Weekly FX Analysis

August 22, 2015

Weekly Analysis: Last week the pair climbed for over 200 pips, approaching the place where the Brexit move started. A major role was played by the dovish stance of the Fed as revealed by the FOMC Minutes. 

August 15, 2015

Weekly Analysis: The pair climbed last week and nullified the drop seen a week before. The fundamental scene was quiet until Friday, which was the busiest day of the week but was filled with disappointing U.S. data.

August 8, 2015

Weekly Analysis: The first part of last week was bullish but later on, the US Dollar made a spectacular comeback on the back of better than expected U.S. economic data so the week ended with the bears in control.

August 1, 2015

Weekly Analysis: Last week the pair picked up speed and the bulls managed to break resistance. The Fed maintained the rate unchanged and did not clearly hint towards the next hike; this drove some investors away from the US Dollar and allowed the pair to climb.

July 18, 2015

Weekly Analysis: The pair had a pretty indecisive run last week, climbing into resistance and then erasing all gains, dropping to the levels seen in the beginning of the week. 

July 11, 2015

Weekly Analysis: Last week belonged to the bears again as we witnessed the end of the bullish retracement followed by a move below support. The previous low was not broken and the U.S. NFP triggered irregular movement although the value was better than anticipated.