Currency

The key focus will be on a number of US data releases this afternoon. The most important release will be the PCE Inflation Indicator, as this is the main gauge of inflation that the Federal Reserve focuses’ on. It is expected that inflation will remain flat, at 1.7%, but there is some potential for upward […]

This week trading sessions have showed quite a lack of action, increasing the feeling of a pre-Christmas slowdown. Yesterday, Sterling remained fairly weak against most other currencies and has kicked off this morning with a general downtrend. In terms of the rest of the day’s currency market moves, the dollar managed to retain its firmer […]

Theresa May has suggested that the UK could continue to pay its way into the EU budget once Brexit has been officially completed, as long as she feels that the country is getting ‘value for money’. It was not overly clear whether these payments would cover access to the single market, or whether this was […]

Markets were relatively mixed on Friday following the volatility seen on Thursday after the FOMC announcement. As a result, the pound fell on the USD as the Bank of England’s response to the Fed’s rate hikes was to sit on their hands and leave interest rates of their own untouched for the foreseeable future. The […]

The USD/CHF went seriously upwards last week, testing the resistance level at 1.0300 before retracing a little. The outlook on the market remains bullish for the week, as USD is supposed to continue gathering stamina. The targets for this week are located at the resistance levels of 1.0300, 1.0305 and 1.0400. EUR/USD: The pair went […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD trended downwards last week, just as it was expected. Price moved sideways from Monday till Wednesday, when it started dropping further downwards. The support line at 1.0400 was tested, and although price closed above it, it would be tested again. The outlook on […]

“It’s Monday morning. You are warm and toasty in your bed, hearing the world around you wake up. You allow yourself a little sleep in, and then pull open the curtains. Your swimming pool is shimmering in the sun light, and your outdoor lounge beckons. After a satisfying breakfast, the markets open, and you casually […]

Paysafe Group stock (LSE:PAYS) looks like another dead-cat-bounce scenario. Price moved sideways in June and July, rose gradually in August and September, came down gradually in October and November, and then crashed this month. Following the crash is an upwards bounce in the market… But it has not overridden the current bearish outlook. Price is […]

Yesterday the main focus was on the Bank of England’s policy meeting and US inflation data. They were both non-events, as the BoE kept policy measures unchanged, although the statement that followed focused on the recent appreciation in Sterling, as it is expected to limit the inflationary pressure relative to the target in the medium […]

In keeping with market expectation, the US Federal Reserve has increased interest rates by 0.25% buoying up the Greenback. Fed Chair Janet Yellen has finally shown some optimism on the US economy by signalling that the Federal Reserve will increase rates 3 times next year and that the US economy does not need to rely […]