Forex Opinion & Analysis

Much of BNP Paribas' (PARIS:BNPP) analysis over the past year has been focused on modifying the standard relative nominal yield framework for FX to account for unconventional central bank easing."We...

Good morning. Hope all is well! We seem to have had a good forecast for yesterday with a 71% accuracy. US dollar was sidelined while Japanese yen had weakened. British pound, Canadian dollar pairs are...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. 3 Reasons Why EUR Broke 1.07 Dollar Extends Gains, IMF Warns of Bumpy Ride Ahead CAD: Beware of Employment Report NZD: PM Key...

I had thought that the US could correct lower after the disappointing jobs data, given the large speculative long position evident in the futures market. Wrong. The euro has broken down and is at...

In Wednesday’s FOMC Minutes instant reaction, we used the analogy of Goldilocks and the Three Bears to describe Fed officials diverse views on whether the economy is running “too...

AUD/CAD is one of those pairs where it's often best to trade in and out in rather quick succession. It has a habit of retracing its footsteps faster than most currency pairs.After a rally that has...

Making their way through the penultimate day of the trading week, investors are still trying to digest yesterday’s confusing FOMC minutes and the dollar is mixed as a result. Meanwhile, the...

Currently we are at 1.4174 but in an unsustainable trend. We are looking for a correction and then a continuation to the 0.618 Fibo support area at 1.4089 with an overall target at 1.3906. The average...

As we expected, the Monetary Policy Committee (MPC) voted to maintain the Bank Rate and the stock of purchased assets at 0.50% and GBP375bn, respectively. When the minutes are published on 22 March,...

No surprise from the FOMC minutes, USD recoversThe March 17-18 FOMC meeting minutes did not surprise us yesterday. With the dovish shift in Fed policy being already priced in, yesterday’s...

USD/JPY Open 120.17 High 120.39 Low 119.63 Close 120.11 On Wednesday Dollar/Yen decreased with 70 pips. The currency couple depreciated from 120.35 to 119.63 yesterday, not matching the positive money...

StrategyThe USD rally paused following the March Fed meeting, as the FOMC voiced concern over the recent downside surprises in US data. We think the time has now come for another leg lower....

Today’s Binary Options Trading Strategy:• Currency Pair: GBP/USD • Timeframe: H4 (Hourly Chart) • Binary Option Trading Recommendation: Seek binary call options on dips below...