Forex Opinion & Analysis

We´ll be getting the Canadian Employment Change release number on June 6, but since the market is focused on news out of the U.S. (Nonfarm Payroll), this release will probably work only if it is...

ECB Interest Rate is released in two parts - first with the rate decision at 7:45am then followed with a press conference at 8:30am. The most important part of the rate decision is the press...

The UK BOE Interest Rate Decision is unlikely to surprise on June 5 as the majority of analysts agree that BOE will probably keep both rates and APT unchanged. With the latest Quarterly Inflation...

US ISM Non-Manufacturing PMI is probably the most indicative of the leading reports during Nonfarm Payroll week that most analysts use to predict the BLS figure on Friday. Therefore, we are certain to...

The Canadian BOC Interest rate on June 4 will probably not surprise the market as all analysts unanimously agree that BOC will keep the rates unchanged at 1.00%. Of course, in the event of a surprise,...

US ADP NFP Employment Change is often used to forecast Friday’s Nonfarm Payroll report, therefore we should see plenty of market volatility if the release were to surprise the market. At any...

The AUD GDP q/q is a quarterly release, thus it is more likely to surprise and is therefore more tradable. The GDP on June 3 could provide momentum to the AUD, especially if the figure were to...

The Australian RBA Interest Rate Decision on June 3 will probably not be a surprise as most analysts agree that RBA will keep rates unchanged and release an almost identical statement compared to the...

US ISM Manufacturing PMI will probably determine the direction of the USD for the short-term, especially during a Nonfarm Payroll week. With the market shifting its focus on fundamental releases, any...

UK Manufacturing PMI is a strong market mover for the GBP, but since the BOE has not signaled any accelerated rate tightening policy, economic reports such as the PMI will serve as a strong catalyst...

Cable is looking strong short term. We are currently above the 23.6 short term Fib located at 1.6737 and the stochastics on the 60 min charts have turned bullish from quite low levels...This should be...

EUR/USD INTRADAY CHART Resistance: 1.3650-54 1.3668 1.3677-90 1.3713-23Support: 1.3615-20 1.3585-90 1.6556 1.3520BIAS: While allowing for 1.3668-90, we should soon see losses resumingMAIN ANALYSIS:...

End of a months and looking forward to a new month ahead! We seem to have a had a moderate forecast for Friday with 4 out of the 7 pairs conforming to our forecast. The GBP/USD, USD/CAD, AUD/USD and...

Talking Points:USD/JPY Technical Strategy: Flat Support: 101.61 (50% Fib exp.), 101.28 (61.8% Fib exp.) Resistance: 101.94 (38.2% Fib exp.), 102.35 (23.6% Fib exp.) The US dollar is stalling against...