Forex Opinion & Analysis

AUD business confidence fell slightly by 1pt in Q2 but could be considered as resilient taking into account the tough budget in Q1. Business conditions rose by 1pt in Q2, an improvement from...

Wall Street advanced on Wednesday, sending the Dow Jones to an all-time high. The Federal Reserve said in its Beige Book business survey released on Wednesday, that economic growth was modest to...

With both central banks speaking this week in very dovish tones, the USD/CAD has seen an increase in volatility recently and a breakout of the pennant shape that has formed on the chart is...

The NZ Dollar is looking more and more bearish on the charts as of late, especially after the most recent batch of economic data and commodity results.Yesterday’s CPI data disappointed the...

NZDUSD – Sells Off Heavy From Key Sell Signal and Resistance In the first weekly commentary of this month, we talked about selling just below 8842, intuiting the bulls would take...

GBP/USDOpen 1.7137 High 1.7156 Low 1.7100 Close 1.7135On Wednesday the GBP/USD traded within 55 pip range. The Cable depreciated from 1.7156 to 1.7100 yesterday, in line with the negative money flow...

EUR/USDThe euro fell against the dollar on Wednesday after Federal Reserve Chari Janet Yellen said a day earlier that interest rates could rise sooner rather than later if the labor market improves,...

USD/CHF continues to rise strongly after the recent breakout of the 4-hour Triangle chart pattern that was earlier identified by Autochartist – as you can see from the following trade alert for...

For the 24 hours to 23:00 GMT, the AUD marginally weakened against the USD to close at 0.9366.LME Copper prices rose 0.1% or $9.5/MT to $ 7112.0/MT. Aluminium prices rose 1.8% or $34.5/MT to $...

For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CAD to close at 1.0740.Yesterday, the Bank of Canada in its monthly monetary policy meeting held its benchmark interest rate steady at...

For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.8982.The Swiss Franc lost ground, after the ZEW survey reported that economic expectations in Switzerland declined to...

For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 101.66.Yesterday, the BoJ in its monthly economic report indicated that the output gap between the...

For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.7139, despite data indicating a better than expected employment data from the UK. The unemployment rate in the UK...

For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.3527. Remarks from the Fed Chief, Janet Yellen, continued to support the greenback. In her testimony, Yellen...