Forex Opinion & Analysis

London Forex Report: Optimism surrounding the Fed continuous rate normalization path stemming from better than expected US GDP and consumer prints lifted market sentiments. Second estimate showed the...

USD/CHF is turning up again now after a three wave set-back down to 0.9850 area that we see it now as a completed wave 2)/B). As such, we expect much higher levels this week as we see price in early...

GBP/NZD - demand reaction at very interesting levelLast week's analysis was profitable. I wrote: "Today support was broken (it stopped declines for 2 months) and right now there is a clear path for...

The opening of this week's trading saw the NZD fare more losses due to a soft economic data release; building permits fell as well as the ANZ business confidence, which will reignite the possibility...

The G20 meeting of world finance leaders failed to produce the coordinated action to combat the slowing global growth that some investors were hoping for. However, the G20 did release a statement...

As USD/JPY still has room for a rise, call options can be purchased.According to the first February inflation report released by Eurozone on Monday, the market is expected to keep falling. Ralph...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 1.47% against the USD and closed at 0.7126. LME Copper prices rose 0.56% or $26.0/MT to $4681.0/MT. Aluminium prices declined 0.72% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD and closed at 1.3525. In the Asian session, at GMT0400, the pair is trading at 1.3533, with the USD trading...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.89% against the JPY and closed at 113.93. In the Asian session, at GMT0400, the pair is trading at 113.32, with the USD trading 0.48%...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.65% against the USD and closed at 1.3866. In the Asian session, at GMT0400, the pair is trading at 1.3857, with the GBP trading...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.83% against the USD and closed at 1.0928, after downbeat economic data across the Euro-zone. Data indicated that, the...

Daily forecastMain scenario:The pair is trading along a sideways trend between support 1.3835 and resistance 1.3960.An downtrend will start as soon as the pair drops below support level 1.3835, which...

Daily forecastMain scenario:The pair is trading along a downtrend with target on 1.0800, that may be expected to continue while pair is trading below resistance level 1.1010. Alternative scenario:An...

US NFP is expected to be around 195K, and with the Fed already talking about continuing with the rate hike path, a stronger release today could definitely push USD higher, whereas a weaker release may...