As I draft this technical analysis, on the evening of Tuesday 30 June, the foreign exchange market hasn’t exactly been optimistic that the UK will request an extension of the Brexit transition period before 1 July. British Prime Minister Boris Johnson and the European Union (EU) have been on a colli...
Volatility remains low with the summer in swing
When it comes to market volatility, summer is often synonymous with a certain degree of calm. If we look at the main currency pairs over the last five sessions, we notice that the fluctuation range has remained very low. Around 100 points for the euro versus the US dollar (EUR/USD), to be precise, w...
July 2020 - Monthly Economic Outlook
Gain an overview of the latest developments on the currency market and anticipate fluctuation risks.
Despite bearish indicators, the currency market remains defiant
The contrast couldn’t be more striking. Though negative indicators on both the economic and public health fronts continue to pile up, the currency market is experiencing limited volatility, with the euro even showing a slight increase against its main rivals last week (up 20% against the US dollar, ...
EUR/USD chart offers some insight
People are always looking for insight on what’s going on in the world. Investors spell out the economic news with a view to establishing a connection with price rises in the stock exchanges. Currency traders also present their own arguments, either for or against, in order to justify their predictio...
Losing streak for the euro
The euro has experienced some ill fortune as of late, losing ground to its main rivals last week, with the notable exception of the pound sterling. The single currency’s fall reflects the return of risk aversion on the foreign exchange market resulting from a combination of health crisis woes, geopo...
