EUR/USD
The pair has been tightening itself into a coil which is likely to be released later in the day today when Draghi makes his speech at Jackson Hole. This is the event that the market has been waiting for since the beginning of the week and hence likely to bring in a lot of volatility. …Read More
GBP/USD
The pair has been moving on either side of 1.28 during the course of the last 2 days and this type of consolidation under pressure indicates that the pair is likely to move lower in the short and medium term. The pressure on the pound is likely to continue unabated due to the uncertainty around the Brexit process. …Read More
AUD/USD
The pair has been supported well so far by the strong commodity prices and due to the weakness in the dollar. With both of these fundamentals set to continue in the short and medium term, we expect the pair to be well bid during the period. …Read More
USD/JPY
The pair has been in a tight consolidation which mirrors what the stock markets have been doing since the beginning of the week. The markets await the speeches from Draghi and Yellen later in the day today which is likely to determine the short term direction for this pair. …Read More