Forex Opinion & Analysis

The growing optimism over the increased likelihood of a US interest rate rise in December has given the global financial markets a sense of positivity. Investors have acquired some clarity from the...

The EUR/USD 2-year yield differential has been a driving factor in the decline of the currency pair. At current levels of 126 basis points between U.S. and German rates, the differential is now the...

Whilst yesterday’s FOMC minutes were flagged as a tier-one item of news, the market reaction suggested that perhaps a tier-three ranking would have been more appropriate, with the markets noting...

Market Drivers November 19, 2015 Dollar Longs get shaken UK Retail Sales misses a bit Nikkei 1.07% Eurostoxx 1.09% Oil $41/bbl Gold $1074/oz Europe and AsiaGBP: UK Retail Sales -0.6% vs. -0.4% North...

FOMC Minutes: “Most participants anticipated that, based on their assessment of the current economic situation and their outlook for economic activity, the labor market, and inflation, these...

AUDUSD: Although maintaining its broader medium term downtrend, AUDUSD faces risk of further recovery higher after it followed through on the back of reversal of its intraday losses on Wednesday. This...

One is always wiser in hindsight and so it turned out that it would have been a smarter decision yesterday to simply wait until the turmoil of the FOMC minutes has diminished. Despite the hawkish tone...

For more than a year now, commodity prices have been under pressure from the strong U.S. dollar and slowing global demand. This has made a huge dent in the balance sheet of many net exporters of...

EUR/USD has pasted small gains on Thursday, as the pair trades at the 1.07 line in the European session. In economic news, Eurozone Current Account jumped to an 8-month high, with a surplus of EUR...

EUR/USDCurrent level - 1.0692 The reversal at 1.0616 signals a positive bias, for a test of 1.0750 resistance. Minor intraday support lies at...

GBP/JPY - on resistance and highest since August 2015In previous analysis of November 6 I pointed trend line and support which should cause rebound. I wrote: "The trend line was tested for the third...

EUR/USD seeing a short term recovery towards first resistance at 1.0695/1.0700 today. Shorts need stops above 1.0725. A break higher targets only minor resistance at 1.0746/50 then 1.0780/85. If we...

AUD/USD testing resistance at 7135 but a break higher looks likely and targets strong resistance at 7155/60. This is the main challenge for bulls today but shorts need stops above 7180. A break higher...

USD/JPY first support at 123.34/30 but below here targets better support at 123.10/05 for some profit taking on shorts. If we continue lower look for a buying opportunity at 122.90/85. A good chance...