Forex Opinion & Analysis

On Friday, the GBP rose 0.30% against the USD and closed at 1.5560.In economic news, the construction output in Britain surprisingly eased 0.8% on a monthly basis in April, while it was expected to...

On Friday, the EUR rose 0.10% against the USD and closed at 1.1253.In economic news, industrial production in the Euro-zone rose 0.1% on a seasonally adjusted monthly basis in April, lower than market...

CA Core CPI is likely a strong high-impact event but since it’s released at the same time with the Core Retail Sales, we’ll have plenty of market volatility, but the key will be to wait...

US Core CPI is expected to rise to around the 0.2% and with Feds now focusing on economic data in order determine the timing of the next rate hike, CPI is probably one of the most important...

UK Retail Sales is expected to come in at 0.0% and we’ll be looking for a minimum deviation of about 0.5%. I would recommend to take yesterday’s FOMC rate decision into consideration when...

NZ GDP q/q is a quarterly release and may impact the market greatly, but since it is being released after the FOMC Press Conference, I’d be very selective with this trade and will only take it...

UK MPC Meeting Minutes will be the first time for the market to get an insider’s look at the MPC meeting that took place 2 weeks ago, which ended up keeping both rates and APT unchanged. It is...

UK CPI y/y release could provide some directional guidance for the Sterling, especially if we were to get another negative reading today. With USD once again taking a firm advance, a weaker CPI could...

Talking Points: USD/CAD Technical Strategy: Flat Support: 1.2213, 1.2105, 1.1997 Resistance: 1.2384, 1.2562, 1.2675 The US dollar turned lower against its Canadian counterpart as expected after...

Talking Points: GBP/USD Technical Strategy: Flat Support: 1.5464, 1.5289, 1.5170 Resistance: 1.5647, 1.5794, 1.5941 The British pound advanced against the US dollar as expected after putting in...

Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11834, 11790, 11731 Resistance: 11887, 11946, 12043 The Dow Jones FXCM US Dollar Index continues...

Key Fundamental Forex Events for the Week of June 8th through June 12th The following table lists the key economic data and other events that came out during the week of June 8th through June 12th,...

Let’s get started for the week ahead:EUR/USD 1.1380 Resistance 1 1.1480 Resistance 2 1.1195 Support 1 1.1050 Support 2 GBP/USD 1.5616 Resistance 1 1.5680 Resistance 2 1.5540 Support 1 1.5510...

Key Events This Week: June 15th-19th USD: FOMC Rate Decision - Wednesday, CPI – ThursdayGBP: CPI – TuesdayEUR: German ZEW – WednesdayNZD: GDP – WednesdayCHF: SNB Sight...