Forex Opinion & Analysis

The U.S. dollar eased against its major counterparts on Friday, amid fading expectations of a Federal Reserve rate hike in the next couple of months and as markets continued to evaluate the...

The Australian dollar opened sharply lower on Monday after the results so far from Saturday’s federal election in Australia have pointed to no clear winner. With more than two-thirds of the...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.62% against the USD to close at 0.7492. LME Copper prices declined 0.90% or $43.5 /MT to $4783.5 /MT. Aluminium prices rose 0.61% or $10.0 /MT to...

Last week the British pound consolidated versus the US dollar after a big selloff in the previous week.GBP/USD failed to settle above 1.3500 and didn’t close the gap. The problem is that the...

For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CAD to close at 1.2908. In the Asian session, at GMT0300, the pair is trading at 1.2898, with the USD trading 0.08% lower against the...

For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CHF and closed at 0.9732. In economic news, Switzerland’s real retail sales fell 1.6% YoY in May, following a revised 2.2% drop...

For the 24 hours to 23:00 GMT, the GBP fell 0.23% against the USD and closed at 1.3283. In economic news, UK’s Markit manufacturing PMI unexpectedly rose to a level of 52.1 in June, notching...

For the 24 hours to 23:00 GMT, the EUR rose 0.32% against the USD and closed at 1.1133, following the release of robust manufacturing PMI data from the Euro-zone and Germany. Data showed that the...

AU RBA Interest Rate Decision today is likely to keep rates unchanged but the next direction for RBA is surely a cut rather than hike. Considering the aftershocks from Brexit, RBA will probably do a...

UK Services Purchasing Manager Index could be another strong release out of UK today. With Brexit in focus for the past couple of weeks, today’s release may bring UK back into the spotlight and...

US ISM Non-Manufacturing PMI is a leading indicator and especially important when scheduled before the Nonfarm Payroll, so we should see plenty of market reaction especially if this figure turns out...

US ADP NFP Employment Change is a preview to the all famous Nonfarm Payroll Report on Friday, as both releases are closely correlated. If we get a strong release today, we should expect the same to...

We'll be getting the Canadian Employment Change release figure today but since it is released at the same time with the US Nonfarm Payroll, I suggest to focus on that release because the whole forex...

US NFP is expected to be around 181K, and with the Fed not likely to do anything until we get at least a few above 150K releases in a row, today’s release may not bring any long-term change for...