Weekly

Weekly Report Monday 20th July 2015 Last trading week was defined by the following themes What Grexit? Greece and its creditors reach a deal on Monday and has subsequently been approved by the Greek and other EU parliaments, importantly Germany The crisis is diverted for now and risk appetite is… read more

General Commentary The EUR/USD dipped by 2 points to trade at 1.2846 as traders continue to worry about the disappointing PMI releases yesterday. German Ifo business confidence survey results for September were released. After the data, the Euro fell against its major rivals. Federal Reserve Chair Janet Yellen says she… read more

General Commentary The EUR/USDis trading at 1.2933without much volume as traders are unsure what to expect next week from the FOMC. There has been no significant data outside of CPI for German and France. Traders are also concerned about the stimulus package offered by the ECB and are waiting for… read more

General Commentary AUD/USD plumbed a 6mth low of 0.9043 during the European am after extending south from 0.9109 (Asia high). The AUD has been hit hard by the unwinding of carry trades this week. Bids are tipped pre-0.9000 (option barrier level). EUR/USD A tight 1.2914 to 1.2933 range played out… read more

General Commentary The EUR/USD gapped lower from the start, setting a bearish tone for the week. The move was triggered by comments from European Central Bank President Mario Draghi at Jackson Hole on August 22. In his comments, Draghi mentioned the ECB was considering additional forms of stimulus, including quantitative… read more

General Commentary Last Week’s Currency Trading Review: Support continued to erode for the EUR/USD last week. The strong U.S. economy was the catalyst behind much of the move. The Forex pair faces similar action this week because of comments from ECB President Maria Draghi who said inflation expectations have deteriorated… read more

General Commentary Last Week’s Currency Trading Review: The EUR/USD edged up on Friday to trade at 1.3410 as markets went a bit haywire. The euro was weak most of the previous week. The ECB decision on Thursday was as expected but Draghi’s comments were rather dovish and said the Eurozone… read more

General Commentary Last Week’s Currency Trading Review: The EUR/USD weakened and fell below the 1.34 level for a short time but closed at 1.3425 after a lackluster release of jobs data in the US. But eurozone and individual country PMI data missed expectations weighing on the euro. The dollar dropped… read more

General Commentary Last Week’s Currency Trading Review: The EUR/USDfell to its lowest at 1.3434 as the US dollar gained momentum and global tensions weighed on the shared currency. The euro hit a high early in the week of 1.3549. data on Thursday showing that U.S. weekly jobless claims hit their… read more

General Commentary Last Week’s Currency Trading Review: The EUR/USDclosed at 1.3512 on worried about banking in Portugal and the overall economic recovery of the eurozone. Geopolitical events are overshadowing a light economic calendar ahead of the weekend. The shooting down of the Malaysian plane over Ukraine and the Israel’s launch… read more