Tag Archives: sterling

9 June: US stocks, dollar flat/mixed after Comey testimony. Cable dives on election exit poll. China CPI ahead

  Markets have mostly been remarkably steady, if somewhat choppy given the events that have shaped the session.  The main focus has been on James Comey’s testimony to Congress, where he called the President a liar, but it has had little effect so far on US stocks which have remained within their recent range and are closing more… Read More »

3 May: Forecast: FX: US$/Majors

  EURUSD: 1.0929 EurUsd has had another rangebound session, rising slowly from the lows to the highs, where it currently sits at 1.0925. Technically, further choppy trade appears likely but possibly with a slight upside bias, which may continue to underpin the Euro in the next couple of days although the FOMC statement will decide the direction from… Read More »

18 Apr: Forecast: FX: US$/Majors

  EURUSD: 1.0645 The Euro has traded within a tight 1.0602/1.0670 range, in thin conditions, on Monday, having been choppy and without too much direction over the Easter break. Technically, while the dailies remain very mildly negative, the short term momentum indicators are neutral and hint that we may be in for further choppy trade ahead, possibly largely… Read More »