Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD rose 0.56% against the CHF and closed at 1.0294. In the Asian session, at GMT0400, the pair is trading at 1.031, with the USD trading 0.15% higher from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.17% against the JPY and closed at 122.82. In the Asian session, at GMT0400, the pair is trading at 122.74, with the USD trading marginally lower...

For the 24 hours to 23:00 GMT, the GBP fell 0.37% against the USD and closed at 1.5046. In economic news, the second estimate of UK’s GDP rose as expected by 0.5% QoQ in 3Q 2015, compared to a...

For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.0600. In economic news, Euro-zone’s consumer confidence index rose unexpectedly to a level of -5.9 in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.14; (P) 184.72; (R1) 185.20; Intraday bias in GBP/JPY remains on the downside for the moment. Consolidation pattern from 180.36 has completed at 188.79....

AU Retail Sales release is usually a high impact release, but with NFP scheduled just the next day, I’d use caution and stay out of the market unless we get strong reaction from the...

ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45am then followed with a press conference at 8:30am. Current market expectation for ECB is that we’ll see further easing...

UK Services Purchasing Manager Index could be another mover for sterling this week. With BOE no longer expected to hike rates, a stronger release will probably not move the market much, but on a...

US ADP NFP Employment Change is usually a good indicator for Friday’s Nonfarm Payroll release; with end of the year hiring distorting the overall figure, I’d expect an upward surprise...

US ISM Manufacturing PMI is a leading indicator especially in a Nonfarm Payroll week, as positive/negative surprises tend to change market sentiment all the way to Friday’s release.Here's the...

UK Manufacturing PMI should provide some momentum for sterling, and with liquidity thinning down as we come to the end of the year, we are likely going to see some volatility if we were to get a...

AU RBA Interest Rate Decision is unanimously predicted to remain the same at 2:00%. However, with recent rhetoric leaning bearish, I wouldn’t be surprised if RBA decides to cut rates...

In USD/JPY analysis at first I would like to discuss H4 timeframe. After the shake-out which was also a stopping volume for mark-down movement, the price started to move sideways within trading...

As the euro continues to drift lower, it has become the accepted wisdom that we are headed for parity with the dollar. Source: barchart.com Indeed it is widely expected that the ECB will expand its...