Forex Opinion & Analysis

Talking Points:• China's unexpected yuan devaluation move seems to have had more impact on global markets than its own. • AUD/USD, AUD/JPY and other Aussie dollar crosses reversed on the...

Talking Points:The PBOC announced a 1.9 percent devaluation of the Yuan reference rate An exchange rate adjustment may not prove the same stabilizing effect as it had 20 years ago Immediately after...

Trading the News: Australia Wage Cost IndexA pickup in Australia’s Wage Cost Index may keep the Reserve Bank of Australia (RBA) on the sidelines and prompt a larger rebound in AUD/USD as it...

Chinese Currency Devaluation:China’s Central Bank, the People’s Bank of China (PBOC) yesterday weakened it’s currency by 1.9% to it’s lowest level in more than 2 decades. The...

NZD/JPYWe are looking at a possible bullish pattern on the NZD/JPY and as such we would like the price to test right around to 81.00 handle to consider going long for an initial 81.6X run with...

Mark your calendar at August 11, 2015 as the day the USD/CNY reversed its multi-year trendThe Factor Service, which is unabashedly committed to chart analysis, makes some very bad calls under our...

AUD/USDRally to 0.7439 ended wave (X). Wave ((w)) decline from this level and is unfolding in a zigzag structure, where wave (a) ended at 0.73, wave (b) ended at 0.7356, and wave (c) of ((w)) is in...

USD/CAD: With the pair reversing its Monday losses on Tuesday to lose strongly higher, it now faces further move higher towards its key resistance at 1.3212 level. We may see price hesitation at that...

The US Dollar Index (equally weighted basket of USD versus EUR, JPY, GBP and AUD) has had several good chances to breakout over the past few weeks, but has failed at every opportunity. In our view,...

Today saw the PBoC take centre stage as the central bank devalued the CNY against the USD by the most on record in response to flagging exports and wishes by China for the CNY to be eligible for IMF...

As they pulled up their morning news feeds and charts, many US traders received a big jolt upon seeing the latest moves by the People’s Bank of China (PBOC). The central bank for the...

Talking Points· Euro surged higher recently, not only against the US dollar, but also against the Japanese yen. · EUR/JPY traded above the ¥138.00 resistance area, which is a...

Key Highlights · US dollar, after a sharp decline towards 1.3000 against the Canadian dollar, climbed higher, but faces major resistance on the upside. · Canadian housing starts released...