EUR/GBP Steadies, Does Not Avoid New Low
The week started with losses for the pair, which consolidates today, but could not avert new nearly two-year lows
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The week started with losses for the pair, which consolidates today, but could not avert new nearly two-year lows
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The USDJPY weekly chart has had five weeks of gains since its November low (aqua ellipse). One of the reasons for this is that the JPY is considered a haven. The fact that it has been depreciating against the USD indicates a risk-on sentiment. Given this, it is no surprise that equity markets had a strong December. However, we note that the currency pair's RSI has moved into an overbought…
King Dollar dominated the first trading of the year and the pair remains soft after yesterday’s drop
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The pair started the new year on the defensive, following two solid weeks, but finds support at the start of the European session
The pair finished December and the full 2021 with profits and makes an upbeat start to the new year, extending the four-week profitable streak
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
Gold (chart A) has effectively moved sideways on an absolute basis since July 2020 (area between blue verticals). Of interest, this has tracked a similar trajectory for FXCM's USDOLLAR basket (Chart B). As such, and with no surprise, the relative strength ratio (Chart C) between the two reflects neutrality in performance (USDOLLAR has slightly outperformed XAUUSD, as per the positively sloped red dashed line in chart C). The green dashed…
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
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