Forex Opinion & Analysis

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...

EUR/NZDCurrently we are 1.6256 in a large channel. We are looking to continue to the S5 support @ 1.6100. The average daily true range (ATR) for the pair currently is 233 pips.

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...

USD/JPY has posted slight gains on Thursday, erasing the losses sustained in Wednesday’s session. In the European session, USD/JPY is trading at the 114 line. In economic news, it’s a busy...

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...

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,...

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....

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.79; (P) 159.67; (R1) 160.62; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...

EUR/USD: Technical Analysis Suggests Recovery, But Watch Non-Farm PayrollsFinal Eurozone Composite PMI fell to 53.0 last month from January's 53.6, its lowest reading since the start of 2015. That was...

AUD/NZD is trading quite nicely, recently completing a triangle of a higher degree at 1.0568, where we labeled end of wave E, and is now slowly continuing to the upside. We see price now even reaching...

London Forex Report: US private sector added 214k jobs to payrolls in February against a revised 193k in January, data from ADP showed. The increase was largely driven by job growth in the services...

Today sees the release of the UK's markit PMI data release. This shows the economic conditions of the services sector, which is expected to slightly fall to 55.10 from 55.60. However, the considerable...