Forex Opinion & Analysis

USD/CAD is trading quietly to start the week, as the pair trades at 1.3565 in the European session. On the release front, there are just two US releases – Chicago PMI and Pending Home Sales....

Tuesday March 1: Five-things the markets are talking aboutThis is the first trading day of a new month. In U.S equities, March has a recent record of 14 up and 7 down, similar to its 1950 track record...

EUR/USD - on the way to 1.0810 Last Friday, price broke below support at 1.0980, and downward movement is continuing. Period of low volatility at EUR/USD should have already been finished, because in...

NZD/USD Yesterday the pair opened with a significant gap down amid the publication of poor data in New Zealand. The number of building permits in January shrank by 8.2%, while the ANZ Business...

The GBP/USD pair bounced from OUR Identified support zone on a 4 hour time frame. The support zone was given in our analysis on the 29th Feb and the risk mentioned was 36 pips and the price has moved...

The euro is showing marginal movement on Tuesday. EUR/USD is trading at 1.0860 in the European session. On the release front, it’s a very busy day in the Eurozone. Manufacturing PMIs were very...

Forex News and EventsIntervention threats fall on deaf ears Clearly the macro risks for continued CHF strength against the EUR are building. Expectations for the ECB to push rates into more negative...

Market BriefCommodity currencies paired gains during the Asian session as investor sentiment toward commodities continues to gradually improve. Gold continues to push higher, up 0.58% to $1,245 an...

USD/JPYUSD/JPY has moved to the downside, but it retraced quickly from 112.05 zones during the Asian session today to currently approach SMA20 at 113.10. Actually, the technical situation remains...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.99; (P) 156.98; (R1) 157.76; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...

GoldWith gold reversing its Friday losses on Monday, a build up on that gain is likely. However, it remains trapped within its consolidation, leaving directional move a challenge. On the downside,...

London Forex Report: Sentiments remain mixed following a slew of soft US data and RRR cut by PBoC. Before other major central bank meetings this month, China became the next in line to increase easing...

The euro remained weak yesterday as flash CPI estimates from the eurozone continued to highlight the lack of any growth in consumer prices, which is likely to see the ECB come out with policy measures...

EUR/USD is at the lows, so it looks like the pair is making an important impulsive sell-off from 1.1070, which is already big wave C) in progress. We assume that price could stay down for 1.0800 or...