Will ECB Cut Rates? Survey Says No

Before I get into forex news I will start off with some development from yesterdays story. Yesterday saw electric car and battery manufacturer Tesla run out of power with no charge station in site. After tanking to its biggest one day fall in its history losing almost 34% after being snubbed by the by the […]

No Deal Brexit Causing Havoc

The AUD started the week off like a roller coaster, with sharp drop and steep climbs. But where to from here? With is current momentum to the upside we can expect the Aussie to sprint to 0.7300 but this coaster cart needs more wind at it’s back to go much further than that. Support at […]

Aussie, NFP and trade of the week update

The Aussie continues i’ts three day loosing streak falling below 0.7265. This stemming from a three day rally in the dollar index accompanied with NFP Data. NFP is once again expected to perform better than expected after a positive result in August. The US economy added 1.76M jobs in July, a better-than-expected figure, although the […]

EUR/USD Breaks the 1.20 Ceiling

The Euro rallies due to dollar weakness and breaks the psychological barrier of 1.20.  After the Federal Reserves dovish shift earlier this week, we have seen the dollar free-fall and other currencies rally. But none have rallied much like the most liquid pair, hitting level we haven’t seen since May 2018.   Although the sellers […]

The Bulls take the reins

The dollar weakens to to the Feds shift allowing for a rally in the EUR/USD. Currently hovering around 1.1933 it’s eyeing some resistance at 1.1965 with support seen at 1.1880.   But there is a busy week ahead. Non Farm Payroll week and with the Federal Reserve’s will wait and see how employment number and […]

Markets today-Dollar strengthens ahead of data. Others not so lucky

We are seeing a climb in the dollar ahead of the the Fed Powell’s speech. We have seen a drop in the Conference Board’s Consumer Confidence falling to 84.8 in August making for a sloth paced recovery. We are however seeing hopes for a Coronavirus vaccine grow momentum as Cambridge has been offered funding from […]

Dollar weakness pushes EUR/USD higher

As the greenback continues to discourage traders due to the US delivers weak data and the uncertainty surrounding its stimulus give little to no confidence in the Super Power. This toppled with the growing coronavirus infections and poor handling of the outbreaks. However the opposite is true with Europe seeming to have the outbreak under […]