Forex Opinion & Analysis

The current downswing on the EUR/USD came to the very important mid-term area. This area is a support created by the 23.6 Fibonacci level as well as by the recent up-trend line. These two levels...

The Australian dollar is lower in Wednesday trading, as the currency continues to lose ground to the US dollar. In the European session, the pair was trading in the mid-0.93 range. In economic news,...

The USD/JPY has weakened in Wednesday trading. The pair has dropped to the mid-98 range in Wednesday’s European session. In economic news, Japanese inflation indicators continue to point...

EUR/USD continues in corrective mode, gently drifting down, making lower lows and lower highs. We have almost reached the 1.3555 down-target and momentum is converging near the zero-line; so there is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.24; (P) 158.10; (R1) 158.86Intraday bias in the GBP/JPY remains neutral for some more consolidations below the 159.98 temporary top. But, near term outlook...

The risk unwind that began shortly after the FOMC decided to hold pat continued yesterday despite further falls in US interest rates. At the short end, implied interest rates on Fed funds futures were...

Today’s update on sentiment among manufacturers in France will be closely watched for guidance on evaluating the Eurozone’s macro outlook. Later, we’ll also see a new report that...

New Zealand posted its biggest deficit for the month of August at NZD 1.19 billion from NZD 771 million in July which added further selling pressure on NZDUSD below the 0.8240 support level. The pair...

The risk trade is trading with a slight soft bias with the key themes being the never ending taper debate. The price action showing short-term movements on US data releases as the market has focused...

The EUR/USD is showing little movement in Wednesday trading, as the pair continues to trade in the high 1.34-range in the European session. On Monday, German Ifo Consumer Climate climbed slightly and...

Market CommentaryThe Dollar Index (DX) is finding stability at 80.00 ranges to currently trade at 80.60 ranges with 81.00-81.20 ranges still posting a formidable resistance. The medium term trend is...

EUR/USD - European SessionThe pair extended the negative trading and stabilized below 78.6% correction at 1.3505. Meanwhile, the pair failed to stabilize below the previous top 1.3452 and is still...

Markets have sunk back into a period of dullness after the great run-up in expectations, and the subsequent fall-off that the Fed meeting and the surprise decision caused. Equities have remained...