Forex Opinion & Analysis

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...

AU Retail Sales release could change the short-term direction of the AUD, but since NFP is scheduled to release in just under 12 hours, I’d recommend a trade only if we get our tradable...

US ISM Non-Manufacturing PMI is a leading indicator and since Friday’s Nonfarm Payroll report is the most watched release in all FX trading, today’s figure could provide a bit of hint as...

US ADP NFP Employment Change is usually a good release to trade, but with market now focusing on inflation rather than employment, I’d only recommend a trade if we get our tradable...

The AUD GDP q/q is a quarterly release that’s more likely to surprise the market but with yesterday’s RBA rate decision, I’d warn against going in the opposite direction even if the...

CA GDP is expected to come in at 0.1%, and considering the recent stabilization in crude prices and the potential of production freeze on the way, I would not go strongly against the...

Under 118,5, sell signals to go to 111,5. Buy above 118,5 as we are still in a monthly uptrend. On the monthly chart, there is a very powerful bearish candle that broke a strong support around 116....

UK Manufacturing PMI should be a strong market mover especially with recent volatility due to the “Brexit” referendum; a strong release should provide plenty of reason to BUY GBP and vice...

AU RBA Interest Rate Decision today is likely to keep rates unchanged in today’s meeting as recent inflation reading in Australia has been rather positive. In the unlikely event of a surprise...

An upside revision to the US GDP for the fourth quarter sent the greenback stronger across the board. However, market sentiment is currently pointing to a modest risk aversion with the yen gaining in...

The Australian dollar started the week strongly as a general sentiment swing against the USD occurred. However, the latter part of the week turned torrid for the pair as an uptick in the US...