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Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

The pound see-sawed in today’s European session as the British currency saw volatility both before and after the Supreme Court’s ruling on the triggering of Article 50. The US dollar recovered from earlier lows, while the Canadian dollar surged after ...

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Historical Patterns Suggest Support In USD/JPY

Historical Patterns Suggest Support In USD/JPY

Trump Rally Takes A Break The two-month “Trump Rally” saw the US Dollar soaring against the Japanese Yen, helped along also by the BOJ’s “yield-curve control” approach which has kept JGB yields subdued amidst rising global yields. A lot of ...

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British Pound surges above $1.23 on May Brexit speech

British Pound surges above $1.23 on May Brexit speech

British Prime Minister Theresa May delivered her much-awaited speech on Brexit today. PM May didn’t give much details on the specifics of the Brexit process but she outlined the broader framework for Britain’s departure from the EU. May stated that ...

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Canadian dollar: Best Performer Against US Dollar

Canadian dollar: Best Performer Against US Dollar

Since the election of Donald Trump, the Canadian Dollar is the only of the major currencies to be up against the US Dollar. Firmer Oil prices were responsible for driving CAD eleven cents higher against the Dollar, though eight cents ...

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Theresa May & Brexit Plan: Bearish Outlook For GBP/USD

Theresa May & Brexit Plan: Bearish Outlook For GBP/USD

The first day of the week came in with lack of fundamentals and liquidity, while volatility picked up on the rising fears of Brexit. However, rising volatility is what we all need to jump in to new opportunities. In today’s ...

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US Dollar Index: How Long The Retracement May Last ?

US Dollar Index: How Long The Retracement May Last ?

For the past few weeks, the US Dollar Index failed to break above 103.0 resistance area for more than three weeks, leading to a short-term correction to the downside, which seems to perfectly technical for the time being. However, the ...

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Sterling drops on reports May will opt for ‘hard’ Brexit

Sterling drops on reports May will opt for ‘hard’ Brexit

The pound fell sharply during Monday’s Asian trading as the market waited nervously for a key speech by British Prime Minister Theresa May on Brexit later this week.  According to press reports, the UK would aim to abandon the EU’s ...

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Forex Week Ahead: China GDP, ECB meeting and May’s Brexit speech

Forex Week Ahead: China GDP, ECB meeting and May’s Brexit speech

The coming week will be a busier one for financial markets as key data releases and central bank meetings get underway. GDP figures out of China and the European Central Bank’s policy meeting will be the highlights but the biggest ...

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Dollar extends employment report gains while pound drops on ‘hard Brexit’

Dollar extends employment report gains while pound drops on ‘hard Brexit’

The US dollar managed to maintain Friday’s gains or even extend them against certain currencies during Monday’s Asian trading. Particularly against the Japanese yen the dollar climbed to around 117.50, while against the euro it traded at 1.0531. The dollar ...

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