Forex Opinion & Analysis

AU Employment Change release could provide the volatility needed to push AUD to the next level. With RBA staying neutral at the moment, a strong release today should drive the market.9:30pm (NY Time)...

The AU Retail Sales release today will likely change the short term direction of the AUD if we get a strong release as the market is stuck between a neutral RBA monetary policy and drop in...

UK Services Purchasing Manager Index will be released today at 4:30am (NY Time) as usual, and judging from recent positive news out of the US (NFP), if we were to get a miss today, GBP could face...

AU RBA Interest Rate Decision today will once again not be a surprise as most analysts agree that RBA is unlikely to change its monetary policy, especially when there are no significant improvements...

US ISM Non-Manufacturing PMI will be a high impact release for this Monday, but since it is scheduled after the US Nonfarm Payroll, we probably won’t see the kind of market reaction usually...

Friday's NFP Key reversal and subsequent break below 102 support suggests a 'right shoulder' has formed in the USD/JPY:

AUD/USDOver the last couple of weeks or so the Australian dollar has fallen back down below the 0.93 level and has settled trading within a very narrow range just below the level. In doing so it has...

EUR/USDThe last week or so has seen the euro do little except trade within the current trading range between 1.38 and 1.39 as it continues to place pressure on the resistance at 1.39.  The 1.38...

Well, it seems to be a bit like that. NFP days always promise all the joys of a roller coaster ride and Friday certainly provided the outcome. Out of all it was AUD/USD that performed with dignity and...

The USD/JPY chart below illustrates what happened after Friday's suprising NFP report from the US economy, which suggested that the US economy added 288,000 jobs (according to the Establishment...

Fundamental Forecast For euro: Neutral The EUR/USD’s low volatility slumber may finally be ending in the wake of a very mixed US Nonfarm Payrolls report. The EUR/USD may be on the...

US Dollar Fails to Rally on Great Payrolls Data, Remains a SellA sharply better-than-expected US Nonfarm Payrolls report wasn’t enough to keep the Dollar from falling versus major FX...

USD/JPY (daily chart shown below) is once again attempting to rise from a key support trend line that extends back to the 93.77 low in mid-2013.Friday’s climb that occurred early in the US...

The major currencies continue to trade in fairly narrow ranges. The persistence of lackluster activity renders our trend identification, momentum, and positioning tools less useful.The ECB meeting in...