Forex Opinion & Analysis

Australian dollar fails to make a significant correction, and the downtrend for AUD/USD persists.At the past week we’ve seen a sharp reversal in the market’s expectations about the policy...

In January, EUR/USD fell to the lowest levels since September 2003. The single currency has reached 61.8% Fibo of the 2000-2008 advance in the 1.12 area. In this zone euro has managed to find some...

Key Fundamental Forex Events and Forecasts for the Coming WeekThe following table lists the key economic data and other events that are due out during the week of February 2nd – February 6th,...

Oil prices rallied 8% on Friday following the sharpest weekly drop in U.S. Oil rig count in nearly 30 years, while the Dollar index ended January with its longest run of gains since the U.S. currency...

Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.5015, which will be followed by reaching resistance level 1.5100...

EUR/USD Main scenario:The pair is trading along an sideways trend.An downtrend will start as soon, as the pair drops below support level 1.1260, which will be followed by moving down to support level...

For several of the currency majors, last week was one of divergence, with the commodity dollar currencies of the Aussie dollar, the Canadian dollar and the New Zealand dollar, all continuing lower and...

Market BriefThe week starts with WTI crude sliding 2.50% after 6% rally on Friday on talks that US Steelworkers Union planning largest strike since 1980 in oil industry; natural gas, gasoline and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 175.92; (P) 177.23; (R1) 178.35; Intraday bias in GBP/JPY remains neutral or consolidation above 175.77 temporary low. We'd expect upside to be limited by...

Already this week, the USD/JPY has declined to a two-week low at 116.928 with increased JPY demand being noticed as a safe-haven asset once again following the latest China HSBC Manufacturing PMI...

EUR/USDToday’s support: -1.1258 and 1.1194(main),where correction is possible. Break would give 1.1182, where correction also may be. Then follows 1.1154. Break of the latter would result in...

KEY DATA RELEASES TODAY (GMT) :0930 GBP Manufacturing PMI exp 52.9 v 52.5 1330 USD Personal Spending m/m exp -0.1% v 0.6% 1330 USD Core PCE Price Index m/m exp 0.0% v 0.0% 1500 USD ISM Manufacturing...

Talking Points: Swiss Franc Drops on Rumors of SNB Targeting 1.05-1.10 EUR/CHF Band Aussie Dollar Gains on Signs of Ebbing Rate Cut Bets Before RBA Meeting Soft ISM Manufacturing Data Hurt US Dollar...