by simplymacrostrategy | Feb 7, 2018 | Uncategorized
British Pound (GBP) Having broken down through USD1.40 on Friday evening, the Pound’s fall accelerated in Europe on Tuesday, reaching the mid 1.38’s during the London afternoon immediately prior to the opening of the US stock market. After a very sharp initial...
by simplymacrostrategy | Feb 6, 2018 | Uncategorized
Australian Dollar (AUD) As the trading ranges in equity markets progressively narrowed through the Northern Hemisphere day, so too the non-USD currencies then stabilized and even found a bit of support. The low for AUD/USD in Sydney yesterday was around 0.7837 but the...
by simplymacrostrategy | Feb 6, 2018 | Uncategorized
United States Dollar (USD) After Friday’s 666-point drop for the Dow Jones Industrial Average, Monday was a day of utter carnage in the US equity market. An initial 300-point decline in the DJIA was almost fully reversed by lunchtime but in the last few hours of...
by simplymacrostrategy | Feb 6, 2018 | Uncategorized
British Pound (GBP) The pound had a bad day on Monday as the combination of domestic political uncertainty, the resumption of formal Brexit negotiations and poor incoming economic data finally took its toll. By early afternoon it was down below USD1.4000 and though it...
by simplymacrostrategy | Feb 5, 2018 | Uncategorized
Australian Dollar (AUD) The Aussie Dollar had a much better day than many people had feared on Monday, rising against all the major currencies we track closely here apart from the resurgent US Dollar. AUD/USD hit a best level of 0.7950 before then losing half a cent...
by simplymacrostrategy | Feb 5, 2018 | Uncategorized
United States Dollar (USD) What a dramatic week that was for the US Dollar. It opened last Monday with its index against a basket of major currencies at 88.75, hit a best level of 89.25, but by Thursday evening was down at just 88.27; only a tiny fraction above its...
