Forex Opinion & Analysis

On Monday, the US dollar came under pressure after the weak NY Empire Manufacturing index release. The figure came out at its worst level in 6 years, confirming the strong dollar’s negative...

During the past week, US dollar showed moderate gains versus other major currencies.On the one hand, the market sees a higher and higher possibility of the Federal Reserve’s rate hike in...

The proof is in the pudding, well it is in the globalized failing of quantitative easing. Abeconomics is no different. Japan Prime Minister Shinzo Abe will continue to feel pressure as his "three...

With all the excitement surrounding the shock CNY devaluation, GBP has remained largely side-lined recently. Investors also seem reluctant to keep sizeable exposure to GBP after the dovish surprise...

GBP/USD: Loses Upside Momentum, WeakensGBP/USD: GBP reversed its Friday gains during Monday's trading session, and the risk is more weakness could occur. While holding below its cluster of resistance...

Forex volatility risks remain low, point to slow market moves Our data suggest the average retail trader does well in these conditions We favor range-trading strategies until further notice Low forex...

Risk averse sentiment dominated throughout the trading session, with the ongoing concerns over the future growth prospects in China, together with less than impressive macroeconomic data from the US,...

August 10th’s announcement by China that it would “devalue” the yuan (also called the renminbi), caught markets and us by surprise as China had been keeping its currency within a...

Recent data showed that Chinese exports declined by a remarkable 8.30 percent, far greater than the expected 1.50 percent fall, which triggered the Chinese government to act immediately (and...

Japan: Signs of RecessionLet us consider the USD/JPY currency pair on the daily chart. Today there was released the Japanese GDP in the third quarter. Adjusted for inflation it made -0.4%. The...

This week the scorecard recommends buying AUD, JPY and USD while selling SEK, NOK and CAD.Last week's signals resulted in a marginal positive gain. Especially the short EUR was expensive, but losses...

Currently NZD/JPY is at 81.64 in a range. We are looking for a continuation of the slope resistance area at 82.11 (possible turn down here) with an overall target at 83.00. The average daily true...

Yuan devaluation drama subsides China not seeking a currency war Investors looking for US rate hike clues BoJ in focus after disappointing GDP Now that the initial drama of the yuan devaluation has...

The stabilization of the Yuan has encouraged a positive start to the week for the markets, despite the price of WTI continuing to record new milestone lows. Although the Yuan volatility has calmed...