Forex Analysis
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EUR/USD Review – October 7

The EUR/USD currency pair unexpectedly rose on Tuesday. Of course, nothing lasts forever, but over the past month traders have probably grown unaccustomed to prices moving anything other than down. The fact remains: the US dollar weakened on Tuesday — one of the rare instances over the last month.
by Jay
Forex Analysis
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GBP/USD Review – October 6

The GBP/USD currency pair also traded downward on Monday. Yes, the pound lost less than the euro and hasn't fallen as much over the past week. But look at the GBP/USD chart — how many differences do you see compared with EUR/USD?
by Jay
Forex Analysis
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GBP/USD Review – October 5

The GBP/USD currency pair rose slightly more than EUR/USD on Friday — about 40 pips. Traders can draw the obvious conclusion themselves about how logical such a move was on the last trading day of the week. In recent weeks we have often talked about global factors while largely ignoring local events and reports.
by Jay
Forex Analysis
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EUR/USD Review – October 5

The EUR/USD currency pair rose about 10 pips on Friday, no more. And this happened on a day when the US released important and absolutely poor Nonfarm Payrolls and unemployment reports. Does anyone need more proof that the current rise of the dollar has no fundamental, macroeconomic, or geopolitical basis?
by Jay