Forex Opinion & Analysis

EUR/USDDraghi policies have encouraged investors to bid up European assets from bonds to stocks and avoid cash. They’ve added $43 billion to European mutual and exchange-traded funds traded in...

The Sterling maintains recent momentum and edges higher broadly as the week starts. BoE deputy governor Bean said he'd welcome the "symbolic step" of rate hike as that would be "an indication that we...

Canadian Core Retail Sales, due for release on June 20, is a very tradable report for the CAD, and with the geopolitical tension in Iraq and the Ukraine-Russia crisis, CAD should remain well...

Canadian Core CPI is expected to be at 0.2% and we’ll be looking for a deviation of 0.3% in order to trade. Remember that the Core Retail Sales report is also scheduled to be released at the...

UK Retail Sales is expected to come in at -0.5% and we’ll be looking for a deviation of 0.5%. Considering that the BOE has hinted for a rate hike before the end of 2014, a stronger Retail Sales...

NZ GDP q/q is a quarterly release and may impact the market greatly, especially now with RBNZ officially stating that future rate hikes will be data dependent. Consequently, a strong release on June...

The US FOMC Interest Rate decision on June 18 is the main focus for the week. The Fed is likely to focus on recent economic data, especially the housing sector where the pace of recovery has stalled....

The 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 Governor Carney hinting at a possible rate hike...

The UK CPI y/y release on June 17 could drive the GBP/USD above the 1.70 level if we were to see a stronger than expected release. With the BOE signaling rate hike in 2014, GBP should remain well...

Our previous forecast on Thursday seems to have been good one with four of our pairs conforming to our predictions. The EUR/USD, USD/CAD, USD/CHF and NZD/USD were very close to what we had thought...

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

A technical look at the USD crosses to highlight key points and COTS positioning.Below you may find the video

Talking Points:GBP/USD Technical Strategy: Flat Support:1.6960 (50% Fib exp.), 1.6897 (38.2% Fib exp.) Resistance:1.6996-1.7023 (May 6 high, 61.8% Fib exp.), 1.7102 (76.4% Fib exp.) The British...

Talking Points:EUR/GBP Technical Strategy: Flat Support: 0.7955 (61.8% Fib exp.), 0.7908 (76.4% Fib exp.) Resistance:0.7992 (50% Fib exp.), 0.8030 (38.2% Fib exp.) The British pound continues its...