Forex Opinion & Analysis

Overall, it was another good week for equities. The Dow Jones Industrial Average finished higher by around 1.4%, and the S&P 500 finished at another record close. Stocks responded to comments from...

Market CommentaryThe US Dollar depreciated across the board especially against the Euro and the GBP. The Euro is trading near the historic resistance of 1.3820 ranges; daily close above 1.3850 ranges...

AUD/USD aiming down through key .8875A weak close to end February leaves our short-term view decidedly negative with the push back through the 13-day EMA reinforced through chart support at...

EURUSD – Bullish but @ Key Resistance ZoneGaining a mild amount of ground last week, the Euro closed the week on two strong days of buying. The pair is just below a key resistance zone which is...

US NFP is the first major release of the year and we expect plenty of volatility following the release. In the event we do get our deviation, it’s important to follow the plan as set forth...

We´ll be getting the Canadian Employment Change release number today, but since the market is focused on the U.S. Nonfarm Payroll, this release will probably work only if it is going in the same...

UK BOE Interest Rate Decision is likely to remain unchanged and most likely a non-event as Governor Carney should not surprise the market with a change or an accompanied statement.7:00am (NY Time) UK...

AU Retail Sales release today will be important for the short-term market price action, with the market supporting AUD below the 0.8900 level, all we need is a strong news catalyst to push AUDUSD...

CA BOC Interest Rate today will probably not surprise the market as recent Canadian economic reports have not been very promising, to say the least. Considering that the BOC have dropped its hawkish...

US ADP NFP Employment Change release will once again be one of the many focuses of the week, and with the NFP scheduled on Friday, and sharp deviation will be market changing, if not trend...

UK Services Purchasing Manager Index will be released today at 4:28am (NY Time) and it’s expected to be at 58, and similarly to the Manufacturing PMI, GBP should react accordingly if we get a...

AU RBA Interest Rate Decision today will probably not be a tradable release as RBA has decided to take a neutral monetary policy for the time being. With market finding strong support at the current...

US ISM Manufacturing PMI will probably be a non-event unless we get a huge surprise today, especially considering that the Feds have already set the path of tapering all the way to the end of...

UK Manufacturing PMI will kick off the month for GBP as market should react sharply to any surprises, especially considering the geopolitical tension that’s currently taking place in Ukraine and...