Forex Opinion & Analysis

After a really solid last week, the GBP/USD has just eased off a little and rested on the support at the 1.53 level. In the last day, it had experienced its strongest 24 hour period in a while as it...

After breaking out above the key 0.97 level and reaching a two week high the AUD/USD has since reversed and moved below. For the last couple of weeks the Australian dollar established and traded...

In the last day or so the Euro has moved up to and run into a brick wall of resistance at the 1.31 level, but in doing so has moved to a 4 week high just above 1.31. The Euro did very well towards the...

GBP/USD Open 1.5307 High 1.5344 Low 1.5272 Close 1.5309On Tuesday, the GBP/USD traded within the 70 pip range. The Cable depreciated from 1.5344 to 1.5272 yesterday, in converse with the positive...

The pound has edged downwards on Tuesday, and is trading very close to the 1.53 level. in the North American session. The pound failed to take advantage of UK Construction PMI, which hit a seven-month...

The Canadian dollar began the new week with strong gains against the US currency, but has given up much of those gains in the Tuesday session. USD/CAD punched across the 1.03 level in the European...

Life as an analyst is a no-win situation. Yesterday the Europeans worked pretty much to perfection. The JPY pairs were a nightmare and despite the success in the Europeans, the overwhelming emotion is...

EUR/USDTrading range: 1.3065 - 1.3170Trend: UpwardBuy at 1.3079 SL 1.3047 TP 1.3156USD/JPYTrading range: 100.20 - 99.25Trend: DownwardSell at 100.07 SL 100.39 TP 99.35GBP/USDTrading range: 1.5290 -...

EUR/USDCurrent level - 1.3063The intraday outlook is slightly bearish after several unsuccessful tests at 1.3105 high. The pair will try to find support around 1.3030-40, for the next leg upwards to...

EUR/USDCurrent level - 1.3086Yesterday's downswing to 1.2952 has completed the corrective pattern below 1.3060 and the uptrend has been renewed, peaking at the local high at 1.3105. My outlook here...

Market CommentaryThe Dollar Index (DX) is trading tight at 82.80 ranges with 83.15 ranges acting as interim resistance. The Greenback is trading mixed: narrow against the Common Currency, the Cable...

Australia's central bank left rates on hold yesterday as was generally expected. The RBA continues to be quite hawkish as well as relatively optimistic (perhaps too optimistic) on the nation's...

EUR/USD Open 1.3079 High 1.3102 Low 1.3041 Close 1.3077On Tuesday, the EUR/USD traded within the 60 pip range. The European currency depreciated from 1.3102 to 1.3041 yesterday, not matching the...

It was a mixed day yesterday for the U.S. dollar, which held steady against the euro and British pound but traded higher against the Japanese yen, Australian, New Zealand and Canadian dollars. The...