Forex Opinion & Analysis

The AUD GDP q/q is a quarterly release, thus it is more likely to surprise and is therefore more tradable. The GDP on June 3 could provide momentum to the AUD, especially if the figure were to...

The Australian RBA Interest Rate Decision on June 3 will probably not be a surprise as most analysts agree that RBA will keep rates unchanged and release an almost identical statement compared to the...

Australian Retail Sales release today will be important catalyst for the AUD, especially with the RBA currently in a neutral stance. A strong release should push the AUD/USD up to the next level, but...

US ISM Manufacturing PMI will probably determine the direction of the USD for the short-term, especially during a Nonfarm Payroll week. With the market shifting its focus on fundamental releases, any...

UK Manufacturing PMI is a strong market mover for the GBP, but since the BOE has not signaled any accelerated rate tightening policy, economic reports such as the PMI will serve as a strong catalyst...

Cable is looking strong short term. We are currently above the 23.6 short term Fib located at 1.6737 and the stochastics on the 60 min charts have turned bullish from quite low levels...This should be...

End of a months and looking forward to a new month ahead! We seem to have a had a moderate forecast for Friday with 4 out of the 7 pairs conforming to our forecast. The GBP/USD, USD/CAD, AUD/USD and...

Talking Points:EUR/USD Technical Strategy: Short at 1.3654 Support: 1.3561 (61.8% Fib ret.), 1.3459-76 (Feb 3 low, 76.4% Fib ret.) Resistance:1.3643 (50% Fib ret.), 1.3726 (38.2% Fib ret.) The...

Talking Points:GBP/USD Technical Strategy: Flat Support:1.6694 (“axis” line), 1.6559 (38.2% Fib ret.) Resistance:1.6822 (trend line), 1.6920 (May 21 high) The British pound looks...

Talking Points:USD/CAD Technical Strategy: Flat Support: 1.0813-22 (May 8 low, 50% Fib exp.), 1.0803 (trend line), 1.0793 (61.8% Fib exp.) Resistance: 1.0850 (38.2% Fib exp.), 1.0874-85 (trend...

Talking Points:AUD/USD Technical Strategy: Short at 0.9328 Support: 0.9201 (channel floor, 23.6% Fib exp.), 0.9041 (38.2% Fib exp.) Resistance: 0.9361 (channel top), 0.9408 (May 14 high) The...

As price has drifted lower, the bearish momentum in USD/CAD has reduced significantly. Whilst not a buy signal yet, it is one to keep in your watchlists.Below you may find the video

The ECB meeting this Thursday, June 5 is highly anticipated, as it will be indicative of monetary policy going forward. I found this especially interesting in light of the technical pattern currently...

Friday went a long way to resolving some minor conflicts. The adjustment required in EUR/USD was counter-intuitive with USD/CHF. Although I wondered whether the latter could have retained my count, it...