Forex Opinion & Analysis

Market Drivers November 23, 2015 EZ Flash PMI beat with GE leading the way Comm block under pressure Nikkei closed Eurostoxx -0.70% Oil $40/bbl Gold $1070/oz Europe and AsiEZ: Flash PMI 54.6 vs....

No further monetary stimulus despite recessionOn Thursday, the Bank of Japan left the monetary policy unchanged with annual QE volume of 80trn yens. Moreover, other positive news came out. The RSI...

The U.S. dollar advanced to new highs against the euro and British pound. The greenback resumed its uptrend in expectation the Fed will hike next month while other central banks are biased to ease....

Sell GBP/AUDLast week saw a consolidation in USD longs with a returned buoyancy to the risk environment. With a lighter week heading into the US thanksgiving week it seems like the positive risk...

Markets witnessed a return of risk appetite, on optimism of a December Fed rate hike as Friday’s Kansas City Fed manufacturing data surprisingly returned to positive territory for the first time...

The USD/JPY pair is trading in an ascending triangle pattern on a daily time frame pattern. The price is trading within the Bollinger band and this represents that the volatility is low for the pair....

After two days of spike, the EUR/USD slipped down last Friday as European Central Bank governor Draghi intimated that more stimulating measures will be put forward to release the inflation in...

Today’s EUR/USD Chart of the Day posed the following question:“Is the bearish trend too strong to fade or will thin holiday trading see an almighty squeeze back up?” I wanted to...

The dollar remained broadly higher against the other major currencies on Friday, as growing hopes for a December rate hike by the Federal Reserve continued to lend support to the greenback.Today...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.63% against the USD to close at 0.7237. LME Copper prices rose 1.74% or $80.0/MT to $4690.0/MT. Aluminium prices rose 2.01% or $29.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD to close at 1.3332. In economic news, Canada’s consumer price index rose as expected by 0.1% MoM in October, after recording a...

For the 24 hours to 23:00 GMT, the USD rose 0.62% against the CHF and closed at 1.0195. In the Asian session, at GMT0400, the pair is trading at 1.0205, with the USD trading 0.1% higher from...

For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 122.84. On Friday, BoJ board member, Sayuri Shirai, indicated that Japan’s inflation rate is expected to...

For the 24 hours to 23:00 GMT, the GBP fell 0.63% against the USD and closed at 1.5193, after UK’s public sector net borrowing rose more-than-anticipated in October. Data showed that...