Forex Opinion & Analysis

USD/CAD has been marked by strong volatility this week, but the pair has settled down early in Wednesday’s North American session, where it is trading in the mid-1.03 range. The Canadian dollar...

The Australian dollar continues to lose ground in Wednesday trading. AUD/USD has fallen to the 0.9570 range early in the North American session. The Aussie took a hit as Australian GDP came in short...

The Japanese yen and US dollar continue to fight a see-saw battle around the all-important 100 level. In Wednesday’s European session, it’s the yen that has the upper hand, with the pair...

Market CommentaryThe Dollar Index (DX) is trading weak at 82.60 ranges, with 82.40 acting as interim support and 83.15 ranges acting as interim resistance. The Greenback is trading mixed; it has...

GBP/USD Open 1.5405 High 1.5447 Low 1.5289 Close 1.5401On Wednesday, The GBP/USD increased by 120 pips. The Cable appreciated from 1.5289 to 1.5409 yesterday, in line with the positive money flow...

Yesterday’s forecasts went in our direction for the most part, in fact all pairs behaved as predicted. Again as advised market was sidelined for the most of the day. Today we can expect some...

EUR/USDTrading range: 1.3075 - 1.3180Trend: UpwardBuy at 1.3089 SL 1.3057 TP 1.3166USD/JPYTrading range: 99.60 - 98.65Trend: DownwardSell at 99.47 SL 99.79 TP 98.75GBP/USDTrading range: 1.5380 -...

JPY pairs broke out of range as most pairs went short, particular the AUD/JPY and NZD/JPY. Bears are in control as the yen gains strength against major currencies. At the current price action, AUD/JPY...

If you are to believe U.S. politicians and talk radio hosts, China’s renminbi is managed by a sinister cabal of James Bond villains who intentionally suppress the value of the currency to give...

EUR/USD Open 1.3091 High 1.3119 Low 1.3051 Close 1.3088On Wednesday, the EUR/USD traded almost within the 70 pip range. The European currency appreciated from 1.3051 to 1.3119 yesterday, matching the...

Market Review - 05/06/2013 22:28GMT Dollar falls on weak U.S. private jobs data The greenback weakened against other currencies on Wednesday as weak U.S. ADP employment and factory order implied that...

The AUD/USD is breaking below the 0.9528 support, and continues its downward movement from 1.0582 (April 11 high). The fall has extended to as low as 0.9448. Further decline could be expected, and the...

Three key risk events are slated for Thursday: the ECB and BoE rate decisions, potential further QE and Initial Jobless out of the U.S.Realistically speaking, no change is expected out of the BoE or...