Forex analysis, news, and opinions

The US dollar weakness hit once again, and not even the USDJPY could resist it as it broke through 88.00 on Wednesday. Meanwhile, the euro climbed well above 1.5000 and almost hit 1.5100. Read more...

After last week's profit taking and risk aversion, a strong Monday in equities suggests that traders are back in and are buying dips. So, the US dollar rebound could have only been a momentary effect triggered by the approaching year end. Read more...

Ever since breaching 1000$/oz, the price of gold hasn’t ceased to rise, and now everyone is excited about it. At 1148$/oz right now, seeing it above 1200$/oz before the end of the year is not impossble, which could mean more downside for the US dollar Read more...

This week’s forecast looks very much the same as the last one. We see no sign that the US dollar will regain strength despite this weekend’s APEC meeting. So last week’s trends should continue to develop in the next days. Read more...

Here is a quick overview of the USDJPY and how it could develop in the next few days. Read more...

Many traders were caught by surprise last night after Fitch warned that it might downgrade UK from AAA status. Selling panic took the pound down 150 pips within an hour after the remarks, but it then climbed back up to its original price the next day. Let us examine the reasons why the pound is so well supported. Read more...

Following last Friday’s worse-than-expected U.S. jobless rate and the Fed’s confirmation of low interest for an extended period of time, the word is to sell US dollar. Read more...

Today’s FOMC statement was one of the most important one this year as everyone looked for signs of a potential rate increase in the short term. But those who hoped for a regain in dollar strength were left disappointed — the Fed is keeping the rates very low, not just for this time, but for an extended period. Read more...

An avalanche of economical data is set to descent on us this week: four central bank meetings, manufacturing indices, housing data, unemployment, we pretty much have it all, so expect a lot of volatility. Read more...

A favourable domestic outlook pushes several banks to issue buy recommendations on the Australian dollar. Here are a few recent quotes from top bank fx strategists for you to interpret. Read more...