Forex Opinion & Analysis

Happy New Year!We hope you have had a good start into 2016 and wish you all the best for the New Year and, of course, many profitable trades. At every beginning of the year many market participants...

USD/JPYThe USD/JPY is moving below the technical target we defined in December 2015 at 119.60 as seen on the provided daily chart. The pair may resume its downside journey below 38.2% Fibonacci,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.41; (P) 177.56; (R1) 178.17; GBP/JPY's decline accelerates to as low as 175.99 so far and intraday bias remains on the downside for 174.86 key support...

US NFP is expected to be around 202K, and with the Fed already started its normalization process, any strong surprise today could cause the market to move sharply, therefore I’d recommend to sit...

We'll be getting the Canadian Employment Change release number today but since it’s scheduled at the same time with the U.S. Nonfarm Payroll report, I’d recommend to pay close attention to...

AU Retail Sales release could change the short-term direction of the AUD, especially if we were to get our tradable deviation. Due to the nature of the market context (being the first full trading...

US ADP NFP Employment Change is a reading of the private payroll data from ADP, and it’s known to have a strong correlation with Friday’s official Nonfarm Payroll Report from BLS (Bureau...

UK Services Purchasing Manager Index could be another major mover for the sterling as market is just back to normal this week, any strong news should cause plenty of reactions.4:30am (NY Time) UK...

The Australian dollar has tumbled today after weak data out of China and a shock devaluation of the Chinese Yuan raised fears over the health of the world’s 2nd largest economy.AT 8.55pm (GMT)...

US ISM Manufacturing PMI is a leading indicator and as the first major release out of the US in 2016, we should see plenty of market reaction, not mentioning the Nonfarm Payroll factor on...

Sell GBP/USDWith the US having initiated lift-off, USD strength has been most noticeable against the beleaguered British pound which has suffered from severe blows to UK rate-hike expectations. The...

London Forex Report: Volatile Start To 2016 As China Trade HaltedLondon Forex Report: Fed’s vice chairman Stanley Fischer said that “raising interest rates may be the appropriate...

USD/CAD hit new highs at the end of 2015 which has been expected for sometime, after we identified a flat correction in wave 4). We see price now in wave 5), which is a final leg of an impulsive rally...

Key Fundamental Forex Events and Forecasts for the Coming WeekThe following table lists the key economic data and other events that are due out during the week of January 4th – January 8th, with...