Forex Opinion & Analysis

Asian equities are mildly higher as the week starts on hope of Chinese stimulus, but so far gains are limited. The forex markets are steady in general with mild weakness seen in the Australian dollar...

Soybeans running out of momentum below March highs at 1459/60 this week as we become overbought. Below 1437 is more negative for today and targets 1426/25. If we continue lower look for 1417/16 then...

The Aussie is a little under pressure, headed back below .9235. However, we do have a support area at .9222/10 and we will look to this support today to see if we can maintain gains. Failure of the...

AUD/USD at risk of correction to .9150/40 before push higher for .9345 and aboveHaving hit an interim target at .9265 late last week after the acceleration higher from midweek on the break of the...

EUR/USD – Choppy Week, But Still BearishAfter a choppy last week which saw the pair surge, then sell off 3 days in a row, the pair is holding under a short term role reversal level. If this...

Yet more bearish news from Japan. Industrial Production for the month of February grew 6.9% vs 9.9% expected on a Y/Y basis. M/M basis is even worse, shrinking by 2.3% when a growth of 3.6% was...

We´ll be getting the Canadian Employment Change release number today, but since the market is focused on news out of U.S. (Nonfarm Payroll), this release will probably work only if it is going...

US ISM Non-Manufacturing PMI will be widely monitored, during the Nonfarm Payroll week especially, considering that the Services sector makes up over 70% of the work force, not counting public...

UK Services Purchasing Manager Index will be released today at 4:28am (NY Time) as usual, and judging from the strength in the USD, a weaker than expected release could send GBP/USD below the 1.6500...

AU Retail Sales release today will likely push AUD to a new territory if we get a strong release as the market continues to defy RBA’s verbal intervention. However, on much weaker than expected...

US ADP NFP Employment Change could drive market sentiment in the direction of the release ahead of Friday’s Nonfarm Payroll. With the Fed focusing on fundamentals rather than thresholds, I...

US ISM Manufacturing PMI will probably determine the direction of the USD for the short-term. With Feds now focusing on “qualitative guidance”, a stronger PMI reading should act as a...

UK Manufacturing PMI is a strong market mover for the GBP, especially if we get our tradable deviation. I’ll recommend to follow the trade plan even if there were no sharp initial spikes, the...

AU RBA Interest Rate Decision today will probably not be a surprising one. Most analysts agree that RBA is not likely to change its monetary policy, especially when there are no significant...