Forex Opinion & Analysis

Yesterday’s Trading:The euro closed down against the USD on Friday. The price dropped to 1.1282 due to positive US stats. Consumer confidence and retail sales were better than expected. The...

Trading Themes: The US dollar edged higher over a quiet data week boosted by comments Boston Fed President Rosengren, who is generally seen as being part of the Dovish Fed spectrum, noting that the...

While today might be a quiet day with no major news coming out, the rest of the week is full with important news. We have data that will influence the AUD tonight with the RBA meeting minutes and...

USD/JPY is showing limited movement on Monday, as the pair trades just below the 109 line in the European session.On the release front, Japanese PPI came in at -4.2%, missing the estimate of -3.7%....

Good morning to all and a happy week ahead….EUR/USD EUR/USD got rejected at the cloud resistance last week near 1.1450 and gave new lows. The bearish flag projection is targeting 1.12. I...

As credit goes so does ChinaA pullback in credit growth in China in April has caused a similar slowing in retail sales, investment and industrial production according to data released over the...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.72% against the USD to close at 0.7269. LME Copper prices declined 1.77% or $84.0/MT to $4660.0/MT. Aluminium prices declined 1.04%...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.73% against the CAD to close at 1.2934, after US retail sales advanced more-than-expected in April. In the Asian session, at GMT0300,...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.27% against the JPY and closed at 108.63. In the Asian session, at GMT0300, the pair is trading at 108.97, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.55% against the USD and closed at 1.4367, after UK’s seasonally adjusted construction output declined more-than-expected by 3.6%...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.61% against the USD and closed at 1.1309, after the Euro-zone’s seasonally adjusted GDP advanced less-than-expected by 0.5%...

Market Drivers May 16, 2016 Weekend Chinese Data misses Aussie hits 10 week low then bounces Nikkei 0.33% DAX 0.92% Oil $47/bbl Gold $1283/oz. Europe and AsiaJPY: PPI -4.2% vs. -3.7% North AmericaUSD:...

USD/JPYUSD/JPY has been stopped by SMA50 below 109.60, while RSI 14 also has been stopped by the momentum resistance of 50.00. However, the support of 107.90 could provide support to bears from the...

EUR/USD drops after strong US retail sales dataThe euro fell against the US dollar as US retail sales data beat expectations. The EUR/USD lost upside momentum and turned lower after a shooting star...