Forex Opinion & Analysis

A far more aggressive sell off than we had anticipated Friday for a bearish outside weekly pattern to signal a bearish breakout from our 1.2631 and 1.2433 range.The inability to reverse above the down...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.74; (P) 184.71; (R1) 185.46; Outlook in GBP/JPY remains unchanged. With 181.09 minor support intact, further rally is still expected for 190 psychological...

EUR/USDThe euro was sharply lower against the dollar on Friday after comments by European Central Bank President Mario Draghi indicated that it is moving closer to implementing quantitative easing...

On Friday, the AUD strengthened 0.55% against the USD to close at 0.8665.In China, Australia’s biggest trading partner, the PBoC surprisingly cut its benchmark interest rates for the first time...

On Friday, the USD declined 0.64% against the CAD to close at 1.1237. The CAD gained ground following upbeat inflation data from Canada.Canada’s consumer prices unexpectedly rose 0.1% on a...

On Friday, the USD rose 1.21% against the CHF and closed at 0.9701.In economic news, Switzerland’s M3 money supply advanced 3.4% on an annual basis in October, following a similar rise recorded...

On Friday, GBP fell 0.28% against the USD and closed at 1.5647.In economic news, the UK’s public sector net borrowing registered a surplus of £7.1 billion in October, compared to a revised...

On Friday, EUR declined 1.22% against the USD and closed at 1.2388, after the ECB Chief, Mario Draghi reiterated that the central bank stands ready to expand its asset purchases, if inflation...

US New Home Sales measures the new homes sales market and with the Feds now paying attention to various indicators along with Employment and Inflation, a strong demand in the housing sector could...

UK Revised GDP q/q is a second GDP release for the Q3 of 2014, and since it is the second release for the same quarter most data have already been made available, it’s less likely to surprise...

US Prelim GDP release is the second release for the 3rd quarter of 2014, which has been beating analysts’ expectations; if the trend were to continue today, especially considering that we are...

CA Core Retail Sales figure could stir up some market volatility today, especially after last week’s CAD CPI which put BOC (Bank of Canada) at a sensitive position. A stronger release would...

USDJPY – Attempting to Form a Bullish Base (1hr chart) Fairing better than most JPY pairs, which all got hammered to end last week, the USDJPY has been forming a short term bullish base around...