Forex Opinion & Analysis

The euro continued to move higher against the US dollar on Thursday. EUR/USD climbed around one cent, capitalizing on a string of weak US releases. The pair is trading slightly above the 1.30 level in...

Daily ChartBulls and Bears are continuing their fight within the consolidation zone around 1.265. Price managed to dip below the trendline for a while yesterday due to the weakening of USD during US...

Despite the threat of China’s economic slowdown, businesses are remaining highly bullish. Business Confidence numbers came in at 41.8 for the month of April, a huge leap from previous...

Australia’s dollar headed for its biggest monthly decline in more than two years on speculation a slowdown in China will weigh on the economy, prompting the Reserve Bank to cut interest rates...

Canada’s dollar reached the strongest level in a week versus its U.S. peer as the nation’s current-account deficit narrowed more than economists forecast in the first quarter on rising...

Even though various members of BOJ and Abe’s cabinet have came out recently, telling us that Abenomics is working, making wonders for the Japanese economy. The latest economic data released...

The GBP/USD has done very well to surge higher and move back through the 1.52 over the last couple of days. In doing so, it has moved through 1.5150 which it had previously experienced some difficulty...

The AUD/USD has returned to a level that was providing it support only a couple of weeks ago in 97 cents. Over the last few days, as the Australian dollar has rallied, it has run into a brick wall of...

GBP/USD Open 1.5232 High 1.5242 Low 1.5107 Close 1.5226On Thursday Pound/Dollar continued increasing with 135 pips. The Cable appreciated from 1.5107 to 1.5242 yesterday, in line with the positive...

AUD/USD is under pressure, as the pair struggles to remain above the 0.96 line in Thursday’s European session. In economic news, key Australian data was mixed, as Building Approvals sparkled,...

Most of the pairs seem to have broken out of a range and are trying to pick a direction. There is mixed sentiments on some pairs as we may see some anti correlation in the onset and the market coming...

Weekly ChartTreasury yields have been climbing up higher (lower bond prices) in 2013 due to the ever rising stocks etching out one historical highs after another. The 10Y benchmark T-Note yields...

Position unwinding was the main theme overnight as many investors bailed out of long positions in emerging market currencies. The ZAR was the biggest loser, falling some 3% vs USD in one day! AUD and...

Market CommentaryAfter trading sideways between 84.50 and 83.50 for couple of weeks, the Dollar Index (DX) closed below the support of 83.50 ranges to slip to interim support of 83.00 ranges;...