Forex Opinion & Analysis

The euro has had a positive day today due to a positive Markit PMI Composite and Markit services PMI for February. The results came in just above expectations at 53 and 53.30. The PMI composite...

More losses for the USD, with GBP leading the way again. Lots of indecision, but the commodity currencies on the front foot. EUR squeeze up back into the 1.0900s.The USD was a major loser on the day,...

Recent decline from 1.107 area seems to be completed, as price unfolded in five waves, and on top of that a three wave pullback occurred as in waves A-B and C. That said this corrective pullback may...

The EUR/USD is oversold on the daily and 60-minute chart, and near the bottom of the December/January trading range. The odds are that it will bounce soon. There is still room (70 pips) below...

An unexpected jump in crude oil inventories (it influences the price of petroleum products, which affects both growth and inflation) had a small impact on USD/CAD yesterday as gains were limited and...

US economy back on track? (by Arnaud Masset)The US economy seemed to have started the New Year on a firmer footing. Indeed, the world’s biggest economy has kept sending mixed signal during the...

The publication yesterday of the Beige book report on the economic conditions in the 12 districts of the regional Reserves indicates that growth persists and that the Fed believes that wage growth...

The Dollar Index is trapped in a contracting triangle pattern since March of 2015 when it made a high at 100.40. We are now at the final stages of the triangle pattern with the most probable outcome...

The stronger-than-expected ADP report failed to have a major impact on the U.S. dollar. The private report showed companies added 214k workers in February, indicating the U.S. labor market remains...

AUD/USDWith the pair strengthening further on Wednesday and following through on Thursday, it looks to move higher to the 0.7400 level and beyond. On the downside, support resides at the 0.7300 level...

GBP/USD - upward movement reached first resistance After huge selloff last week, GBP/USD reached 1.3850 support. At this area we observe lows from 2009 and since the beginning of current week, area...

Thursday March 3: Five-things the markets are talking about.European equity indices have been trading lower across the board for a large part of this morning session, but currently trading mixed,...

The euro is almost unchanged on Thursday, as EUR/USD is trades at 1.0870 in the European session. On the release front, there were no surprises from Eurozone Service PMIs, all of which were within...

Market Drivers for March 03, 2016 UK Services grow at slowest rate in 3 years AUD: Jan Trade data better Nikkei 1.28% DAX 0.04% Oil $35/bbl Gold $1242/oz Europe and AsiaAUD: Trade Balance -2.9B vs....