Forex Opinion & Analysis

Today’s pivotal events will focus on the US ADP data and American Trade Balance data. ADP employment number increased 2.15 million in June, compared to previous increase of 2.37 million. ADP...

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.79; (P) 193.51; (R1) 193.99; No change in GBP/JPY's outlook. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while...

For Wednesday’s DecaPip Daily I would like to take a closer look at the USD Index and what we can expect to see happen in near time trading as we approach the all important non-farm payrolls job...

Market Commentary USD reverses losses and ends higher after Atlanta Fed’s Lockhart talks September rate hike; US short rates up but chances for a September move still below 50%; USD firm but...

Dollar gains on Fed official comments supporting September rate riseThe dollar index rose back above 98 to near April highs in late US trading on Tuesday. The US currency was boosted by comments from...

EUR/USDThe euro was almost unchanged against the dollar on Tuesday after data showing that US factory orders rose broadly in line with forecasts in June, as investors stayed on the sidelines ahead of...

EUR/USD Daily Analysis: Our dead cat bounce analysis from yesterday was confirmed as the pair once again was heavily sold into, bringing the pair back down to 1.0850 (which would have easily hit our...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.45% against the USD to close at 0.7382. LME Copper prices declined 0.09% or $4.5/MT to $ 5215.5 /MT. Aluminium prices declined...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.90% against the CHF and closed at 0.9779. In the Asian session, at GMT0300, the pair is trading at 0.9786, with the USD trading 0.08%...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.28% against the JPY and closed at 124.33. Yesterday, Etsuro Honda, a special economic adviser to Japan’s Prime Minister...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.12% against the USD and closed at 1.5568 after UK’s construction PMI unexpectedly fell to a level of 57.10 in July, following a...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.57% against the USD and closed at 1.0891 as the greenback benefited from a Fed official’s hawkish comments. Atlanta Fed...

Economy – Additions & UpdatesAdditions – durable goods, Skousen B2B index Updates – initial jobless claims, wage growth, housing, sentiment, GDP Asset Allocation –...

EUR/USD – Breaks Key Support, Bearish Bias (4-hour chart)The euro took out the key support today around 1.0895. This level had held for the last two weeks with the prior two bounces creating a...