Forex Opinion & Analysis

This week, the USD/CAD pair has been under pressure amid poor macroeconomic data from the US and uncertainty over the timing of interest rate increases in the country. The number of initial jobless...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting at 1.1311 after the reversal we anticipated last week. We are looking to work through the Fibs first to 1.1223 then 1.1148 and...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The strongest increase in retail sales in more than a year drove the U.S. dollar sharply higher against all of the major...

It is not too hard to see that the USD is very much on the front foot, and after calls last week that we were undergoing a key reversal in the majors, the turn in EUR/USD has underlined this, having...

FDAX: The DAX remains unstable, switching from short to long very quickly. Currently, we are in a downtrend – medium trend size – where we are in the correction. This correction is near...

Inflation data will dominate over the coming week as the UK and the US will release April CPI figures, while the Eurozone will publish its final CPI readings. The UK will remain in focus with the...

The Australian dollar posted small losses on Friday, continuing the downward movement that marked the Thursday session. AUD/USD is trading slightly below the 0.73 line in North American session. On...

Forex News and EventsUS retail sales to print soft again (by Yann Quelenn) Will US retail sales rebound today? After the very disappointing decline of 0.3% m/m for March, which triggered growing...

There are two currencies that explain the dilemma for current global monetary policy: the JPY and the CNY. Should the US dollar strengthen too much against either currency, the respective central bank...

CurrenciesEUR/USD – yesterday it was still supported by the support around the 1.1375 level, but this morning it has dropped (finally) below this level in the aftermath of the German GDP data....

The GBP/USD reached 1.4530 high yesterday as the Bank of England (BOE) reiterated its view on policy and downgraded its GDP outlook. The GBP/USD is attempting to breakout of the downward trend and the...

The dollar trimmed gains against the other major currencies on Thursday, after data showed that U.S. jobless claims rose unexpectedly last week, fueling concerns over the strength of the job...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.61% against the USD to close at 0.7322. LME Copper prices declined 0.08% or $4.0/MT to $4744.0/MT. Aluminium prices declined 0.96%...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD to close at 1.2840. The Canadian dollar gained ground, after Canada’s new housing price index advanced...