Forex Opinion & Analysis

Market Drivers Mar. 14, 2016 Aussie gives in to weak CNY data EZ IP is better Nikkei 1.74% Dax 1.53% Oil $37/bbl Gold $1256/oz Europe and AsiaEUR: IP 2.1% vs. 1.5% eyed North AmericaNo Data The dollar...

The US dollar is firmer but largely confined to the ranges seen before the weekend against most of the major currencies. The yen is also firmer as dollar sellers reemerged near JPY114.00. The dollar...

This week, the scorecard recommends buying NZD, USD and GBP while selling SEK, AUD and EUR.Last week's signals resulted in a 0.4% loss. The next scorecard signals will be sent out on 21 March. To read...

We have exited our short early as Aussie broke the down trendline in mid February, retraced, and shot up in two weeks.Improved risk sentiment and spillover effects from the rise in commodities has...

Chinese growth model welcomes back an old friendCentral bank monetary easing and the knowledge that China has aggressively returned to its investment-led growth model are set to buoy markets today....

Yesterday’s Trading: The first half of Friday saw the euro down against the dollar significantly. However, by the end of the trading session in Europe, everything was back to how it was. The...

After the soft Chinese data over the weekend, AUD and commodities have started relatively stable but in a corrective mood. Equities have performed well before BOJ and the FED, however USD weakness has...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.54% against the USD to close at 0.7569. LME Copper prices rose 0.42% or $20.5/MT to $4941.0/MT. Aluminium prices declined...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CHF and closed at 0.9815. In the Asian session, at GMT0400, the pair is trading at 0.9839, with the USD trading...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.50% against the JPY and closed at 113.71. In the Asian session, at GMT0400, the pair is trading at 113.86, with the USD...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.69% against the USD and closed at 1.4387. In economic news, UK’s consumer inflation expectations index over the next 12 months...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.21% against the USD and closed at 1.1158. In economic news, Germany’s final consumer price index rose in line with investor...

EUR/USDMain scenario:The pair is trading along a downtrend with target on 1.1080, that may be expected to continue while pair is trading below resistance level 1.1215. Alternative scenario:An uptrend...

GBP/USDMain scenario:The pair is trading along a downtrend with target on 1.4285, that may be expected to continue while pair is trading below resistance level 1.4450. Alternative scenario:An uptrend...