Forex Opinion & Analysis

Market BriefThe last 2 weeks were not easy for dollar bulls with the dollar index down 3.6% at 94.39 on April 30th, the lowest since February 26th. Finally, the greenback got some respite last Friday...

The AUD/USD pair has formed a high probability bearish set-up on the weekly chart. The exchange rate, which has been in a strong down-trend, has now pulled-back into a zone between the 10 and 20...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.98; (P) 182.72; (R1) 183.68; Intraday bias in GBP/JPY remains neutral for the moment. As long as 180.64 minor support holds, further rise is expected. As...

Key Highlights · Aussie Dollar/Japanese Yen exchange rate is trading around a crucial support area. · Australian Building Permits released by the Australian Bureau of Statistics...

EUR/USDEuro rose as dollar halted an extended slump, posting slight gains in a thinly traded session limited by market closures on a three-day weekend. U.S. Consumer Sentiment rose slightly for April,...

EUR/USD is looking more bullish after breaking above the daily Ichimoku cloud last week. The pair remains outside the cloud for a third day. Price peaked at 1.1289 after finding resistance at the...

For the 24 hours to 23:00 GMT, the EUR rose 0.86% against the USD and closed at 1.1213 as deflation fears retreated in the euro region after Euro-zone’s preliminary consumer price index remained...

US NFP is expected to be around 231K, and with the Feds watching this release closely, we should see plenty of market action (and potentially changing the short-term market trend) if we get our...

AU Employment Change release today will definitely be a stronger mover if the figure were to hit our tradable deviation. Considering the aftermath of recent RBA rate action, I’d be cautious with...

US ADP NFP Employment Change usually gives a pretty accurate forecast for Friday’s Nonfarm Payroll Report, and since the timing for next Fed rate hike is hanging in the balance, we should see...

UK Services Purchasing Manager Index could be a good catalyst for the sterling and with the same two members in the MPC potentially changing their votes again, a better than expected release will...

AU Retail Sales release today is usually a highly tradable report out of Australia; however, market will surely still be reacting to the Rate decision scheduled in the previous day, therefore...

US ISM Non-Manufacturing PMI is a leading indicator and particularly important during a Nonfarm Payroll week, and since this coming NFP could change market speculation on the timing of the next Fed...

AU RBA Interest Rate Decision today is expected move lower as RBA adjust further due to drop in inflationary pressure and crude prices. However, there is a near even split on today’s forecast,...