Forex Opinion & Analysis

On Friday, the USD declined 0.11% against the CAD to close at 1.0894, following upbeat labour data from Canada. The unemployment rate in Canada unexpectedly dropped to a level of 7.0% in July, lower...

On Friday, the USD declined 0.34% against the CHF and closed at 0.9036.In the Asian session, at GMT0300, the pair is trading at 0.9027, with the USD trading 0.1% lower from Friday’s close.The...

On Friday, the USD weakened 0.09% against the JPY and closed at 102.39.In the Asian session, at GMT0300, the pair is trading at 102.28, with the USD trading 0.11% lower from Friday’s close.The...

On Friday, GBP marginally rose 0.18% against the USD and closed at 1.6716, as the British economy maintained its momentum in the second quarter of 2014, registering a 0.8% quarterly growth in the...

On Friday, EUR rose 0.20% against the USD and closed at 1.3390. The greenback lost ground after the consumer sentiment in the US unexpectedly fell to 9-month low in August. The Michigan Consumer...

EUR/USDRisk reward: 1.50Trend: DownSell at 1.3398 SL 1.3430 TP 1.3350USD/JPYRisk reward: 1.47Trend: UpBuy at 102.28 SL 101.96 TP 102.75GBP/USDRisk reward: 1.94Trend: DownSell at 1.6735 SL 1.6767 TP...

UK Retail Sales is expected to come in at 0.4% and we’ll be looking for a deviation of 0.5%. Considering that GBP is in a consolidation phase, unless we get a significantly stronger than...

UK MPC Meeting Minutes will be the first time for the market to get a glimpse of what took place during the MPC meeting two weeks ago. With BOE significantly changing its tone since the release of the...

UK CPI y/y release could provide support to the Sterling if we were to get a stronger than expected release; considering that recent economic releases have effectively pushed back rate hike...

The pound has outperformed its major counterparts over the past year as investors price in the sustained, and broad based recovery for the UK economy. A more optimistic outlook has led to traders...

With Yellen and Stevens due to speak this week, along with minutes released by FOMC and RBA then the odds favour increased volatility. Hopefully we will be treated with a directional move...

Key Events:ALL: Jackson Hole Symposium AUD: Monetary Policy Meeting Minutes; RBA Stevens speaks; CB Leading IndexCAD: Wholesale sales m/m; Core CPI; Core Retail Sales; CHF: Trade BalanceCNY: HSBC...

Talking Points:US Dollar Technical Strategy: Holding Long Support: 10554, 10536, 10508 Resistance:10582, 10606, 10629 The Dow Jones FXCM US Dollar Index turned lower as expected, completing a...

Gold – Closed Bearish on Friday, But Strong Rejection After meeting the typical 8am EST gold smackdown where the precious metal is hammered without mercy, the precious metal was forming a...