Forex Opinion & Analysis

Currently GBP/NZD is at 2.4444 in a nice channel. We are looking for a continuation to the Fibo support area at 2.4672 with an overall target at 2.4914. The average daily true range (ATR) for the pair...

Talking Points:EUR/USD slides back towards $1.1150. AUD/USD covering rally takes it back to its daily 5-EMA. The key reversal that appeared on the US dollar's H4 chart yesterday has proved to be the...

Today during the Asian session the USD declined against its major counterparts amid the publication of macroeconomic releases in Japan and China. Japan's GDP for the second quarter was revised up from...

M&A news has led to short sterling positions being squeezed. The pound has rallied for a second consecutive day, pulling away from last Friday’s four-month low outright (£1.5163),...

Forex News and EventsChina’s imports collapse Last week's sluggish PMI figures (manufacturing PMI printed at 49.7 versus 50 in July) warned us that the weak global demand in August, coupled with...

GBP/USDGBP/USD has bounced off 1.5190, as it failed to maintain levels below it. Although, the bearishness continued to dominate the market, but prices attempt to re-experience the broken trend from...

Market Commentary With the US offline for Labour Day holidays, European equities were marginally firmer amid ECB’s pledge (last Thursday) to do more QE if need arises. FX markets were little...

Market BriefIn the absence of economic data from the US, traders refocus on fundamentals from Asian countries. In Japan, the final GDP revision indicates that the economy contracted only by -0.3%q/q...

AUD/USDMarket Scenario 1: Long positions above 0.6929 with targets at 0.6948, 0.6968 and 0.7007. Market Scenario 2: Short positions below 0.6929 with targets at 0.6909 and 0.6890. Comment: The pair...

The dollar showed little movement against the other major currencies on Monday, as trading activity was expected to remain low with U.S. markets closed for the Labor Day holiday and investors focused...

During the session today, we should focus on the GDP number come out of Eurozone. Meanwhile, as we mentioned yesterday, it seems quite difficult for Fed to raise interest rate this year that may...

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...