Forex Opinion & Analysis

Focus Of The Day"Weak US data, a bounce in oil prices and a pick-up in European growth: None of it came as a huge surprise, but it all weighed on positioning and the fallout has been seen in higher...

While CitiFX still believes in the big picture USD story, they note that significant levels have been giving way on the Dollar Index and many USD crosses in recent days.Thus, while Citi still...

Fundamental AnalysisUK PMI data was well below the estimates and this is going to play in the election story. So overall, we have very weak economic data for the UK from GDP to PMI and all this...

KEY DATA RELEASES TODAY (BST) : 09:30 GBP Net Lending to Individuals m/m 2.6B 2.5B 09:30 GBP Manufacturing PMI 54.6 54.4 15:00 USD ISM Manufacturing PMI 52.1 51.5 15:00 USD Revised UoM Consumer...

EUR/GBP intra-day bias is back to the upside after prices rose above trend line resistance and cleared a key resistance zone between 0.7241 and 0.7249. Looking at the daily chart, the pair has found...

Talking Points: British Pound May Rise as PMI Report Bolsters BOE Rate Hike Speculation NZ Dollar Sank Overnight as FinMin English Reinforced RBNZ Easing Bets See Economic Releases Directly on...

Talking Points: EUR/JPY Technical Strategy: Flat Support: 131.68, 129.54, 126.08 Resistance:135.13, 137.93, 140.73 The Euro continued to push higher against the Japanese Yen, extending...

Talking Points: NZD/USD Technical Strategy: Flat Support: 0.7602, 0.7521, 0.7452 Resistance:0.7709, 0.7756, 0.7825 The New Zealand Dollar may be readying to turn lower against its US namesake...

Talking Points: EUR/GBP Technical Strategy: Flat Support: 0.7302, 0.7258, 0.7222 Resistance: 0.7345, 0.7399, 0.7487 The Euro moved higher against the British Pound as expected after producing...

Talking Points: USD/CAD Technical Strategy: Flat Support: 1.2021, 1.1933, 1.1845 Resistance: 1.2156, 1.2286, 1.2397 The US Dollar put in a bullish Morning Star candlestick pattern, hinting a...

EUR/USDThe euro continued its extended rally against the dollar moving to a 10-week high, as Greece offered its most significant concessions since heated negotiations began with its trio of creditors...

For the 24 hours to 23:00 GMT, the AUD weakened 1.16% against the USD to close at 0.7905, reversing its previous session gains.LME Copper prices rose 2.33% or $142.0/MT to $6245.0/MT. Aluminium prices...

For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD to close at 1.2076, on the back of positive economic data in the US.In economic news, Canada’s GDP remained flat on a monthly...

For the 24 hours to 23:00 GMT, the USD declined 0.69% against the CHF and closed at 0.9335.On the macro front, Switzerland’s KOF economic barometer unexpectedly fell to a level of 89.50 in...