Forex Opinion & Analysis

During the past 10 days or so, there was the rare opportunity to hear the decisions of some of the world’s most important central banks within days of each other. The European Central Bank, the...

New York Forex Report: A quiet start to the final trading day of the week as an absence of tier one data over the European morning leaves markets consolidating ahead of the final data for the week.The...

Yesterday the pair continued growing amid weakness in the USD that was pressured by unexpectedly pessimistic commentaries from the Fed last Wednesday. The regulator lowered its own forecasts of the...

In our work, we have argued that the dollar is having its third significant rally since the end of Bretton Woods. The first rally was associated with Reagan though it began under Carter and followed...

NZD/USD has slight losses on Friday, as the pair trades at the 0.68 line in the North American session. In economic news, today’s highlight is UoM Consumer Sentiment, with the markets expecting...

USD/JPY is steady on Friday, as the pair trades at 111.50 in the North American session. On the release front, the BoJ released the minutes of its January policy meeting. There are no Japanese...

GBP/CADSince the beginning of the March GBP/CAD moved up in correction. Rebound wasn't very strong because upward movement didn't reach even to Fibonacci 38.2% level. Correction finished on Wednesday...

Market Drivers March 18, 2016 German PPI cooler than expected Dollar buying kicks in Nikkei -1.25% Dax 0.04% Oil $40/bbl Gold $1255/oz Europe and AsiaEUR: GE PPI -0.5% vs. -0.3% North AmericaCAD: CPI...

The past 24 hours have been a difficult period for the Japanese central bank as they appear to be caught like a deer in the headlights as the dollar continues to depreciate against the yen....

One messy marketWe wrote a week ago that markets were a bit of a mess following the European Central Bank’s actions of last Thursday – euro flying higher, a dollar starting to crack and...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.36% against the USD to close at 0.7646. LME Copper prices rose 1.70% or $84.0/MT to $5029.0/MT. Aluminium prices rose 0.57% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.05% against the CAD to close at 1.2988. In economic news, Canadian wholesale sales remained flat on a monthly basis in January,...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.09% against the CHF and closed at 0.9673. Yesterday, the Swiss National Bank (SNB) held benchmark interest rate steady at -0.75%, in...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 1.18% against the JPY and closed at 111.39. Yesterday, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda, indicated that domestic...