Forex Opinion & Analysis

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...

US NFP is the first major release of the year and we expect plenty of volatility following the release. In the event we do get our deviation, it’s important to follow the plan as set forth...

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...

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...

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...

CA GDP is expected to be around 0.4%, and judging from the end of the week market flows, if we get a strong release today, we should see CAD strengthening beyond the 1.10 psychological level, possibly...

EUR/USDThe euro dropped for a second consecutive week versus the dollar for the first time in almost five months on speculation European Central Bank and Federal Reserve monetary policies are...

Coming to the end of the month, it has been a good month indeed with many pips in the making. Had ups and downs, but overall we have had good forecasts through the month. We could go out with a bang...

On Friday, the AUD weakened 0.18% against the USD to close at 0.9252.LME Copper prices rose 1.3% or $86.0/MT to $6667.0/MT. Aluminium prices advanced 1.6% or $27.0/MT to $1709.5/MT.In the Asian...