Since the UK General Election on 7th May, there has been widespread strength for the Pound, taking out key resistance levels against a number of other major currencies, including the US Dollar, Japanese Yen and New Zealand Dollar. The question is, might this be the start of a significant further rise for Sterling, or is it just a short-term adjustment which may not be sustained?
Up until only a few weeks ago, Sterling was one of the top performing G10 currencies and this…Continue
At the start of the year, USD, NZD, & GBP were my top three ranked currencies, with CHF, CAD & EUR neutral and NOK, SEK, JPY & AUD classified bearish. Each week since then I have reviewed these rankings and there have been a number of currencies which have moved up or down the order during this time. Some weeks there have been no changes at all, which is to be expected given that these are medium-term rankings.
Just because the outlook is for around 3-6…Continue
Over recent weeks there has been a notable pick-up in volatility for a number of major Currencies, including reversals for the US Dollar & Euro following their prolonged advance & decline. The question is, has corrective weakness for the US Dollar & corrective strength for the Euro yet run its course, or will there will further retraces of the previous multi-month US Dollar advance & Euro fall? And what now for the multi-month outlook?
Each week I assess…Continue
EUR/GBP has really fallen away over recent months, taking out the 120 month (10 year) moving average, key lows established in 2008 & 2012 at .7695 & .7758 and the 15 year …Continue