Forex Opinion & Analysis

This week has seen attention in FX markets largely reside with events in China, after the PBoC lowered the CNY reference rate against the USD three times this week. The inevitable uncertainty over the...

Australian dollar under pressureLet us have a look at AUD/USD pair on the daily timeframe. The pair has been falling since mid-May, with fall in prices for Australia’s main export commodities....

EUR/USDCurrent level - 1.1138 The intraday bias is neutral, capped at 1.1216 and supported at 1.1090. The outlook on the senior frames is still positive, for a violation of 1.1216 peak, en route to...

The EUR/USD has broken its downward channel on a 4 hour time frame pattern. The price has moved towards the upside and initially this move was capped by the resistance zone mentioned below. The...

Market BriefChina’s decision to modify the way the PBoC sets the reference rate for the renminbi has drove both FX and equity markets for the past few days. Asian equity market returns are mixed...

The lower oil price and strong sterling have lowered the near-term inflation outlook and we now expect BoE to begin raising interest rates in February 2016.We expect the BoE to increase interest rates...

A rise in retail sales combined with unemployment claims at record lows increased confidence about the health of the U.S. economic recovery providing some strong support on the dollar as the...

USD/JPYIt seems as if the USDJPY has neglected yesterday’s trading, forming a very small body as seen on Thursday’s candle comparing with Wednesday’s one. We are still waiting for a...

Talking Points:Euro May Overlook Eurozone Finance Ministers’ Meeting on Greece Bailout Aussie Dollar Gains, Kiwi Counterpart Drops on Evolving Rates Policy Bets See Economic Releases Directly...

On Thursday, the AUD remained on about the same level against the USD, despite quite strong data on Retail Sales from the US. The reason of these dynamics was strong macroeconomic statistics from...

U.S Data Dependency Looks to FOMC MinutesStarting with the U.S. non farm payrolls report, China’s devaluation of the yuan and the release of U.S. retail sales numbers investors have been getting...

The yuan halted a three-day slide after China’s central bank raised its reference rate for the first time since Tuesday’s devaluation and said it will intervene to prevent excessive...

Market Drivers Aug 14, 2015 CNY Stabilizes for first day in four Greece passes the bailout vote Nikkei 0.37% Europe -0.49% Oil $42/bbl Gold $1116/oz. Europe and Asia: NZD Retail Sales 0.1% vs....

EUR/USDEUR/USD was relatively flat one session after surging to monthly-highs, amid solid U.S. economic data and ahead of an emergency session in the Greek Parliament on Thursday night where an...