Investor activity during the American session was low. Due to the lack of catalysers for movement, the EURUSD dropped to 1.1072 and then restored to 1.1088 by trade opening in Asia. The euro spent the day in a 33 point corridor range. Market ...

The euro/dollar on Friday closed down. The USD strengthened on strong US labour market data. The amplitude of the price fluctuations was a full figure because of the news. Job creation outside the agricultural sector in July increased 255k against a ...

Between 20th and 22nd June the currencies of developing countries continued to rise against the dollar. However, the rapid growth of last week has slowed. The clear leader for the period indicated above was the Brazilian real (+2.33%). The Mexican ...

On Friday we had a disappointing labour market report from the US. Job creation in the non-farming sector of the country increased in May by just 38k, whilst it was expected to rise by 160k. April’s numbers were revised downwards from 160k to 123k ...

On Thursday the outcome of the ECB convening were three rates left at their former levels. The key refinancing rate remained at 0.00%, the rate for deposits was left at 0.40% and the ECB credit rate was left at 0.25%. Their asset purchasing program ...

The euro/dollar on Friday closed down. The ECB’s head economist Peter Praet hinted at a possible extension of their current monetary stance. The euro found a support at 1.1255. From here the rate restored to 1.1306. US stats helped it to restore to ...

The first half of January ended up not so good for commodity currency currencies. The USD dropped against the JPY and EUR and strengthened significantly against the AUD and NZD. Falling oil prices and the Chinese stock market crash had a negative ...

A slowing in Chinese economic growth, a devaluation of the yuan, the constant increases in oil reserves and OPEC’s refusal to drop their extraction quota have caused oil prices to collapse once again. Since May the oil market has switched into a ...

Yesterday the GBP fell throughout the market and forced the euro bulls to drop to 1.0819. The UK industrial manufacturing index fell to a three year low. Other key currencies followed the pound downwards. After trading closed in Europe, the ...

The last idea I made on the Aussie came out on 23rd November. When it was published, the Australian stood at 0.7236 against the Yankee. In the idea I recommended taking a wait and see stance for two days so as to check whether there really would be ...

The forecasted target was reached on the European session. The forecast didn’t coincide with the actual price movement along the wave structure. The pound/dollar dropped to 1.4993. Due to a fall in the euro/pound, the pound/dollar rebounded from a ...

My expectations for the pound came off in full. The GBP/USD rose to 1.5335 at the US session. From a 1.5335 maximum, the pound rebounded to 45 degrees. For us to see a continuation of this strengthening against the dollar, we need to see it rebound ...

The calendar was empty on Tuesday, so the euro/dollar headed unhindered to the 90th degree. My yesterday’s expectations were fulfilled in full, but the daily closed with a hammer after there was a bounce from 1.0673. Main news of the day: 11:30 EET, ...