Forex Opinion & Analysis

The European Central Bank and the Bank of England meetings will take the center stage in the week ahead as traders await to find out if these two major central banks will follow the Fed’s...

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 28 Dec 2012 we had bought AUDCHF at 0.9514. AUD/CHF has moved down slightly. I decided to closed this trade at 0.9678 for 164 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...

Friday went quite well up until the NFP where we took a temporary turn for a long. Today, I'm expecting the US dollar to continue to gain strength. However, I do see some support which is why I'm...

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...