Forex Opinion & Analysis

Market Drivers June 06, 2016 Cable tumbles on Brexit polls Markets tread water ahead of Yellen Nikkei -0.37% Dax 0.30% Oil $49/bbl Gold $1243/oz. Europe and AsiaAUD: Job adverts 2.4% vs. -0.8% North...

Trading Themes: Building expectations for a possible June rate hike were sharply unwound last week in the wake of a shockingly low Nonfarm Payrolls print for May, which printed at just 38k vs the...

London Forex ReportUS nonfarm payrolls came in at a mere 38k in May (April: revised to 123k) as mining sector continued to shed jobs and a strike caused job losses in the telecommunication sector. The...

EUR/USD is subdued on Monday, following very sharp gains in the Friday session. The pair is trading at 1.1357. On the release front, it’s a quiet start to the week. German Factory Services...

The AUD Trade to Start the WeekAs another trading week starts, Ridge Capital Markets is taking a look at economic events and investor opportunities that this week brings. In between the many factors...

Previous:On Friday we had a disappointing labor market report from the US. Job creation in the non-farming sector of the country increased in May by just 38k, whilst it was expected to rise by 160k....

The dollar dropped to three-week lows against a basket of its major peers on Friday, after the release of weak U.S. data dampened optimism over the strength of the economy and lowered expectations for...

For the 24 hours to 23:00 GMT, the AUD strengthened 1.99% against the USD to close at 0.7366. LME Copper prices rose 1.91% or $88.0/MT to $4688.0/MT. Aluminium prices declined 1.03% or $16.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 1.41% against the CHF and closed at 0.9758. In the Asian session, at GMT0300, the pair is trading at 0.9765, with the USD trading 0.07% higher from...

For the 24 hours to 23:00 GMT, the USD weakened 2.02% against the JPY and closed at 106.62. In the Asian session, at GMT0300, the pair is trading at 106.75, with the USD trading 0.12% higher from...

For the 24 hours to 23:00 GMT, the GBP rose 0.71% against the USD and closed at 1.4514. In economic news, UK’s Markit services PMI advanced above expectations to a level of 53.5 in May, from a...

For the 24 hours to 23:00 GMT, the EUR rose 1.84% against the USD and closed at 1.1353. In economic news, the Euro-zone’s final Markit services PMI surprisingly rose to a three-month high level...

EUR/USD: Target Raised To 1.1490, Profit Locked In At 1.1240Nonfarm payrolls increased by only 38k jobs last month, the smallest gain since September 2010. Employment gains were also restrained by a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.66; (P) 155.46; (R1) 156.36; GBP/JPY's decline from 163.87 extends today and breaks 153.64 support. The development suggests that consolidation pattern...