Forex Opinion & Analysis

Yesterday, Canadian Finance Minister Jim Flaherty released the federal government’s new budget projections for the next few years, which indicate that Canada will balance the books again in 2015...

Our outlook at the beginning of the week was for the USD Index to range between 80.80 and 81.50 and so far this is what we have seen. However, the longer the 81.50 resistance holds, the more I will...

Is Abenomics working or not? This largely depends on who you ask.The incumbent Japanese Prime Minister's supporter will point at the Q3 GDP numbers which were released earlier, where headline GDP...

USD/JPYBIAS: Feel the decline is more corrective, but may not yet be completeResistance: 99.42 99.59 99.79 100.05 Support: 99.18 98.75-88 98.55 98.24MAIN ANALYSIS: Price dipped to 2 points below the...

The AUD/USD stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9756. The rise from 0.9269 could be treated as consolidation of the downtrend. As long as the trend line...

Janet Yellen Confirmation Is A Risk For DollarGBP: BoE Sees 7% Unemployment Rate Reached In 2015 Instead Of 2016EUR: Sent On Rollercoaster Ride By Dovish ECB CommentsNZD Rallies As RBNZ Reiterates...

Talking Points:- US DOLLAR Pares Decline Ahead of Bernanke Speech, Yellen Confirmation Hearing - Euro Weighed by Dovish European Central Bank (ECB)- 3Q GDP in Focus Index Last High Low Daily...

For the first time since early June, 3-month dollar calls are trading at a premium over puts (25 delta). Calls were trading a shrinking discount since early October, but as only turned positive last...

With no U.S. economic reports scheduled for release today, it should be another quiet North American trading session. U.S. stock futures are pointing to a lower open and Treasury yields are pulling...

The Japanese yen has edged higher on Wednesday's trading, as the USD/JPY trades in the mid-99 range, within striking distance of the critical 100 level. In economic news, Japanese Core Machinery...

EUR/USD remains under pressure in Wednesday trading. The pair is trading in the low-1.34 range in European trading on Wednesday. Taking a look at economic news, Wednesday has a light schedule. In the...

The euro traded steadily at $1.3437 on Wednesday morning after a tough week of losses following poor inflation data and a surprise European Central Bank rate cut. The common currency has been weak...

Sterling jumped against the dollar after the Bank of England Inflation Report increased the growth outlook for the UK economy. The BoE acknowledged that the UK is doing much better than it had...