Mike Paterson’s Daily Forex Brief

Yesterday I suggested that the Pound was due for another potential slap after GBPUSD had failed to hold above 1.5800 and so it’s proved after a brief respite from its recent fall. (more…)

Mike Paterson’s Daily Forex Brief

I normally refer to the last day of the week as Frantic Friday and the last one didn’t let us down with some highly volatile trading and the Euro continuing to fall. (more…)

Mike Paterson’s Daily Forex Brief

Yesterday the BOE and ECB left interest rates and QE on hold as expected, but in the ECB press conference Draghi appeared not to rule out further monetary easing and traders took their cue to unload a few Euros. (more…)

Mike Paterson’s Daily Forex Brief

It’s been a quiet 24 hours as markets await today’s latest decisions on interest rates and QE from the BOE and ECB, but we can expect it all to kick off again soon enough. (more…)

Mike Paterson’s Daily Forex Brief

The last 24 hours has seen another volatile day echoing the trend of recent weeks with the Euro consolidating gains and pressure mounting further on the Pound, Yen and Aussie dollar. (more…)

Mike Paterson’s Daily Forex Brief

Yesterday saw a further retracement in the Euro continuing into Asia, but since then we’ve seen a decent recovery across the board. (more…)

Mike Paterson’s Daily Forex Brief

Chaos and mayhem ensued after Friday’s US jobs data despite the figures coming in close to expectation and we saw a blistering session which had traders chasing their tails as the Euro first dipped then rose to new highs, and the Pound just, well, dipped. (more…)

Mike Paterson’s Daily Forex Brief

After the consolidation comes the continuation of the trend, as is invariably the way, and we’ve now seen the Euro make further gains with the Yen under pressure once more. (more…)

Mike Paterson’s Daily Forex Brief

Last night the US Fed left interest rates on hold but the accompanying statement from the FOMC left little for traders to trade off.

The essence of it was that the Fed are likely to stay in easing mode for a good while yet and this should continue to be generally bearish for the greenback. (more…)

Mike Paterson’s Daily Forex Brief

After a lively day within contained ranges we’ve now seen a flurry of activity in Asia and early European trading ahead of US Q4 GDP and interest rate decision from the FOMC later today. (more…)

Mike Paterson’s Daily Forex Brief

It’s been Euro strength all the way in January and there seems no end to that just yet as month-end approaches.

True, EURUSD has still to break up through key resistance at 1.3500 and 1.3550 but the dips are consistently bought helped along by the continuing weakness in the Pound, Yen and Swiss Franc. (more…)

Mike Paterson’s Daily Forex Brief

We’ve seen further weakening of the Pound after the dismal first reading of the Q4 GDP data on Friday and, as per printed programme, traders have duly sold GBP across the board once again. (more…)