Forex Opinion & Analysis

Today’s highlightsHalifax House Price Index (MoM) (GB, 08:00 GMT)Trade Balance (GB, 09:30 GMT)GDP (QoQ) (EU, 10:00 GMT)German Factory Orders (MoM) (Ger, 11:00 GMT)BOE QE Total + Interest Rate...

Economists don’t anticipate a change in today’s final read on the euro area’s third quarter GDP relative to last month’s preliminary “flash” release, which reported...

The gross domestic product report for the third quarter shows that Brazil’s economy grew at half of the rate previously expected. Prior to the report, most analysts believed that the economy...

Nearer-Term AUD OutlookNo change as the choppy trade since Aug. is seen as part of a longer-term topping below the ceiling of the large triangle/pennant that has been forming since July 2011 (see...

ECB on tap – no rate cut expected, but could we see a set up meeting for a rate cut down the road? Also, the US employment report could move market more than recent reports if it proves a...

Australian employment beats but Aussie cant break 1.0500Risk FX very quiet ahead of Central bank meetingsNikkei 0.85% Europe 0.91%Oil $88/bblGold $1693/oz.Europe and Asia:AUD: Employment Change 13.9K...

AUD/USDA larger corrective downtrend started from 1.1085 (July’11 high), appears to be still in force for AUD/USD which may be a large triangle consolidation in a range between 1.0860 and 0.9580...

USD/JPY Open 82.42 High 82.62 Low 81.79 Close 82.44On Wednesday USD/JPY increased with almost 70 pips. The currency couple appreciated from 81.79 to 82.48 yesterday, matching the positive money flow...

GBP/JPY continues to rise after the recent breakout of the horizontal Key Resistance Level 132.55 identified by Autochartist on the hourly charts. The significance of this Key Level is rated at the 3...

The euro made gains against most major currencies as PMI data from the eurozone increased unexpectedly in the previous quarter. Markit said in a report that Eurozone Services PMI increased to 46.7,...

The U.S. dollar fared better than in the previous day and gained somewhat against the majority of its counterparts. Economic reports indicated that there were improvements in ISM Non-Manufacturing...