Forex Opinion & Analysis

On Friday, the AUD strengthened 0.37% against the USD to close at 0.9378, following downbeat non-farm payrolls data from the US.In economic news, the RBA reported that the foreign reserves surplus in...

On Friday, the USD is trading flat against the CAD to close at 1.0882.In economic news, Canada’s unemployment rate in August remained unchanged from the previous month at 7.0%. However, the...

On Friday, the USD declined 0.14% against the CHF and closed at 0.9314. The Swiss Franc gained ground, after the Swiss industrial production grew at a faster rate, increasing 3.1%, on a quarterly...

On Friday, the USD weakened 0.28% against the JPY and closed at 105.09. Japan’s leading economic index advanced to 106.5 in July, compared to a reading of 105.9 in the prior month, while the...

On Friday, GBP traded marginally higher against the USD and closed at 1.6326, after the BoE’s latest survey raised its UK consumer inflation expectations for the next 12 months to 2.8%, from...

On Friday, EUR rose 0.12% against the USD and closed at 1.2951, after in Germany, Euro-zone’s biggest economy, the industrial production rose 1.9%, on a monthly basis, in July, marking its...

RBNZ Interest Rates decision today is expected to stay at 3.50%; with the USD gaining traction and the fact that RBNZ is unlikely to hike rates due to recent disappointing economic releases, we should...

Australia 200 for Monday, September 8, 2014For the last couple of weeks the Australian 200 Index has traded in a narrow range between 5600 and 5650 although it enjoyed a small excursion when it...

BIAS: We should see a correction higher to 1.6280-1.6307 before lower againResistance:     1.6226     1.6250     1.6280-85   ...

It’s always difficult following a sharp move that has nothing more than minor corrections, to be able to have great clarity over the next move. However, by being patient, the minor corrections...

The USD/JPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50, as long as the trend line support holds, the fall from 105.70 could be treated as consolidation of...

Judging by the action on Friday, I believe that the euro still has plenty of bearish pressure facing it, as even with a less than stellar jobs number out of the United States, the Euro simply could...

Key Fundamental Forex Events for the Week of September 1st through September 5th The following table lists the key economic data and other events that came out during the week of September 1st...

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and forex speculators increased US...