Reviewing Last Week - BBFX

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Last week we posted three comments on specific moves in the currency markets, and one commentary regarding US Treasury Yields. Our posting from [...]


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  • EUR/USD 1 hour chart head and shoulders

    A text book head and shoulders formation has set up on the 1 hour chart in eur/usd. The neckline stands at 1.4110. A breakdown there would target 1.3850 zone. The move could happen on a dovish commentary from Trichet who might insist on strong euro being bad for the euro...

  • News of protester death in Iran spooks market

    Dealers are also saying that news of at least one protester death in Iran has reignited fears of a protracted conflict and this in turn is aiding risk aversion across all...

  • EUR/GBP bottoming out at .8730

    The market is deciding which way now for the pound after the European elections. It seems that indecision is the overriding sentiment and this is in turn bad for sterling; if in doubt, sell. EUR/GBP is up at .8775 after opening at .8745 and there is a bottom forming on the hourly chart at .8730. As...

  • Daily Market Wrap: March 6, 2012

    Stocks fell sharply on Tuesday in the single largest decline for 2012 due to data that rekindled concerns about global growth, while a...

  • AUD starting to feel tired

    The AUD has been the second strongest major currency in recent months behind the fast-recovering pound but I feel the run is coming to an end. My reasons for turning neutral from bullish are Price- quite simply the AUD is not cheap anymore as it was against the USD at .63 and the EUR at...