Forex Opinion & Analysis

Chinese growth model welcomes back an old friendCentral bank monetary easing and the knowledge that China has aggressively returned to its investment-led growth model are set to buoy markets today....

Yesterday’s Trading: The first half of Friday saw the euro down against the dollar significantly. However, by the end of the trading session in Europe, everything was back to how it was. The...

The dollar fell to near one-month lows against a basket of the other major currencies on Friday, as risk appetite was boosted after China’s central bank lifted the fixed rate of the yuan and as...

After the soft Chinese data over the weekend, AUD and commodities have started relatively stable but in a corrective mood. Equities have performed well before BOJ and the FED, however USD weakness has...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.54% against the USD to close at 0.7569. LME Copper prices rose 0.42% or $20.5/MT to $4941.0/MT. Aluminium prices declined...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.90% against the CAD to close at 1.3223. In economic news, Canada’s unemployment rate unexpectedly rose to a three-year high...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.50% against the JPY and closed at 113.71. In the Asian session, at GMT0400, the pair is trading at 113.86, with the USD...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.69% against the USD and closed at 1.4387. In economic news, UK’s consumer inflation expectations index over the next 12 months...

EUR/USDMain scenario:The pair is trading along a downtrend with target on 1.1080, that may be expected to continue while pair is trading below resistance level 1.1215. Alternative scenario:An uptrend...

GBP/USDMain scenario:The pair is trading along a downtrend with target on 1.4285, that may be expected to continue while pair is trading below resistance level 1.4450. Alternative scenario:An uptrend...

US Core Retail Sales is usually a good market mover, and considering recent NFP report surprising to the upside, I wouldn’t be surprised to see a better than expected release today…Here's...

US Core CPI is expected to rise to around the 0.2%, and with Fed on the verge of another rate hike plus crude prices stabilizing, I wouldn’t be surprised to see better releases...

NZ GDP q/q is a quarterly release and usually there is a higher potential for surprises. If we get a surprise release today, I’d follow the trade plan below…5:45pm NZ GDP q/q Forecast...

AU Employment Change release today will be an important release for the AUD but I would not expect a trend change despite the figures. I would only focus on the next two hours as the market reacts to...