

Brexit issue in sterling spotlight
07 September, 2018 16:48

Brexit issue in sterling spotlight

The end of the week is positive for the European currencies. The euro shows moderate upturn, though the sterling is hiking driven by generally good Brexit reports. On Friday, the sterling-to-US dollar exchange rate touched the 1.30 handle for the first time in September. Nevertheless, the breakout must be confirmed, and the rate slightly decreased to 1.2969 later this day...

Sterling somewhat rebounds on look-out for foothold
06 September, 2018 13:45

Sterling somewhat rebounds on look-out for foothold

The sterling regains positions against the US dollar in the second half of the week. The sterling to US dollar exchange rate stands at 1.2934 now. The sterling showed untraditional very active midweek. After about 6 days of selloffs, the currency enjoyed buying and jumped by almost 2 figures. Such market development can be explained by the statements of Theresa May...

Euro decline can be chance for buying
05 September, 2018 18:04

Euro decline can be chance for buying

The US dollar remains strong in the middle of the week, though it does not show the yesterday's rush to peaks. Bulls seem to lose the steam, and further upturn needs fuel, which can come from the trade war escalation and US labour market figures. The market will be focused on earnings levels as usual.

Australian dollar decline slower in midweek
05 September, 2018 14:24

Australian dollar decline slower in midweek

The Australian dollar has stopped slackening vs the US dollar in the midweek. The Australian dollar stays at 0.7176 against its American counterpart, and it is said to have good reasons to move. Australia has released Q2 GDP figures with just 0.9% q-o-q upturn (1.1% up q-o-q in Q1).

US dollar on the rise again
04 September, 2018 16:54

US dollar on the rise again

The US dollar is gaining grounds on all fronts. In this situation, the euro hit a 1.5-week bottom at 1.1650. The Japanese yen stays below 111.00, while the sterling keeps falling to 1.28. The American currency has resumed strengthening driven by increasing rough sentiments as Washington is about to launch new duties on imports from China worth $200 billion this Thursday.

Sterling keeps plunging on Tuesday
04 September, 2018 14:32

Sterling keeps plunging on Tuesday

The sterling continues downward movement vs the US dollar on Tuesday. For now, the rate stands at 1.2822. The inflation hearing will be held in the UK Parliament today, though the results of this meeting will be unveiled later this day. Meanwhile, the market remains concerned about the Brexit development, as unrest is expanding as documents are practically completed...

Further decline seems to be easy way out for sterling
03 September, 2018 17:47

Further decline seems to be easy way out for sterling

The sterling stays depressed during the Monday trading, having started sliding later last week. The current situation is partly based on a weaker greenback which faces moderate demand compared to the majors. The players are becoming focused on the Brexit now, with the risks affecting the currency non-stop.

Large CME funds doubt bitcoin rise - COT
03 September, 2018 16:05

Large CME funds doubt bitcoin rise - COT

The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday. Non-commercial traders raised net short position on bitcoin contracts 170 to 440. Large speculators have been expanding net positions for the second week in a row after a 3-week decline. The net position has peaked since the end of July.

Weekly analysis for GBP-USD – COT
03 September, 2018 10:48

Weekly analysis for GBP-USD – COT

The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday. Non-commercial traders raised net short position on GBP/USD contracts 4,000 to 74,200. Large speculators have been expanding net positions for the sixth week in a row. Net short positions have peaked since last May.

Euro keeps sliding at week-end
31 August, 2018 16:38

Euro keeps sliding at week-end

The euro-to-US dollar exchange has remained weak at the end of the week with the decline only gathering pace. Specifically, the rate was recorded at some $1.1636. The euro-area reports failed to bring optimism. According to the released figures, the preliminary inflation in August was 2.0% y-o-y, while the outlook was voiced at 2.1% y-o-y.

Sterling sales on rise can make sense now
30 August, 2018 17:19

Sterling sales on rise can make sense now

Following the Wednesday's hikes to monthly highs and new peaks of 1.3043 posted at the start of the European trading, the sterling has generally got steady. However, the currency shows some decline with strong attempts to take roots near the 1.30 handle. In case of the break of this level bulls will be able to move further to 1.3070, which may be a barrier before 1.31. 

Australian dollar depressed on Thursday
30 August, 2018 16:30

Australian dollar depressed on Thursday

Australian dollar stays depressed vs the US dollar in the second half of the week, though all active sales were recorded at morning trading. The rate stands now at some 0.7281. The number of construction licenses collapsed in Australian in July, following quite positive figures a month before. Specifically, the level dropped 5.2% m-o-m, against the upturn of 6.8% m-o-m observed earlier.