Monthly: Since posting large net losses in September 2017 (-395 pips), the cross has moved sideways. We can note spikes for the last 10 months highlighting indecision. The RSI (Relative Strength Index) is close to 50 (mid-point) highlighting we are non-trending. A large wedge formation offers a long-term bearish bias. [shortcode-variables...

2018-08-09 Ian Coleman Read more
uk

The Bank of England (BoE) held its monetary policy meeting last week on Thursday. As widely expected, the central bank raised the key lending rate by 25 basis points to 0.75%. This was the second interest rate hike since November 2017. [shortcode-variables slug="learn-forex-basics"] However, the central bank signaled that it was not in a h...

2018-08-07 John Benjamin Read more
Euro and sterling

The common currency is probably heading into posting a second yearly gain against the British pound. Having rallied close to 2009 highs, the euro is seen taking a breather. The euro, which fell to 2007 levels of 0.70 just a year ago has transformed into a strong rally. The gains in the common currency came despite the eurozone facing the immigr...

2017-09-08 John Benjamin Read more