Forex Opinion & Analysis

The US dollar is coming under broad pressure against the major currencies for no apparent reason. There is some talk about $130 bln US bond maturity and coupon payments over the next two weeks or so...

Upcoming US Events for Today:Weekly Jobless Claims will be released at 8:30am. The market expects Initial Claims to show 330K versus 331K previous. Retail Sales for January will be released at 8:30am....

The recent AUD squeeze was reversed violently by another poor Australian employment report after December’s disastrous numbers. The headline unemployment rate also jumped to a new high for the...

Finally we came out of such long out-of-the-market position. We have fixed a profit according to the yesterday’s analysis of – 26 points. A position opening - 1.36148, a profit -1.35892....

EUR/USDThe euro dropped by 0.6% amid the fall of the industrial production. In December 2013 compared with November 2013, Industrial production fell by 0.7% in euro area, according to estimates from...

The U.S. dollar fell against several of the majors as risk appetite improved subsequent to the first day of testimony by the Federal Reserve’s Chairwoman, Janet Yellen, during which she spoke to...

For the 24 hours to 23:00 GMT, AUD marginally strengthened against the USD to close at 0.9023.LME Copper prices rose 0.8% or $54.5/MT to $7174.5/MT. Aluminium prices advanced 0.9% or $15.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9008, following hawkish comments from the St. Louis Fed President, James Bullard, who indicated that the Fed would...

For the 24 hours to 23:00 GMT, the USD weakened 0.07% against the JPY and closed at 102.47.In economic news, machine tools orders in Japan rose 39.6% (YoY) in January, compared to a 28.1% increase...

For the 24 hours to 23:00 GMT, GBP rose 0.98% against the USD and closed at 1.6609, after the Bank of England (BoE), in its quarterly inflation report, raised its growth-forecast on Britain’s...

USD/JPY Open 102.46 High 102.65 Low 101.86 Close 102.52On Wednesday the USD/JPY decreased with 40 pips. The currency couple depreciated from 102.65 to 102.21 yesterday, matching the negative money...

For the 24 hours to 23:00 GMT, EUR declined 0.35% against the USD and closed at 1.3588, after the ECB Executive Board member, Benoit Coeure, hinted that the central bank was “very...