Commentary

After posting a higher low in March and then trading through key moving averages in both spot and RSI, our bias for GBPSEK, as shown in the Trend  Table, turned to bullish.Last week's solid move confirmed that new trend and demand has accelerated this week with the general improvement in investor sentiment towards sterling. Importantly though this... read more

After seeing a solid and steady decline throughout 2016, and the first quarter of this year, more than 31% high to low, USDZAR sentiment has changed. Last month's aggressive bounce from the lows extended during the first week of April.A 2nd up week in a row was posted and, more importantly, both spot prices and the... read more

RMB Globalization, Once “Unstoppable,” Heads Into Reverseby Benn Steil and Emma Smith April 6, 2017 “The globalisation of the [Chinese RMB] seems remorseless and unstoppable,” the Economist pronounced in April 2014.  A year later, a research-grant foundation asked me (Benn) to review a proposal to investigate three scenarios for RMB globalization: more, much more, and way more. ... read more

The setback from January's all-time high in EURTRY has reached key levels, and the reaction to those levels is likely to confirm or change the medium term bias. A bullish trend was clear throughout the latter part of 2016 with the strength of the uptrend emphasised by a hugging of the upper band of the weekly... read more

3cAnalysis Performance figures for March 2017Below is a summary of the success of our daily calls for March 2017. These are broken down into an overview of percentage of directional success. Consistency remains the key over a period of time despite sharp swings in Fixed Income and Equities during March and February as market conditions encourage volatility.... read more