Forex Opinion & Analysis

Key fundamental forex events for the week of January 25th through January 29thThe following table lists the key economic data and other events that came out during the week of January 25th through...

US NFP is expected to be around 192K, and with the Fed already regretting hiking rates last December, a sudden drop in employment should cause further rift within the FOMC; or of the opposite is true,...

We'll be getting the Canadian Employment Change release number today but since it’s scheduled at the same time with the U.S. Nonfarm Payroll report, I’d recommend to pay close attention to...

AU Retail Sales release could change the short-term direction of the AUD, but from the lingering sentiment on this week’s RBA rate decision, I would use caution and not get caught on the wrong...

UK BOE Interest Rate Decision will probably not surprise the market today as recent comments by Carney has been clear that the MPC will not hike rates probably until the end of the year…7:00am...

US ISM Non-Manufacturing PMI is a leading indicator and since the US services sector is the majority share of the labor force, a strong release should be positive for USD sentiment as traders...

UK Services Purchasing Manager Index could be another strong release out of UK today. With market paying close attention to news out of UK to determine the short-term direction of sterling, we should...

AU RBA Interest Rate Decision today is unanimously forecast by all analysts (surveyed by Bloomberg) that RBA should keep rates unchanged at 2:00%. In the highly unlikely scenario of a surprise, we...

UK Manufacturing PMI should be a strong market mover if we were to get our tradable deviation. With BOE pretty much discounted any possibility for a rate hike in the upcoming meeting, a stronger...

INTRADAY CHART BIAS: This risks a down-up day Resistance: 121.72-93 122.15-20 122.40 122.62Support: 120.91 120.70 120.46-55 120.00-20 MAIN ANALYSIS: Snafu… I felt we needed another rally...

Key Events This Week: February 1st – February 5thMon: CNY – Manufacturing PMI, GBP Manufacturing PMI, Net Consumer Credit, Mortgage Approvals, USD – PCE, ISM Manufacturing Tue: NZD...

What a blockbuster day Friday was… It has certainly changed the outlook, but probably only temporarily. Where do I start? Well, on Friday morning I called for a correction lower for another...

From December 1978 – September 1984, Fed Funds achieved not only the highest rates seen since 1955 to current day but Fed Funds also remained in first ever double digits from a low at 9.03 to...

EUR/USD: With EUR taking back most of its earlier gains for the week to close marginally higher on Friday, EUR/USD eyes key support at the 1.0710 level. On the downside, support is located at the...