Forex Opinion & Analysis

Concerned about the political wrangling over servicing US debt prompted Fitch to put the US on negative credit watch. Besides chin wagging and finger-pointing, it has had little perceptible impact....

Germany’s GDP contracts in Q1 German consumer confidence remains deeply pessimistic FOMC minutes show uncertainty over the rate path EUR/USD is down for a third straight day. In the European...

AUDUSD  plummeted to a six-month low on Wednesday to find support around the key 0.6525 area, which is the broken neckline of the inverse head and shoulders pattern registered last Autumn.From a...

We wrote: US dollar index holding support at 103.00 keeps the outlook positive in what I believe is the start of a bull run. Although we failed to beat last week's high at 103.60/65 I doubt this will...

Following a recent decline in US stock markets, the US Dollar Index Futures is showing signs of strength, with DXY trading at a new high. Fitch Ratings has placed the United States' AAA rating on a...

The overnight Globex Market sold off after yesterday’s strong bear channel down. Today will probably have at least two hours of sideways trading since yesterday’s selloff was climactic. This means...

Another release of UK consumer inflation well above expectations has failed to take the issue off the country's agenda.The report for April showed a 1.2% rise in consumer prices, compared to the 0.8%...

RBNZ hikes by 0.25%, signals end of tightening cycle New Zealand retail sales decline NZD/USD slides by 1.8% The New Zealand dollar is taking a bath on Wednesday. In the European session, NZD/USD is...

NZDUSD was steadily regaining ground after experiencing a pullback from its three-month peak of 0.6383. However, the pair retraced lower on the back of the RBNZ’s signal of a potential end to...

The EUR/USD Bulls tried to get a reversal up over the past two days. However, the channel down is tight. This increased the probability or more sideways to down. The bears want to get down to the...

EUR/NZD is currently at 1.7281 and after a double bottom. If we can break resistance here, we are looking for a continuation of the ATR target of 1.7377.  Watch the USDX for direction. The average...

'Preliminary readings of the PMIs for business activity in the euro area generally revealed a worse-than-expected deterioration. According to the composite index, the last time the euro area industry...

BoJ Core CPI rises to 3.0% USD/JPY hits 6-mth high USD/JPY climbed as high as 138.87 earlier on Tuesday, its highest level since May 28th. The yen has edged lower and is trading at 138.43 in the...

The US Dollar is bid. Only the Japanese yen is holding its own against the greenback but only after it fell to new lows for the year. The Scandis and Antipodeans are the heaviest among the G10...