by simplymacrostrategy | Apr 25, 2018 | Uncategorized
United States Dollar (USD) All the drama in the US on Tuesday came in the equity market rather than in foreign exchange. We wrote here 24 hours ago that, “If equities take a sudden lurch lower, then the rally in bonds and the USD might well run into some resistance.”...
by simplymacrostrategy | Apr 25, 2018 | Uncategorized
British Pound (GBP) The Pound rose steadily on Tuesday against all the major currencies we follow closely here and finished top of our one-day performance table. GBP/USD opened around 1.3940 and after an initially steady start, it began to move higher in the European...
by simplymacrostrategy | Apr 24, 2018 | Uncategorized
United States Dollar (USD) The US Dollar was all-conquering on Monday, driven by a potent cocktail of higher bond yields, worries over inflation and near-record short positions in the currency. Its index against a basket of major currencies rose for a fifth...
by simplymacrostrategy | Apr 24, 2018 | Uncategorized
British Pound (GBP) Looking just at the GBP/USD exchange rate, it would seem the British Pound had a terrible day on Monday. In fact, it finished in second place on our one-day performance table, rising against every currency except the buoyant US Dollar. Having...
by simplymacrostrategy | Apr 23, 2018 | Uncategorized
Australian Dollar (AUD) Both Antipodean currencies were hit hard on Monday and finished equal bottom of our one-day performance table. After the big technical signal we highlighted here on Friday morning (a ‘key reversal day’ with a higher high, lower low and lower...
