Forex Opinion & Analysis

Friday's nonfarm payroll showed positive data for the jobs market in November. Better-than-expected job creation numbers, and the lowest unemployment rate since December 2008 (7.7%) gave the US dollar...

We have been tracking the deterioration of the US dollar's technical tone over the past three weeks. That ended abruptly. Weak euro area data, a more dovish than expected ECB, and heightened...

The euro dealt with its sharpest decline of the month versus the United States dollar. This drop followed an announcement by the chief of the European Central Bank that it would downgrade the economic...

FX: Will Strong Payrolls Change The Fed's Plans?EUR: Hit By Weaker German Growth ForecastsGBP: Shrugs Off Big Miss In Industrial ProductionCAD: Hits One-Month High vs. USD On Sharp Improvement In Job...

So bit of an interesting week with some interesting price action.Euro moved lower on a rather down beat Draghi press statement and the pound attempted to follow.However by the end of the week the...

EUR/USDThe pair settled the week lower as markets reacted to comments from Draghi who said that negative interest rates on the deposit facility were discussed. Consequently, Euribor strip turned bid...

The U.S. and Canada reported much stronger-than-expected employment data, which is lifting their respective currencies. The data stands in contrast not only to expectations, but also the poor news...

The GBP/USD has fallen heavily from it's recent highs. A down-trend appears to be in play, and will probably continue. The pair has broken out of its ascending channel, yielding a down-target at...

German Bundesbank slashes growth outlook; UK production data comes in worse than expected; Focus turns to U.S. payrollsNotes/ObservationsChina Shanghai Composite has best weekly gain in three...

EUR/USDCurrent level - 1.2970The EUR/USD daily close below 1.30 is a signal of further decline. The downward movement is only corrective in nature, and it is expected to stop at levels between 1.2835...

Nonfarm payrolls days have been more volatile than normal trading days in 2012, but the record is not consistent. Could yesterday’s volatility yield to today’s choppy ranginess? Depends on...

Forget the U.S. Cliff. The currency everyone knows as the single unit, the EUR, has been dealing with it’s own cliff crisis ever since Draghi’s no-rate change ECB press conference...

Eurodollar has fallen sharply but has now found support at the 50-day MA at 1.2916 where it has begun consolidating. It may bounce to 1.3000, which is the 38.2% Fibonacci retrace of the move, but...

Two trades closed: (i) long AUD/NZD was stopped out for a 1% loss overnight as NZD jumped on the RBNZ statement and (ii) we book an early 1.4% profit on our long NOK, SEK vs GBP spot trade from 15...