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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

UK GDP revised down to 0.2% – GBP follows

The UK economy grew by only 0.2% q/q in the first quarter of 2017. This is according to the latest estimate, the second out of three. Year over year growth dropped from 2.1% to 2%. GBP/USD does not seem to ...

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Technical levels to watch – last week of May 2017

The dollar dropped on Trump’s troubles but managed to recover, or at least correct. Some currency pairs have reached new highs and some are redefining ranges. What lines should we watch? Lines of support and resistance for the major pairs: EUR/USD, ...

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Canadian dollar rises on a more optimistic BOC

The Bank of Canada left interest rates unchanged but USD/CAD is far from unchanged, falling to new lows.It seems that markets were expecting a dose of dovishness after the disappointing inflation data, but the BOC chooses the bright side. Dollar/CAD ...

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FOMC Minutes leave door open for a June hike

The Fed releases the meeting minutes from the rate decision on May 3rd. At the time, the FOMC left the interest rate unchanged at a range of 75-100 basis points as widely expected. More importantly, officials seemed to have shrugged ...

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Canadian dollar rises on the BOC

The Bank of Canada left interest rates unchanged but USD/CAD is far from unchanged, falling to new lows. Were markets expecting a big dose of dovishness? — more coming The post Canadian dollar rises on the BOC appeared first on ...

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Draghi still sees inflation as subdued – EUR/USD slides

EUR/UDS was already touching 1.12 and then it dropped to 1.1287 on Draghi’s words. Draghi said that the macroeconomic environment is improving but balanced it with more stable words: there is no reason to deviate from the current policy. The indicators ...

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