Forex Opinion & Analysis

APAC Currency Corner – The Pound Pounded Investor sentiment soured over the July 4 long weekend.” Just when you thought it was safe to go back in the water”, the pound got pounded as...

Following that curious “almost” consolidation, the outcome I had been expecting didn’t occur. That is, it was looking like a consolidation but the outcome has suggested a more direct...

During the session on Tuesday, we initially tried to rally in the EUR/USD pair, but ran into quite a bit of trouble at the previous uptrend line. This invoked a phenomenon known as “market...

In short: no speculative positions.The road to a Bitcoin ETF has proved to be pretty challenging for the Winklevoss twins. First mentioned in 2013, the ETF has yet to be approved by the SEC, more than...

US DollarThe employment report Friday will be key. Another bad number and the dollar will tank and start a left translated daily cycle. A weak dollar is going to be bullish for everything, so...

The forex markets had a full week to respond to the reality of Brexit, which is a game changer with an impact that has yet to be fully determined or credibly quantified. The only thing we know for...

British pound renewed its post-referendum minimum. EUR/GBP jumped to the highest level since 2013. GBP/USD fell to 1.3050 area. The psychological 1.3000 mark is painfully close. British currency is...

Daily FX wrap: Risk off adds to AUD, CAD and NZD softness, but GBP targeted as we hit new post-Brexit lows across the board. EUR benefits again.Some decent FX price action today, starting with AUD...

AUD/USD: Currently we are 0.7477 on a support in a nice range. We are looking for the support break and then continuation to the 0.618 Fibo at 0.7424 with a further target to the 0.786 Fibo at 0.7363....

Awaiting important economic dataImportant economic data will come out in Japan on Friday: trade balance and current account balance for May. We believe the preliminary forecasts are negative. Will it...

The Australian dollar has posted small losses on Tuesday, as AUD/USD is trading at the 0.75 line. In economic news, it was a busy day in Australia. The RBA held the benchmark rate at 1.75%. Retail...

London Forex Report: The US markets return from their 4th of July Independence Day holiday with a moderately packed data docket on Tuesday (5 Jul) but the focus is likely on the New York Fed President...

Tuesday July 5: Five things the markets are talking aboutPost Brexit jitters this morning has returned to hurt the pound, putting an end to last week’s relief rally, and push sterling to a new...

The yen is back on the move, as USD/JPY has posted considerable losses on Tuesday. The pair is trading at 101.60.On the release front it’s a quiet day, with no Japanese events on the schedule....