Forex Opinion & Analysis

Data/Event RisksEUR: Not much on the agenda. Political developments in Italy are worth watching out for.USD: Little of substance in terms of economic releases today, or for that matter in the first...

EUR/USDIn spite of trading lower for much of the session, the pair settled in minor positive territory after staging an impressive rally after going through the ECB fix (left hand side fix) at 1315GMT...

It's been a quiet morning in the foreign exchange market with no U.S. economic reports on the calendar. Don't expect U.S. data to be a big driver of currency flows this week since the only piece of...

Currently we are at 1.2878 and building a wedge which is bearish for the pair. The target area down is the support cluster (S5/1.270 fibo) at 1.2805. The average daily trading range (ATR) is 69...

On 20 December 2012 we shorted EUR/AUD at 1.2620. EUR/AUD moves up slightly. I closed my EUR/AUD at 1.2488 for 132 pips profits.

After a massive rally in risk during the holiday shortened week that saw volatility in equities get crushed, the market started the full working week of the New Year with a decidedly bearish tone as...

On Jan. 3. we had shorted GBP/USD at 1.6241. GBP/USD had plunged on U.S. Dollar strength. We decide to close this trade at 1.6075 for 166 pips profit.

And Now, Attention To The Debt CeilingAfter the fear for of the fiscal cliff, the U.S. is now facing a new political battle related to its debt ceiling. The increase in the maximum level of public...

Asia trade dominated by profit taking in yen crossesRisk FX stabilizes in Europe, Sentix improvesNikkei -0.83% Europe -0.18%Oil $92/bblGold $1653/oz.Europe and Asia:EUR: Eurozone Sentix Investor...

Last week saw a key rejection of the euro rally against the US dollar as the sequence above the old 1.3170 high was rejected by the close of trading last week. The key event this week that will spark...

Close 1/2 position to pay 10y10y USD swaps (3M basis) at 3.745%First entry was made at 3.63%, so we book 11.5bp on this legThe remaining 1/2 position was opened at 3.40%, so current total P/L is...

The latest IMM data cover the week from 24 to 31 December. What a sentiment change. Of all the central bank action in 2012, the ECB’s introduction of the OMT programme (under which the central...

This week, the scorecard recommends buying JPY, EUR, AUD while selling NZD, SEK, GBP.For the fifth consecutive week, the scorecard recommends buying JPY this week. Positioning still favours being long...