Forex Opinion & Analysis

Q4 CPI for New Zealand came in lower than expected, with Q/Q number coming in at 0.2% vs 0.3% expected, and a dip from previous quarter’s 0.4%. Y/Y figure wasn’t any much better, coming in...

Markets are reacting sharply within ranges, but we’ll continue to struggle for follow through until the other side of tomorrow’s testimony by Federal Reserve chairman Ben Bernanke. Look...

EUR/USD - European SessionThe pair is proving its ability to consolidate above the ascending key support level once again. It stabilized above 1.2975 during its downside attempts yesterday, keeping...

Market Drivers for July 16, 2013RBA minutes suggest no cut - Aussie firmsUK inflation falls sending cable lower on further QE fearsNikkei 0.64% Europe -0.58%Oil $106/bblGold $1282/oz.Europe and...

USD/JPY Open 99.93 High 100.54 Low 99.02 Close 99.82On Monday Dollar/Yen increased with 150 pips. The currency couple appreciated from 99.02 to 100.54 yesterday, matching the positive money flow...

EUR/USDThe euro is down by 30 pips following a better than expected U.S. retail sales report and unemployment claims tumbled. The euro reached a fresh four‐month high today, but failed to break...

CA Core CPI today is expected to drop by 0.3% compared to the previous month’s 0.2%. Canada’s inflationary pressure has been a bit behind the BOC’s target, a contraction beyond 0.3%...

UK Retail Sales are expected to hit 0.4%, following the stellar release of 2.1% prior month. A strong Retail Sales figure not only boosts demand for sterling, but is also a strong confirmation that...

UK MPC Meeting Minutes will shed light on discussions and vote counts of last MPC Minutes where Governor Carney made an unusual statement following the meeting that resulted in a sell-off of around...

Australia’s central bank said the currency’s decline and past interest-rate cuts meant its policy setting was appropriate even as it maintained room for future reductions, according to...

As you can see from the following trade opportunity alert for EUR/JPY, this pair continues to rise in the direction of the key resistance level 131.412 (of the type Approach) identified by...

General Market Commentary: Our commentary how false breaks increase the reward/risk ratio seems a bit prescient after we werehit with two false breaks yesterday, on EUR and AUD. If not for those...

The U.S. Dollar declined following a rather unexpected report on Retail Sales which showed that consumers spent half of what economists had forecast for the month of June. Speculators believe the data...