Martin Essex, MSTA

Martin Essex, MSTA

Analyst and Editor

Financial markets, economics, fundamental and technical analysis.
Martin Essex, based in the Eurozone, has been writing about the economy and the financial markets for 40 years. He has worked as Senior International Economist at a London-based consultancy and has a degree in Mathematical Economics from the University of Essex. He is a Member of the Society of Technical Analysts and has written a book on the bond markets.



US Crude Oil Price Outlook Bullish After Break Above Resistance

The price of US crude oil has broken above trendline resistance, suggesting that further gains could be on the way.

GBP Well Placed to Climb Further After Strong UK Employment Report

A robust UK labour market report has given GBP a boost and its trend upwards against the other major currencies is likely to persist.

EUR Drops on Weak ZEW German Sentiment Report

The Euro fell back Tuesday after a survey by the ZEW research institute suggested that German investors have become much less confident.

GBP Well Placed For Further Gains on Brexit and Bank of England

GBP is in a good position to advance further as the EU and the UK agree on a Brexit transition deal, the Bank of England ponders higher UK interest rates and average earnings look set to edge higher.

SNB to Keep Policy Unchanged, Risk of CHF Rally

The Swiss National Bank will keep all its key interest rates unchanged today but there is a risk of a modest rise in the Swiss Franc afterwards.

USDCAD Set to Extend its Gains After Breaking Through Resistance

USDCAD is well placed to continue its advance after breaching important trendline resistance.

EURUSD and GBPUSD Fall Back As Dollar Stabilizes

EURUSD slid lower in Europe Wednesday after dovish comments from Draghi, while GBPUSD rejected the 1.40 resistance level.

Sentiment Data Suggest Downside for Bitcoin, Ether, Litecoin and Ripple

Sentiment figures show retail traders heavily long the principal cryptocurrencies; from a contrarian viewpoint that suggests their prices could fall.

GBPUSD Well Placed to Reach 1.40 as Brexit and Russia Dominate

It’s a big day for GBPUSD, with Brexit hopes and the Chancellor’s Spring Statement outweighing fears of a spat between the UK and Russia.

Setback Likely for USDCHF Before Uptrend Resumes

USDCHF is facing strong near-term resistance around the 0.96 level and looks likely to fail there and slip back before its current uptrend restarts.

GBP Traders Should Keep an Eye on Tuesday’s UK Spring Statement

UK Chancellor Hammond’s Spring Statement and accompanying economic forecasts are important for the near-term direction of the Pound.

Trade the News: CAD May Rally After Canadian Employment Report

Canada publishes labor market data at 1330 GMT today, at the same time as US payrolls, and with bearish CAD sentiment high, the currency could be due for a rally.

Euro Jumps as ECB Removes Bias Towards Easier Monetary Policy

EURUSD, EURGBP and EURJPY all jumped higher after the European Central Bank decided to remove a reference to a possible further easing of Euro-Zone monetary policy.

Trading Forex - When is the Best Time to Trade, and Where

You’ve decided on the currency pair to buy or sell. But do you know where to place the trade and when is the best time to do so? This guide provides some answers.

EURGBP Heads for 0.90 Level as Brexit Concerns Resurface

EURGBP is heading towards the 0.90 level as doubts remain that the UK and the EU can agree on terms for a soft Brexit.

Market Confidence Improves as Trade War Fears Recede

Trader sentiment has become more positive as hopes rise that a trade war between the US and the rest of the world can be avoided.

EUR Stable Ahead of Possible ’Tweak’ of ECB Forward Guidance

The Euro is steady against the US Dollar, shrugging off the inconclusive Italian elections, ahead of the possible removal of the ECB’s ‘easing bias’ on Thursday.

CAD Correction on the Cards After Canadian GDP Data

The Canadian Dollar remains in a strong downward trend against the US Dollar but a brief correction is possible after today’s Canadian economic growth figures for the fourth quarter.

Bullish Signals for Bitcoin Price and Ether Price, Bearish for Ripple and Litecoin

IG Client Sentiment data point to price gains for cryptocurrencies Bitcoin and Ether but to losses for rivals Ripple and Litecoin.

Why Volatility is the Norm When Trading the British Pound

The history of the Pound is one of remarkable volatility, which makes trading GBP both potentially highly profitable and potentially ruinous.