Forex Opinion & Analysis

EUR/USD The euro consolidates above the fresh low at 1.3704, posted last Friday, where the fall met its Fibonacci 76.4% expansion of the third wave off 1.3874, 24 Mar lower top. The second consecutive...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.99; (P) 170.64; (R1) 171.75;The recovery from 167.77 is still in progress and further rise could be seen. But again, price actions from 174.84 are viewed as...

EUR/USDRisk reward: 1.50Trend: UpBuy at 1.3745 SL 1.3713 TP 1.3793USD/JPYRisk reward: 2.09Trend: UpBuy at 102.79 SL 102.47 TP 103.46GBP/USDRisk reward: 1.37Trend: UpBuy at 1.6627 SL 1.6595 TP...

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...

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...

ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45am then followed with a press conference at 8:30am. The most important part of the rate decision is the Press Conference, so...

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...