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The U.S. dollar has become more fragile following the global market turmoil. Until recently, the greenback was considered a safe haven currency but the roles have reversed. Since the Federal Reserve...
The euro advanced as it plays an important role as a funding currency at times of market turmoil. Before rallying above 1.12 the common currency was able to gain ground above 1.1085. For the time...
What a day for the USD! The U.S. dollar depreciated sharply against all of the major currencies as signs of a slowing U.S. economy pushed the 2016 rate-hike likelihood lower. Despite a stronger-than...
The euro and British pound traded higher against the greenback Monday. The best performing currency pair was the cable, which experienced a short squeeze and broke through all recent...
We welcome you to the trading month of February. We look back on a successful first trading month of the year and given investors' increased risk appetite we expect the currency market to remain...
In the end the market reactions to the FOMC statement was muted and has left much do be desired for currency traders. While the statement was a communications challenge for the Federal Reserve it came...
Instead of showing a sustained break below the 1.42-mark the British pound bounced off the 1.4170 level and surged to a high of 1.4366. While there could be some upside room before GBP approaches...
The biggest story Friday was the sharp rise in the GBP/USD. After hitting a fresh five-year low at 1.4079 on Thursday, the currency pair rallied towards 1.4365 despite Friday's weaker-than expected...
There was not much consistency in the performance of the euro and British pound Wednesday. The cable traded sideways ranging between 1.4220 and 1.4125 and caused rather fake-outs than profitable...
The pound sterling dropped like a stone, breaking easily through $1.4230 after Bank of England governor Mark Carney said that "now is not yet the time to raise interest rates". He highlighted global...
The performance of the British pound was hampered by a short-lived upside correction, which was more limited than we had previously expected. While we anticipated the short pullback to last until at...
We welcome you to a new trading week, which promises to be very interesting concerning events as the highly anticipated European Central Bank monetary policy meeting on Thursday and several important...
Today will be an important day for the British pound and sterling traders seem to be waiting in their starting blocks. The Bank of England will announce its policy decision and release the minutes of...
The biggest story was the British pound, which fell sharply against the U.S. dollar after data showed U.K. industrial production unexpectedly contracted in November. The weak report highlight the...
Yesterday's trading was dominated by a counter-movement in both major currency pairs. The euro trended downwards, moving away from its resistance at 1.0940, but the slide came to a halt at nearly...
The euro continued its relief rally against the U.S. dollar and tested the resistance zone between 1.0925 and 1.0950. As long as there is no significant break above 1.10 and further 1.1050, the latest...
The FOMC minutes have revealed nothing fundamentally new. On the contrary, the overall picture of the minutes appeared somewhat dovish as the decision to raise interest rates was a "close call" among...