Forex Opinion & Analysis

USD/JPY made some decent moves higher during the Asian session following on from Yellen’s comments last Friday and talk locally of a possible delay in a Sales Tax Increase. Retail Sales came out...

EUR/JPY: Despite EUR/JPY seeing a strong rally during Monday trading session today, further upside pressure is expected in the days ahead. On the downside, support comes in at the 123.00 level where a...

GBP/USDGBP/USD moves within a sideways range between SMA20 and SMA50, while trading near 1.4600 should be breached to prove the bearishness. ADX remains negative below 50.00, but it moves within a...

EUR/USD has posted small gains on Monday, after the pair considerable losses in the Friday session. The pair is trading at 1.1130, close to 10-week lows. On the release front, there are no major...

Market BriefIn the wake of another batch of disappointing economic data from the US, Janet Yellen said on Friday that an interest rate hike should be appropriate in the coming months but did not give...

US ISM Non-Manufacturing PMI is a leading indicator and especially important when scheduled before the Nonfarm Payroll, but since it is not, we probably won’t see too much market reaction unless...

US ADP NFP Employment Change is a preview to Friday’s BLS employment report, as there is usually a strong correlation between the two. If we get a strong release, we should see plenty of market...

Yen drops as equity markets rally to post biggest weekly gainsThe USD/JPY traded higher to touch 111.45 high as risk appetite firmed and as equity markets posted their biggest weekly gains. The...

US ISM Manufacturing PMI is a leading indicator and considering Yellen’s recent comment that the next rate will be data dependent, any strong release, even in the unrelated Manufacturing sector,...

UK Manufacturing PMI should be a strong market mover, but with markets focusing mostly on Brexit polls, any market volatility will soon be forgotten. Therefore, I’d suggest a short-term trade no...

The AUD GDP q/q is a quarterly release and considering recent miss in CPI expectations and the fact RBA cut rates unexpectedly, if we get a worse than expected GDP, we should see another sell off...

CA GDP is expected to come in at a flat reading of 0.0%, and we’ll be looking for a minimum deviation of 0.3% to trade, considering recent crude price rise, a stronger GDP could add more...

The US dollar surged against the yen in Asian trading on Monday as Fed Chair Janet Yellen reinforced expectations that the Fed could be on track to raise rates by the summer.Speaking at Harvard...

EUR/USD falls on hawkish Yellen commentsThe EUR/USD fell below 1.1100 as Yellen claimed that an interest rate hike in the next few months is probable. Breaking the support point 1.1080 pushes the euro...