Forex Opinion & Analysis

AUD/USDMarket Scenario 1: Long positions above 0.6992 with targets @ 0.7063 & 0.7110. Market Scenario 2: Short positions below 0.6992 with targets @ 0.6945 & 0.6874. Comment: The pair advanced...

Forex News and EventsRBNZ to lower the OCR by 25bps to 2.75% The Reserve Bank of New Zealand is expected to ease monetary policy for the third time this year. The RBNZ will likely cut its official...

EUR/USD Daily PivotsR3 - 1.1312 R2 - 1.1269 R1 - 1.1235 Pivot - 1.1192 S1 - 1.1158 S2 - 1.1117 S3 - 1.1081 EUR/USD (1.11) is forming a potential bear flag on the daily chart but one that needs to be...

GBP/USDGBP/USD has corrected slightly, but remains limited above 1.5335, which is a positive factor. RSI14 trades below 50.00, while ADX is still weak, but we believe that, the pair may resume the...

Talking Points:Commodity Dollars Gains, Japanese Yen Declines as Risk Appetite Firms. S&P 500 Index Futures Hint Risk-On Sentiment Likely to Carry Forward. The Australian, Canadian and New Zealand...

HourlyOn Tuesday the GBP/USD renewed to 1.5412. It went too high to correct. Information about merger/takeovers has a real effect on the currency in which they are paid in. All crosses were on the...

Even if the US NFP disappointed market players during its Friday's release, seven year low unemployment rate and improving wage details helped greenback index (I.USDX) secure another positive weekly...

EUR/USDCurrent level - 1.1170 The corrective pullback below 1.1228 signals a positive outlook, for a break through 1.1215, en route to...

Market Commentary US equity markets came back online with a bang, lifted by the prospect that the Fed might not hike in September after all. DJI, S&P 500 and NASDAQ were up more than 2%. Shanghai...

During the session today, we should focus on the influence of Canadian Central Bank’s interest rate decision on the CAD/USD pair as well as the influence of Reserve Bank of New Zealand’s...

The dollar rose against most major currencies in Wednesday’s Asian session on reduced risk aversion. Strong German exports data on Tuesday, which hit record levels in July, boosted risk...

EUR/USDToday’s support: -1.1153, 1.1115, 1.1091 and 1.1070(main), where correction is possible. Break would give 1.1052, where correction also may be. Then follows 1.1026. Break of the latter...

Talking Points:Yen and US Dollar Drop in Tandem as Dovish Fed Outlook Shift Boosts Risk S&P 500 Stock Index Futures Hint Overnight Dynamics Poised to Continue The Japanese yen underperformed in...

For the 24 hours to 23:00 GMT, the AUD strengthened 1.38% against the USD to close at 0.7031. LME Copper prices rose 2.01% or $104.0/MT to $5280.0/MT. Aluminium prices rose 0.35% or $5.5/MT to...