Forex Opinion & Analysis

The AUD/USD surged higher and tests near the major resistance level 0.7740 as China’s GDP meets forecast. The AUD/USD needs a candle above 0.7745 to regain its momentum and to open an uptrend...

London Forex Report: Disappointment over failure to reach an agreement on oil production freeze by the world major oil producers at a meeting over the weekend had pushed oil prices back down below the...

The dollar slid against the other major currencies on Friday, following the release of lackluster U.S. economic reports, but the greenback still ended the week higher.The U.S. dollar index, which...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.86; (P) 154.58; (R1) 155.09; GBP/JPY dips sharply today but stays above 151.64 temporary low. Intraday bias remains neutral first. In case of another...

The EUR/USD is treading water ahead of Draghi’s conferenceThe EUR/USD was trading a leg lower as equity markets rallied, awaiting Draghi’s conference this week. Although inflation is weak,...

The USD/CAD forex pair is well overdue for a bounce at the median of a long-term regression channel and the 40% Fibonacci retracement level, as shown on the monthly chart below.The Canadian dollar is...

Yesterday’s Trading: Economic data from the US on Friday was ambiguous, allowing the euro/dollar to rise to 1.1316. The New York business activity index exceeded expectations. The index for...

Following the weekend Doha meeting where oil producers failed to reach an agreement, the markets opened today with risk off the table. Yen gained sharply while the reaction was muted in EUR/USD and...

EUR/USD strong resistance at 1.1305/15 is the most important of the day and holding keeps the pressure on for 1.1289/85 then strong support at 1.1250/40. This could hold the downside today, but longs...

UK Retail Sales should provide some volatility for the sterling as market remain indecisive over the upcoming referendum and recent bout of USD strength. I’d recommend to follow the trade plan...

ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45am then followed with a press conference at 8:30am. Current market is expecting ECB to keep policy unchanged as recent rate...

CA Core CPI is likely a high impact release for Canada but since it is released together with the Retail Sales figure, I’d recommend to pay attention to both releases and only trade if there is...

CA Core Retail Sales figure could be the catalyst to push CAD to the next level, but considering recent CAD volatility, I’d only recommend a trade if we get our tradable deviation…8:30am...

The next few days could be interesting for the kiwi dollar as GDT price index results loom nearer. The indicator remains one of the most influential for the small dairy producing nation’s...