Forex Opinion & Analysis

Forex News and EventsRisk of more easing bias in RBA (by Peter Rosenstreich) Overnight, Australian February retail sales m/m disappointed, coming in unchanged against 0.4% expected. These weaker sales...

EUR/GBP aggressive uptrend but certainly overbought Original post

EUR/USD: Market Shrugged Off Strong US Jobs Report And Still Does Not Believe In June HikeThe Labor Department said US nonfarm payrolls rose by 215k last month and the unemployment rate edged up to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.70; (P) 159.71; (R1) 160.72; The breach of 158.42 support suggests that rebound from 154.70 is completed at 164.09. And, fall from there is resuming....

Key quotes from the ING FX report: USDWe expect USD to stabilize this week. In our view, the bulk of dovish re-pricing is likely behind us following Chair Yellen’s speech last week. Indeed, the...

London Forex Report: Friday’s nonfarm payroll release bested estimates and strengthening the case for tighter monetary policy this year albeit at a very moderate pace. Employers added 215k jobs...

WTI Crude collapsed during trading last week following the unexpected statement from Saudi Arabia stating that any output deals would be dependent on Iran’s participation, which consequently...

EUR/USD further upside directionThe EUR/USD started pushing higher after Yellen’s comments last week. The EUR/USD is attempting to have a bullish breakout after an increase in US unemployment...

The euro is flat on Monday, as EUR/USD is trading at 1.1370 in the European session. On the release front, Eurozone Unemployment Rate remained at 10.3%, matching the forecast. Spanish Unemployment...

USD/CAD back to touch highs as it underpins long-term supportThe USD/CAD decreased for nine consecutive weeks as the pair hit fresh 2016 lows near 1.2857. This long-term support level provides signals...

USD/JPYThe USD/JPY has moved to the downside after NFP, and bears continued to haul it during the Asian session today. Now, we see chances for resuming the bearishness after stabilizing below 112.15...

Yesterday’s Trading:The euro on Friday updated the week’s maximum due to demand for the currency in the cross pairs. After the release of strong American labor market data, the...

The Japanese yen seemed to be the main beneficiary of today’s Asian session, as traders were still adjusting to Fed Chair Janet Yellen’s message that caution was required in raising...

EUR/USDRisk reward: 1.06Volatility: AverageSell at 1.1392 SL 1.1424 TP 1.1358USD/JPYRisk reward: 1.63Volatility: AverageSell at 111.57 SL 111.89 TP 111.05 GBP/USDRisk reward: 1.25Volatility:...