Forex Opinion & Analysis

It was a better day yesterday, particularly for the EUR/USD that made its final high smack in the middle of the higher retracement range, and shot lower. Such sharp movements are not particularly...

EUR/USDTrading range: 1.2865 - 1.2765Trend: DownwardSell at 1.2854 SL 1.2886 TP 1.2777USD/JPYTrading range: 103.00 - 102.10Trend: DownwardSell at 102.90 SL 103.22 TP 102.1 GBP/USDTrading range: 1.5065...

Over the last 48 hours the GBP/USD has reversed again and fallen strongly to a new two month low close to 1.50, after enjoying a reasonable rally for a couple of days beforehand. For a few days it...

The last 24 hours has seen the Euro experience a wild ride surging higher to the resistance level at 1.30 before falling sharply back down towards the long term support level at 1.28. This followed a...

The Chinese HSBC Flash Manufacturing PMI fell below the 50.0 par for the first time since October 2012, indicating that the manufacturing sector is shrinking. Flash data came in at 49.6, much lower...

Daily ChartAfter clearing the 1.26 and rising trendline confluence, USD/SGD continued moving higher strongly towards 1.27. Price was understandably higher as Bernanke remained highly dovish during his...

The US dollar has not let go of its tight hold on its Canadian cousin, as USD/CAD punched through the 1.03 line in Wednesday’s European session. The greenback got some help as Canadian retail...

The Australian dollar continues to fall, as the pair fell below the 0.98 line in Wednesday’s Asian session. AUD/USD continues to struggle, and has dropped into the mid-0.97 range. The Aussie...

EUR/USD Open 1.2847 High 1.2998 Low 1.2823 Close 1.2849On Wednesday, the EUR/USD decreased significantly by165 pips. The European currency depreciated from 1.2998 to 1.2832 yesterday, matching the...

The AUD/USD has resumed its strong downward movement again in the last 24 hours which has seen it move to levels not seen since early June last year. It had enjoyed a relatively solid last few days...

The euro seems to have taken a back seat the last couple of weeks. First the BOJ manipulated their currency leading to a soaring stock market, then market focus shifted recently towards whether the...

FX U-Turn: Why USD/JPY Pullback Should Be TemporaryWill PMIs And Draghi Drive EUR Below 1.28?GBP: Crushed By Retail Sales And BoE MinutesAUD Hits Fresh 10-Month LowsNZD: Chinese PMI Numbers Could...

Heavy data day, today, provided some interesting price action.First up more poor economic data out of the UK continues to weigh on GBP/USD and the pair sunk in early trading. Thursday sees more UK...