Forex Opinion & Analysis

The AUD/USD is staying in a trading range between 0.9528 and 0.9791. Key resistance is now at 0.9791. As long as this level holds, the price action in the range could be treated as consolidation of...

USD The dollar recovered marginally on Tuesday on optimism the Fed might reduce its QE ahead of key employment data on Friday. On the data front, the Trade Balance widened to -40.3bn from -38.8bn...

The Australian dollar dropped sharply against its U.S. counterpart Tuesday following strong gains Monday after the Reserve Bank of Australia (RBA) made a negative assessment of the economy. The bank...

USD/JPY (daily chart) has attempted to recover above the key 100 level after hitting a three-week low on Monday at 98.85. This occurs in the context of a bearish correction within the strong bullish...

EUR/USDThe pair settled the session in minor negative territory, largely due to a firmer USD which benefited from the bounce back by USD/JPY which surged back above the key 100.00 level. The rally...

The U.S. dollar is trading higher against all of the major currencies this morning but the bulk the action was in Asia. Better-than-expected U.S. trade numbers barely left a dent on the FX market...

Currently we are at 1.5301. We are looking for a bounce here and then a run to the R5 1.5398. Expecting that to be the top of this corrective wave and then a move back to the downside. There is a day...

USD/CAD is another pair that is showing some signs of the American dollar’s weakness. First of all, at the end of May sellers managed to break the uptrend line (blue). The breakout was later...

Cable rose again, just clipping the 4hr 61.8 % Fib level at 1.5368, rising to 1.5378. All longs were covered on this rise. We have pulled back from these higher levels, but we do believe that any...

Some areas on the Old Continent, particularly Austria, Germany and the Czech Republic received the equivalent of two months of rainfall over the weekend, leading to flooding and landslides. Initial...

Last Wednesday, Mark Carney gave his last speech as Governor of the Bank of Canada. He said that the Bank’s monetary policy should remain stable for some time, with the key interest rate at 1%....

Wow! Pricing in the “tapering trade” can unwind just as quickly. Yesterday provided another fine example of how swiftly a fickle market can change sentiment. A disappointing US ISM...

EUR/USD remains steady in Tuesday trading. The pair has gained close to one cent so far this week, and was trading in the high-1.31 range in the European session. In economic news, Spanish employment...

Despite the fall from 1.27 which sent prices below the rising trendline in play since the start of the year, the bullish uptrend remain mostly intact, with price trading above the previous swing high...