Forex Opinion & Analysis

Exchange rate policy in China continues to dominate markets. The yuan has once again been allowed to weaken overnight by another 1.6% at the time of writing, with the offshore contract, which is more...

USD/JPYWe discussed yesterday that the pair should affirm breaching 125.00 psychological without signs of trend exhaustion to make sure that the bullishness will continue. The negative divergence on...

EUR/USDEUR/USD moved slightly higher on Tuesday, as China spooked foreign exchange markets worldwide with an unexpected devaluation of the yuan, sparking concerns of a potential global currency war....

The dollar fell against most major currencies on Tuesday, after data showed that U.S. unit labor costs rose more than expected in the second quarter, while non-farm productivity came in below...

On August 12th, according to the meeting report of July released by Bank of Japan, easing policy is supported by committee of BOJ, which can guarantee the upward trend of inflation until its rate is...

The Chinese yuan fell again for a second day on Wednesday as the People’s Bank of China lowered the midpoint by a further 1.6% to 6.3306 per dollar. The yuan dropped to a 4-year low as it...

Bearish Run of Australian Dollar (AUD) Starts with Economic Data from ChinaWeak data arrived from China over the weekend, disappointing expectations as the year-on-year exports in particular reported...

The euro is preparing for further falls in the days ahead as it faces the wrath of a strongly bearish resistance trend line and a negative market sentiment. This is despite news that Greece has agreed...

For the 24 hours to 23:00 GMT, the AUD weakened 1.31% against the USD to close at 0.7316. LME Copper prices declined 0.19% or $6.0/MT to $1547.0/MT. Aluminium prices declined 0.19% or $10.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.69% against the CAD and closed at 1.3101. The seasonally adjusted housing starts in Canada dropped more than expected to 193.00 K in July and notched its...

For the 24 hours to 23:00 GMT, the USD rose 0.5% against the CHF and closed at 0.9885. In the Asian session, at GMT0300, the pair is trading at 0.9867, with the USD trading 0.18% lower from...

For the 24 hours to 23:00 GMT, the USD rose 0.4% against the JPY and closed at 125.06. The Yen lost ground after preliminary figures reported that machine tool orders in Japan rose only 1.60% YoY in...

For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.5583. In the Asian session, at GMT0300, the pair is trading at 1.556, with the GBP trading 0.15% lower from...

For the 24 hours to 23:00 GMT, the EUR rose 0.26% against the USD and closed at 1.1046, as Greece clinched its third bailout and after Eurozone’s current situation index rose more than expected...