Forex Opinion & Analysis

Q1 GDP for Australia came in at 0.6% vs an expected 0.7%, while this figure is slightly disappointing, it is on par with previous quarter’s results of 0.6%. The real disappointment was in the...

After breaking 100.0 on Monday US trading, with 99.0 tested briefly, price has mostly been in a strong uptrend that allowed USD/JPY to retake 100.0 once more.Hourly ChartThe 100.0 level happens to be...

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 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...

We continue to see volatility from AUD/USD. The pair is down close to one cent on Tuesday, coughing up much of Monday’s gains. The Aussie took a hit as the RBA held the benchmark interest rate...

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 -...

Yesterday’s forecasts went in our direction for the most part, in fact all pairs behaved as predicted. Market was sidelined most of the day. Today we could expect the same to continue in the...

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...