GBPUSD's long march higher since February 2020 still looks intact, with a staggering climb of 2800 pips. However, we have been hovering around 1.38-1.42 for most of this year. I would expect that at some point, the march up continues as the UK ...

Cable Update (GBPUSD)

EURUSD has had a good run upwards since April, but it's starting to look like it's out of momentum. I would be wary of taking trades on EURUSD until some pattern becomes more apparent. However, I would take a long trades if it pulls back to 1.1950 ...

EURUSD only

GBPUSD has tentatively risen this week from a low of 1.376, which I think is a consolidation pattern after the steep rise since September. Logic would say at some point the climb may resume. In the meantime, I still favour longs, with the trend, and ...

Cable Update (GBPUSD)

EURUSD is up 280 pips this month and doesn't seem to be stopping. I wouldn't be surprised to see a new high today or Monday then some retrace/consolidation. Continuous straight line moves don't last forever, and EURUSD will run out of breath at some ...

EURUSD only

GBPUSD has been in an uptrend since March 2020. Currently, we seem to be in a consolidation pattern for the past six weeks or so. I would expect the uptrend to continue at some point soon, as Covid's impact is held back by the UK's very successful ...

Cable Update (GBPUSD)

Here are my thoughts from a fundamental perceptive EU, in a downtrend on the Daily, but approaching weekly support. Continues political failure within the EU to handle the Covid crisis, and internal divergence over how to coordinate an effective ...

EURUSD only

I see your point but on the flip side that if you are a consistently successful trader then the same principle would work in reverse. I'd be happy to see the UK go back to 1:100 leverage for retail clients now that they are no longer under ESMA ...

IC Markets (AU) ceases serving global clients

Yes but in the next few weeks, it will go well beyond 1.39 longer-term objective. Uk economy is opening up again with half the population vaccinated...

Cable Update (GBPUSD)

Check out the daily chart it's clearly in a consolidation pattern on a daily, I reckon we could be looking at 1.41 within a few weeks! I'm staying long for the long term.

Cable Update (GBPUSD)

I'm all for consumer protection but when your on the successful side of the forex market this really is a kick in the guts (to quote someone earlier). To go Pro with a UK broker, you have to sign a TTCA (Transfer of collateral agreement) which gives ...

Leverage changes to 30:1 for major pairs