Forex Opinion & Analysis

Deflation is portrayed as the great economic scourge. It exacerbates debt servicing costs and encourages consumers to defer purchases. Central banks in Japan and Europe have responded with...

USD/JPYWith the pair taking back its Monday losses to close higher on Tuesday, further upside pressure is now underway. This development leaves the pair targeting the 114.86 resistance zone. On the...

After strong gains on Tuesday, USD/CAD is steady in Wednesday’s European session. The pair is currently trading at 1.3460. On the release front, we’ll get a look at key US job numbers,...

Market Drivers Mar. 2, 2016 AU GDP Blows past estimates UK PMI Construction weaker Nikkei 4.11% Dax 0.12% Oil $33/bbl Gold $1231/oz Europe and AsiaAUD: GDP 3.0% vs. 2.5%GBP: UK PMI Construction 54.2...

EUR/AUD - lowest level in two months Declines accelerated after EUR/AUD broke below support at 1.5270. Today price tested next support at 1.5000, but currently there are no signs that declines may...

The EUR/USD pair has broken its upward channel on a 4 hour time frame. The price is trading below its downward trend line and this is a confirmation that the bias is skewed towards the downside. We...

Market headlines on Wednesday are currently dominated by the world’s largest asset manager, BlackRock providing a stern warning to investors that the UK economy is going to suffer heavy...

The euro continues to show limited movement on Wednesday. EUR/USD is trading at 1.0860 in the European session. On the release front, eurozone PPI dropped by 1.0%, higher than the estimate of a 0.9%...

Bank of China moves do not spur economic growth so farBank of China lowered its reserve requirements to the commercial banks on Monday for the 5th time in the last 12 months. It also cut the credit...

Market BriefThe Australian dollar jumped sharply in Sydney as it got a fresh boost from better-than-expected 4Q GDP release. The Australian economy grew 3.0%y/y in the fourth quarter of 2015, beating...

USD/JPYUSD/JPY has soared as anticipated in the U.S. session updates published yesterday where it succeeded in hitting 114.00 levels after clearing 113.25 zones earlier. Stability above SMA20-green-...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.93; (P) 158.22; (R1) 160.31; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...

London Forex Report: Despite the slew of weak manufacturing prints, markets appeared to be lifted by continued rebound in oil prices. We saw broad-based softening in Markit and Nikkei manufacturing...

EUR/AUD moved down to 1.5000 level as expected, so some may think that pair can be bottoming. Well, a closer look of the wave count on the hourly chart looks like an ongoing impulsive decline in wave...