Forex Opinion & Analysis

EUR Prime For A Breakout On ECBDollar: Under Pressure From Weaker Data And Beige BookJPY: Hit Hard By Global DeleveragingAUD: Down Nearly 10% From April HighsCAD: Sharp Rise In Building PermitsNZD:...

GBP/USD (daily chart) has risen in its bullish correction of the past week to hit key resistance around the 1.5400 level, which is also right at the 38.2% Fibonacci retracement of the steep decline...

Erratic Dollar Moves Doesn't Remove Need to Reset Payroll Expectations By Kathy Lien, Managing Director of FX Strategy for BK Asset Management With disappointing economic data coming in from...

EUR/USDUncertainty over the looming ECB governing council meeting weighed on EUR across the board. Also, the release of somewhat mixed macroeconomic data ensured that even though the ECB is widely...

Currently we are at 1.6025. We are looking for a small retracement and then a continuation up to the R8 resistance at 1.6110.. We are bullish. The current average daily trading range (ATR) is 102...

A pattern of lower lows and lower highs seems to be emerging. Accordingly, I entered short at 1.0336, with my stop 100 pips higher at 1.0436, and my target profit 300 pips away at 1.0036.Original...

The EUR/USD is continuing the upswing started with the bounce from the long-term neck line created on the daily chart, as a part of the big Head and Shoulders formation. The price is still locked in a...

Inside day leaves the overall scenario unchanged: 1.5299/95 is support. If we go just in front of here, at1.5305 and go long. Stops should be kept quite tight below 1.5259 which is the short term 50%...

So far this week we have seen that Monday’s Euro PMI reports have been tentatively supporting a market view that the Euro-zone downturn is stabilizing. Interestingly, the IMF’s Christine...

EUR/USD has settled down after posting sharp gains at the start of the week. The pair was unchanged on Tuesday, and is trading quietly in the mid-1.30 range in Wednesday’s European session. In...

Price traded higher yesterday, reversing the losses suffered on Monday and managed to etch out a slight gain during the early US trading session. However, 13,700 remains stubborn and refused to give...

After staying above 1.25 and even 1.2525 for most part of yesterday, price traded higher during early Asian session, attempting a small scale bullish breakout from the 1.254 soft ceiling towards the...

Yesterday was yet another day of reversing the trends of the previous day. The fear that the lower-than-expected ISM figure created on Tuesday faded and USD managed to recover against most currencies,...

Tuesday was a tough one for commodity currencies against the greenback. The AUD, NZD and CAD, whose economies all depend heavily on raw material exports, lost 1.44%, 1.51% and 0.61% respectively on...