Forex Opinion & Analysis

The EUR/USD remains flat at 1.1220 ahead of PMI data today. The euro was dipping lower on stronger dollar after rising concerns over Fed rate hike in June especially as policy makers claimed that June...

GBP/USD has been trading to the upside last week from 1.4330 so it appears that corrective wave two was a flat especially if we consider recent turn down from 1.4667 highs. Decline is quite sharp so...

CA BOC Interest Rate today is expected to keep rates unchanged as there are very little expectations for any surprises today, although recent wild fire in Canada is definitely not helping any rate...

UK Revised GDP q/q is a second GDP release for the Q1 of 2016 period, and since it is the second release for the same quarter most data have already been made available, it’s less likely to...

US Prelim GDP release is the second release for the 1st quarter of 2016, which is expected to rise from the 0.5% reading on the advanced release. With the Fed taunting of a “live” meeting...

Weekly Large Trader COT Report: Currencies US dollar net speculator positions fell last week to -$4.19 billion The latest data for the weekly Commitment of Traders (COT) report, released by the...

Gold concluded trading for last week under heavy selling pressure with the metal not only recording its third consecutive weekly losses, but also declining towards levels not seen since late April...

AussieWith little in the way of fundamental drivers this week, the Aussie should be at the mercy of USD border moves and investor risk sentiment, as the markets continue to churn on the heightened...

The Forex Week Ahead: May 23rd – 26thMon: EUR – EuroZone PMIs and Consumer Confidence Tue: EUR – German GDP, ZEW Survey, GBP – Public Finances, NZD – Trade Balance Wed:...

The last trading week of the month looks to be quiet (unplanned events notwithstanding). The following Monday the 30th is a market holiday, and then of course that week June begins. And June, between...

USD/JPY fell to as low as 105.54 on May 3rd and just when the picture was beginning to look more and more negative, the bulls decided they have had enough and came back to lift the pair to 110.58 so...

GBP/USD INTRADAY CHART BIAS: There's still support at 1.4464-85 (max 1.4441) to allow gains to resume… Resistance: 1.4522 1.4550-60 1.4590 1.4612Support: 1.4485 1.4464 1.4441 1.4420-25 MAIN...

For the past few days we have seen a rather tense approach to a break level that could reverse the fortunes of the dollar. Friday’s sideways moves in EUR/USD and USD/CHF basically provided a...

The big Pow-Pow taking place in Japan with the G7 (Group of Seven) finance ministers yielded what most of us already expected – no agreement whatsoever.I found Japanese Finance Minister Taro...