Forex Opinion & Analysis

Fed Unleashes QE4; Greenback Takes A Hit As widely anticipated, overnight the Federal Reserve announced a further $U.S.45 billion in asset purchases per month from 2013, in addition to the existing...

Nearer-Term AUD OutlookNo change in the long held view of upward ranging into the end of Dec, as part of a longer term topping near the ceiling of the triangle/pennant that has been forming since July...

USDThe dollar weakened on Wednesday after the Fed said it would buy 45bn dollars a month of treasury bonds at its FOMC rate-meeting. The news meant the central bank had decided to increase its...

EUR/USDThe major pair has continued yesterday’s positive trend throughout the European session, heading into the European close with gains of 40 pips. With all eyes looking ahead to the FOMC...

On Thursday the Swiss National Bank (SNB) holds its quarterly monetary policy assessment meeting. As we explained in the drivers of Swiss inflation post, inflation pressures will remain subdued for...

The Federal Open Market Committee, which is in charge of U.S. monetary policy, is wrapping up its meeting today and will announce its decisions at noon. No rate changes are in the cards, and it is...

Currently we are at 87.44 after taking out our target from yesterday. We are in the 5th wave and seeking the top. The first target area is the 1.618 Fibonacci extension at 87.73. The big target is the...

The U.S. is back at the forefront today with the FOMC meeting. Most analysts expect the Fed to announce the massive purchase of securities to support economic growth. Operation Twist, which consisted...

It’s difficult to find a pulse, but Capital Markets still has one, as they remain calm ahead of the monetary policy announcement from the FOMC later today. After a false start and an extended...

UK Labor data beatsUK labor data beat estimates handily sending cable to session highs as employment situation appears to improving raising hopes amongst investors of better growth in 2013. UK...

Risk on continues as EU work on banking union, USDJPY ignores FOMC rallies to new highsUK labor data beatsNikkei up 0.59% Europe up 0.11%Oil $86.50/bblGold $1720/oz.Europe and Asia:AUD: Westpac...

USD/JPY Open 82.52 High 82.94 Low 82.30 Close 82.50On Tuesday USD/JPY traded within narrow almost 30 pip range. The currency couple appreciated from 82.30 to 82.58 yesterday, matching the neutral...