Forex Opinion & Analysis

Last week ended with the highly anticipated jobs report from the United States. The data, consisting of Average Hourly Earnings, the Unemployment Rate, ADP Nonfarm Employment Change and Nonfarm...

The euro might have recently surpassed expectations as it broke through the recent support levels following the slide in the US Unemployment Rate. Subsequently, the question remains as to whether the...

Daily forecast, 04.04.16: downtrend to 1.4110Main scenario:GBP/USD is trading along a downtrend with target on 1.4110 that may be expected to continue while pair is trading below resistance level...

Daily forecast, 04.04.16: sideways trend between 1.1315 and 1.1440Main scenario:EUR/USD is trading along a sideways trend between support 1.1315 and resistance 1.1440.A downtrend will start as soon as...

We'll be getting the Canadian Employment Change release number today and since it is the main event for the CAD today, we should see plenty of market reaction following this release, especially if we...

US ISM Non-Manufacturing PMI is a leading indicator but because it is scheduled after this month’s Nonfarm Payroll Report, I would be careful taking any long-term position based on this release,...

AU RBA Interest Rate Decision today is likely to keep rates unchanged in today’s meeting as recent news out of Australia have been positive, although the next possible rate direction is likely a...

EUR/USD Open 1.1390 High 1.1436 Low 1.1338 Close 1.1386On Friday euro/dollar decreased with almost 100 pips. The European currency depreciated from 1.1436 to 1.1338 last Friday, matching the negative...

The Forex Week Ahead: April 4th – April 8thSun: CNY – Leading Index Mon: AUD – Retail Sales, JPY – Monetary Base, GBP – Construction PMI, EUR – Eurozone...

All began relatively as expected over the past week – until the weakness in the U.S. dollar became more apparent. This has taken us back into the broad range of the past year –...

The Australian dollar held its ground on Friday, brushing off better than expected employment out of the US.At close of trade on Friday the Aussie dollar finished at US76.80c, up 0.29 percent from the...

The dollar weakened against its peers on Friday, closing out the week near 5-month lows, as the market figured the Federal Reserve will not be pushed to increase interest rates as a result of the US...

EUR/USD: Although EUR/USD remains biased to the upside, we envisage a move lower on correction in the new week. Support lies at the 1.1300 level. Further down, support lies at the 1.1250 level where a...

As a Brit I well understand the deep admiration the Canadians have for their powerful neighbors south of the border, even if it is not always expressed. The good news in this update is that now is the...