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FX Update – Ahead of NFP, USD finds a bid

By: Stuart Cowell The narrow trade-weighted USDIndex (DXY) posted a two-day high at 93.16, extending the rebound from the 27-month low seen yesterday at 92.53. EURUSD concurrently retreated to a 1.1819 low,...

FX Update – August 6 – USD to new lows

By: Stuart Cowell The USD index edged out a fresh 27-month low at 92.50, continuing what is a fourth consecutive week of decline and a fourth straight...

BTC In contrast to last year!

Tightening the footrest for the next step By: Ahura Chalki BTC started step by step uptrend, after its free fall in February and March when it...

FX Update – August 4 – USD slips

By: Stuart Cowell The Dollar has been ebbing moderately lower into the London interbank open, though has largely remained above lows seen on Monday. The USD index (DXY)...

Sterling Storms On

GBPUSD, H1 By: Stuart Cowell Cable has pinned a new five-month peak at 1.3145. The pair is now firmly back in pre-lockdown territory. The UK currency still...

FX Update – July 31 – Dollar Down Again

  USD index, Monthly By: Stuart Cowell The Dollar continued lower in what is now the biggest monthly decline the US currency has seen in...

US Durable Goods Shine – USD Wallows at Lows

EURUSD, H1 By: Stuart Cowell US Durable Goods Orders rose 7.3% in June after a 15.1% (was 15.7%) bounce in May (second highest on...

FX Update – July 27 – USD tracks lower, again

  By: Stuart Cowell The Dollar continues to drop, printing fresh trend highs against the Euro and other currencies. The narrow trade-weighted USDIndex (DXY) fell...

Cryptocurrencies rise collectively

  By: Larince Zhang The key cryptocurrency pairs collectively opened higher and then strengthened to start the new week. Bitcoin (BTCUSD) broke the 10,000 mark four...

FX Update – July 24 – USD remains heavy

USDJPY, H1 By: Stuart Cowell The Yen has outperformed today as risk aversion took a firm grip on global markets. The Dollar has so far...