by simplymacrostrategy | Apr 16, 2018 | Uncategorized
British Pound (GBP) The British Pound opens after a very good week, which would have been even better if it had ended at lunchtime on Friday. GBP/USD began last Monday around 1.4085 and by Friday morning had added just over two cents to a 10-week high of 1.4290. It...
by simplymacrostrategy | Apr 15, 2018 | Uncategorized
Australian Dollar (AUD) The Australian Dollar had a pretty good week which would have been even better if it had finished at lunchtime in Europe on Friday. AUD/USD began on Monday morning around 0.7675 but early selling pressure took the pair down to what proved to be...
by simplymacrostrategy | Apr 13, 2018 | Uncategorized
United States Dollar (USD) We noted here yesterday that for the S&P 500 Index, there had already been 27 1% moves in the first 67 trading days of 2018. After Thursday’s price action, it’s now 28 from 68 as the index had another 30-point high-low trading range. It...
by simplymacrostrategy | Apr 13, 2018 | Uncategorized
British Pound (GBP) The British Pound had a pretty mixed morning on Thursday but as the euro came under heavy selling pressure in the afternoon, GBP/EUR broke out of its 2018 range from roughly 1.1200-1.1475 and moved on to a 1.15 ‘big figure’ for the first time since...
by simplymacrostrategy | Apr 12, 2018 | Uncategorized
Australian Dollar (AUD) Thursday was another day of very tight ranges for the AUD/USD pair, though the feeling persists that with a near 400-point rally in the DJIA, it really should have done somewhat better. Having opened around 0.7755, only 25 pips separated the...
by simplymacrostrategy | Apr 12, 2018 | Uncategorized
United States Dollar (USD) The most surprising thing about US equity markets today is that as we write this commentary, both the S+P 500 Index and Dow Jones Industrial Average are pretty much unchanged, stuck in very narrow ranges over the past 12 hours. Whereas for...
