Forex Opinion & Analysis

The shockingly weak Chinese trade data released over the weekend sent Asian equities broadly lower as the week starts. Aussie also tumbled sharply on its close trade tie with China. Trade balance...

US Core Retail Sales is probably the main focus of the week although at this stage economic data such as the Retail Sales has very little effect on the trend of the USD, especially considering that...

AU Employment Change release today will be an important release for the AUD, especially considering how much pessimism has been placed on the labor market lately. Should this release manage to yield...

RBNZ Interest Rates decision today is expected to increase from the current 2.50% to 2.75%., although RBNZ is only expected to hike by 25 basis points, in the event RBNZ decides to keep rates...

Cable failed to make headway on the topside on Friday, some of this due to the EUR/GBP cross which bounced from significant support at 8220/00 to 8295. This obviously depressed the Cable market, and...

Towards the end of last week the Australian dollar enjoyed a healthy surge higher to hit a three month high just above 0.91 before easing back a little back below that level. For the best part of the...

Large Speculator bullish bets decline to $11.60 billion on March 4th The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on...

Last week, we warned that the two main sources of tension that had arisen, the Russia's military action in Crimea and the relatively sharp depreciation of the Chinese yuan were going to stabilize....

GBP/USD: 1.6711Short-Term Trend: uptrendOutlook: GBP continues to consolidate above the rising 21-day moving average and that is bullish. We need a firm move above 1.6820 however to confirm the next...

The USD/JPY remains in uptrend from 101.20, the fall from 103.76 could be treated as consolidation of the uptrend. Range trading between 102.60 and 103.76 would likely be seen. Support is at 102.60,...

In case you missed it Thursday, a 4,500-word Newsweek cover story claims to have revealed the inventor of Bitcoin (BTC/USD). Unfortunately for Newsweek, new revelations cast doubt on its...

The euro and Swiss franc rose to new highs since Q4 2011, while sterling moved to within half a cent of the best level since 2009 set in mid-February in recent days. The market was all rife with...

Behind the Post-NFP FX Reversal USD: Finally a Good Jobs Number USD/CAD Soars on Surprise Contraction in Canadian Jobs NZD: Big Week for the New Zealand Dollar AUD: To Key Off Australian Employment...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting @ 1.3867 looking to finish a 3rd wave to the top. A couple of different scenarios: 1: a bounce on the former pennant line and a...