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
Forex Analysis
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GBP/USD Review – October 2

The GBP/USD currency pair also fell significantly on Thursday amid current volatility, but overall it has gone several days without making new local lows. One could say the pound is demonstrating greater resilience than the euro.
by Jay
Forex Analysis
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EUR/USD Review – October 2

The EUR/USD currency pair showed a more familiar movement on Thursday, whereas a day earlier we thought something extraordinary had happened when the European currency gained several dozen pips. Of course, that is sarcasm.
by Jay
Forex Analysis
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GBP/USD Review – October 1

The GBP/USD currency pair unexpectedly rose with confidence on Wednesday for many. For the first time in several weeks, the market saw factors supporting the British pound rather than the dollar. The British currency's ascent began in the morning, when the UK's second-quarter GDP report came in higher than expected.
by Jay