Forex Opinion & Analysis

UK Manufacturing PMI should provide plenty of momentum as it’s the first major release in 2016 that is considered as tradable. Obviously with BOE taking a bit more of a neutral to bearish tone,...

The Australian dollar has tumbled today after weak data out of China and a shock devaluation of the Chinese Yuan raised fears over the health of the world’s 2nd largest economy.AT 8.55pm (GMT)...

US ISM Manufacturing PMI is a leading indicator and as the first major release out of the US in 2016, we should see plenty of market reaction, not mentioning the Nonfarm Payroll factor on...

Sell GBP/USDWith the US having initiated lift-off, USD strength has been most noticeable against the beleaguered British pound which has suffered from severe blows to UK rate-hike expectations. The...

London Forex Report: Volatile Start To 2016 As China Trade HaltedLondon Forex Report: Fed’s vice chairman Stanley Fischer said that “raising interest rates may be the appropriate...

USD/CAD hit new highs at the end of 2015 which has been expected for sometime, after we identified a flat correction in wave 4). We see price now in wave 5), which is a final leg of an impulsive rally...

By all accounts, 2015 was the year of the dollar as the greenback surged against its major counterparts. The dollar was up around 10% versus a basket of trade-weighted currencies, with some of its...

As Saudi Arabia servers tie with Iran, oil price surged sharply in the first trading day of 2016 on Jan 3. WTI slumped to USD 33.98, approaching the lowest price at 33.20 since mid-February 2009. With...

Chinese manufacturers see further deterioration in business conditions, down 10 consecutive months as noted in the latest Caixin China General Manufacturing PMI release.Operating conditions faced by...

Key Events This Week: January 4th – January 8thMon: EUR – German CPI, USD – ISM Manufacturing Tue: EUR – German Unemployment, EZ CPI Wed: USD – ISM Non Manufacturing,...

Gold: With the commodity reversing its previous losses to close lower the past week, gold continues to maintain bear pressure with eyes on 1046.00 zone. While it trades and holds below the 1085/88...

EUR/USD: With a reversal of almost all of its previous week seen the past week, EUR/USD bear pressure builds up on 1.0795 level. On the down, support is located at the 1.0795 level and if violated,...

Under 1,495 -1,50 sell rallies towards 1,4325. Mind the last weekly low around 1,455. On the monthly chart the cable broke a 61,8 Fibonacci support line around 1,495. Although the 200 SMA remains...

The Currency Score Difference analysis is the more extensive explanation on the Currency score analysis which was published earlier this weekend. Besides these analyses and the corresponding charts I...