Forex Consulting

Is the dollar finally making a comeback today?

A slight wave of dollar strength is creeping in as early European trading begins Sterling is losing ground a little, now under 1.3600 against the dollar. Meanwhile, other currencies have also fallen against the USD. EUR/USD hit as low as 1.2042 while USD/CHF is at session highs of 0.9727. Copyright 2015 Forexlive.com

Forex Consulting

Cable inches closer to 2017 highs

GBP/USD is at session highs of 1.3613, moving towards the 2017 high of 1.3657 The lack of Brexit news seems to be a welcome note for traders as we start the year. I pointed out yesterday that a move higher can’t be ruled, as the momentum for the pair over the last week has been…

Forex Consulting

IMF sees a return to inflation in 2018

IMF’s latest estimates indicate that we won’t have a repeat of 2017’s “stagflation” The IMF released a growth estimate measure showing that advanced economies’ output gap will turn positive in 2018 – after nearly a decade of negative output gap estimates. Copyright 2015 Forexlive.com

Forex Consulting

NZD/USD stalling at key levels; tug of war ensues

The pair is hovering near the 0.7100 level awaiting the next move I highlighted here yesterday that the 50.0 retracement level and the 200-day MA level (both now at 0.7107) will be the area that takes centre stage for the pair – if it were to try and break to the upside. US trading failed…