Forex Opinion & Analysis

China devalued its yuan on Tuesday by nearly 2-percent versus the U.S. dollar to reinvigorate recovery after a recent report signaled a strong drop in China’s shipments.The People’s Bank...

The sterling halted losses against the U.S. dollar on Monday, after the sharp losses last week as the BOE policy meeting held unpleasant surprises about the future of monetary policy.The pound took a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.91; (P) 193.67; (R1) 195.05; GBP/JPY recovered ahead of 190.99 support and intraday bias is turned neutral first. Further rise cannot be ruled out. But at...

Forex News and EventsEUR/CHF hits fresh highs EUR/CHF has risen more than 2.20% over the last two weeks and is back above the 1.08 threshold for the first time since January 15, printing fresh highs...

Market Commentary It’s all about China today, with the PBOC significantly adjusting its benchmark fx rate during the Asian session.This has caused the USD to shoot up across the board, and...

AUD/USDMarket Scenario 1: Long positions above 0.7394 with targets at 0.7436 and 0.7462. Market Scenario 2: Short positions below 0.7394 with targets at 0.7368 and 0.7326. Comment: The pair dropped...

EUR/USDEUR/USD failed to maintain levels above 1.1035 during the Asian session; however, trading remains stable above moving averages 20 and 50 and above 23.6% Fibonacci at 1.0935. The bullishness...

China’s central bank surprised the markets by devaluing the yuan on Tuesday as the Chinese government seeks to boost the country’s exports. The yuan, which can only fluctuate 2% from its...

The dollar continues to drop lower against other major currencies on Monday, in a day free of any major U.S. data, as investors lock in profits following the dollar’s recent rise and as comments...

For Tuesday’s edition of DecaPip Daily I would like to turn our attention to the USD/JPY as we may be approaching a possible break to the upside in the currency.So far we have been struggling to...

Talking Points:US dollar Gains as China Devalues yuan, Looks on to Dudley Commentary Euro Unlikely to Find Lasting Follow-Through from German ZEW Survey The US dollar outperformed in overnight trade,...

The EUR/USD started yesterday, Monday the 10th, an up movement reaching 1.1030$. Nevertheless, the pair got caught in a Chinese nest.China’s yuan fell on Tuesday morning, 2%, a worthy move for...

The markets have commenced the second trading day of the week with an unexpected surprise after the People’s Bank of China (PBoC) shocked the markets overnight by devaluing the Yuan in a move...

EUR/USDEUR/USD surged on Monday above 1.10, amid fresh indications that a comprehensive Greek bailout could be completed before the end of the month and that the Federal Reserve will raise short-term...