Forex Investment and Currency Trading

As of London open, with recent USD bearishness, the relatively affordable levels of GBP vols combined with spot approaching 2.0000 presents an opportunity to seek topside gains in GBP if spot breaks through this psychological level.
Current 200-day MA comes in around 1.9961, a close above this level should signal increased bullishness on GBPUSD. Currently GBP [...]

[Read more →]

Although G8 might have disappointed USD bulls with the lack of commentary on currencies, recent USD-bullish rhetoric from Paulson and Bernanke look set to deter the bears from pushing the USD further. On the Japanese front, while Japan’s trade and current account surpluses are likely to narrow temporarily in the near term, the risk appetite [...]

[Read more →]

Economic uncertainty in the Euro bloc has led to a weaker perception of the EUR in the current market. At the same time, the stable equity markets have led to a positive environment for carry currencies, with the AUD dollar leading the views. The fundamental view has projected lower EURAUD rates going forward.
EURAUD forecast for [...]

[Read more →]