Forex Opinion & Analysis

Events in Asia again set the broader tone for the day, with cross/JPY making the headlines in FX. China Caixin services PMI contracted significantly, but there was greater focus on further CNH...

The US dollar has lost some shine in New York as the US equities traded south on the combination of a pale picture out of China and the solid ADP read out of the US.The US economy added 257,000 new...

An estimate that the most recent ADP payrolls would print at only 192,000 jobs was surprised by the real result of 257,000 jobs added to the economy in December, as compared with November’s...

Nothing has changed on the daily chart of the EUR/USD. As long as the selloff holds above the December 3 low, the odds are that there will be a 2nd leg up. On the 240-minute chart, it broke below the...

It’s been a rough start to 2016 for China bulls and anyone else dependent upon solid growth in the world’s second-largest economy. After Monday’s Chinese stock-market washout,...

GBP/AUDCurrently we are at 2.0699. We are looking to continue to the R6 Resistance at 2.0800 with an overall target at 2.0960. May see a deeper pullback before resumption. The average daily true range...

Bank of Canada Governor speaks on ThursdayLast December, the Canadian dollar rate reached the 11-year high against the US currency which means its severe weakening. Nevertheless, the chart stopped...

EUR/JPY - approached important supportThe beginning of the year for EUR/JPY brought 3 sessions of consecutive declines. Price is at lowest level since April 2015. EUR/JPY moved the entire 2015 inside...

AUD/JPY: Risk Appetite May Not Come Back SoonChina’s yuan fell to its lowest since the opening of its offshore market in 2010, extending a slide that has unnerved global financial markets and...

USD/SGD continues to rally on Wednesday and has gained about 90 points on the day. The pair is trading at the 1.4340 level in the European session. On the release front, Singapore will publish Foreign...

The Australian dollar has posted sharp losses on Wednesday, as AUD/USD trades at 0.7070 in the European session. On the release front, there are no Australian events on the schedule, but we’ll...

The U.S. dollar remained well bid against the euro and British pound Tuesday. Eurozone consumer prices failed to show any increase, hence the inflation rate remains far below the ECB's 2 percent...

All in AsiaOnce again, the story of today’s markets has almost already been written by movements in Asia. Another poor PMI reading from the Chinese economy alongside the news that North Korea...

The dollar pushed broadly higher against the other major currencies on Tuesday, as downbeat euro zone inflation data, concerns over Chinese growth and mounting tensions in the Middle East continued to...