Forex Opinion & Analysis

In the new week we’ll be watching the April PMI indices in the United States. Strong figures could render some temporary support to the greenback, but are unlikely to change the whole picture....

Forex News and EventsFears of Brexit decrease on the market The discussion over the UK referendum continues to dominate conversation despite reduced “Brexit” fears on the financial...

USD/JPY is almost unchanged on Monday, as the pair trades at 106.50 in the European session. On the release front, manufacturing indicators are the focus at the start of the trading week. In Japan,...

USD/JPYUSD/JPY has reached all previous suggested technical targets, including 106.30, while coming back to the 4-hour interval shows that the pair is extremely oversold. We expect some kind of...

EUR/USD is quiet on Monday, after posting excellent gains on Friday. The pair is trading at 1.1480 in the European session. On the release front, German and Eurozone Manufacturing PMIs both showed...

EUR/USD: Buy At 1.1360US Commerce Department reported that the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, edged up 0.1% last month after...

Whilst the AUD had a strong start to the week, an unexpected reduction in the Australian CPI result sent the pair plummeting. Additionally, weak PPI figures kept the Aussie dollar low as the session...

The dollar slumped to eight-month lows against a basket of its major peers on Friday, as the yen continued to build on strong gains from earlier in the week, following central bank meetings in the...

The EUR/USD is along new target zones on disappointing U.S. dataThe EUR/USD broke the 1.1400 zone and is pushing a leg higher toward the 1.1500 zone after stronger than expected Eurozone GDP data....

The market pricing for a 25 basis point cut by the Reserve Bank of Australia (RBA) at their meeting tomorrow is currently sitting at 55%. The dramatic weakness in Australian inflation in the first...

AUD/USD first resistance at 7610/15 today, but above here targets minor resistance at 7650/55. If we continue higher look for strong resistance at 7670/80. Shorts need stops above 7695. A break higher...

As the USD/JPY selling pressure continues to mount, so too does speculation that the Bank of Japan may intervene within markets to decisively weaken the yen. Subsequently, given that the pair has had...

Focus shifts back to the Australian market to begin the week, and while we don’t see any tier one data releases today, what a lead up into tomorrow we have!The weekend saw China release official...

Sun: CNY – Manufacturing PMI Mon: USD – ISM Manufacturing Tue: NZD – Dairy Auction, Unemployment Rate, AUD – RBA Rate Decision, GBP – Manufacturing PMI Wed: GBP –...