Forex Opinion & Analysis

On August 11th, People's Bank of China (PBOC) has shocked the markets by devaluing yuan to 6.23 against the U.S. dollar. For many investors, this was a surprising move that has raised a red flag for...

Global markets were dealt a heavy blow in Wednesday’s Asian trading session as a soft China CPI release of 1.6% y/y failed to meet expectations. The failed expectations resulted in a renewed...

Currently we are at 1.2975 after breaking the large sideways move. We are looking to continue to the Fibo S6 support area at 1.2849 with an overall target at 1.2793. The average daily true range (ATR)...

GBP/USD is up about 100 points on Wednesday, as the pair trades at 1.5360 in the European session. The pound received a boost as the unemployment rate fell to 5.4% in September. Unemployment Claims,...

GBP/USD: GBP has revered its Tuesday losses and looks to resume its short term uptrend. On continued upside offensive it should target its nearby resistance at the 1.5400 level. On the upside,...

Forex News and EventsUS: Fed waits for more data The Federal Reserve are still awaiting more supportive data for a further rate hike. Today’s data, September retail sales and PPI will be closely...

The forex-trading theme remains the same – the USD under pressure with risk aversion trading strategies in vogue – as FI dealers scale back their Fed rate hike expectations. However,...

Market Drivers for October 14, 2015 Cable labor data mixed but pair rallies Comm dollars turn around Nikkei -1.89% Europe -0.76% Oil $47/bbl Gold $1174/oz Europe and Asia CNY: CPI 1.6% vs. 1.8% GBP:...

EUR/USDOutlook: Short Term (1-3 Days): Bullish – Medium Term (1-3 Weeks): BearishFundamental: EUR failed to break the 1.1400 handle yesterday due to the worse than expected local macroeconomic...

AUD/USDMarket Scenario 1: Long positions above 0.7206 with targets at 0.7285 and 0.7324 Market Scenario 2: Short positions below 0.7206 with targets at 0.7167 and 0.7088 Comment: After heavy sell-off,...

EUR/USD continues to have a quiet week, as the pair is trading just above the 1.14 line early in the European session. In the Eurozone, the German ZEW Economic Sentiment plunged. There were major...

USD/JPYThe USD/JPY pair has moved to the downside, respecting yesterday’s technical comment, and is currently stabilizing below the support line of the triangle. More downside pressures to be...

EUR/USDToday’s support: -1.1355 and 1.1340(main), where correction is possible. Break would give 1.1318, where correction also may be. Then follows 1.1295. Break of the latter would result in...

EUR/USD Daily Analysis: Bullish momentum is stalling in the short-term but we remain medium term bullish on the pair above 1.13 and will look to buy near there if a dip occurs to cool off overbought...