Forex Opinion & Analysis

Today I am expecting US Dollar to further weaken while Japanese Yen will be gathering some steam . Adding a hedged pairs to offset trading risk today.Forecasts OutlookUS Dollar: WeakToday we're...

The USD/CHF has been slow, choppy and sideways over the last few days. This is indication of the character of a corrective price action. We think that the USD/CHF is trapped in a wave four position,...

GBP/USD Open 1.5155 High 1.5272 Low 1.5111 Close 1.5144On Tuesday, the GBP/USD decreased significantly by 160 pips. The Cable depreciated from 1.5272 to 1.5111 yesterday, in line with the negative...

Dollar Steady Through Fed Chatter, Bernanke and FOMC Minutes DueThe dollar put in for a volatile session thanks to the stimulus speculation Fed commentary stirred, but ultimately the benchmark closed...

Over the last 24 hours the GBP/USD has reversed again and fallen down further to a new six week low close to 1.51, after enjoying a reasonable rally for a couple of days. It has continued to find some...

The pound slid to a six-week low against the dollar after a government report showed inflation slowed more than economists forecast, giving the central bank more room to boost stimulus that tends to...

Canada’s dollar fell to a more than two-month low against its U.S. counterpart amid speculation growth in the world’s largest economy would spur the Federal Reserve to reduce stimulus,...

In the last few days, the Euro has finally shown some resilience as it has been able to rally and regain some lost ground moving back above 1.29 for the first time in a week. Over the last week or so...

Despite various Japanese ministers saying that Abenomics have been a resounding success, the underlying economic numbers seem to suggest otherwise. Latest Merchandise Trade Exports Y/Y came in at 3.8,...

The British pound started off the week in fine fashion, gaining close to one cent against the US dollar on Monday. The good news didn’t last long, however, as the pound has coughed up these...

USD/CAD has not shown a lot of activity so far this week, reflective of the fact that neither country has released any numbers for the markets to scrutinize. The only releases on Tuesday are speeches...

The Australian dollar remains under strong pressure from its US cousin, as the pair dipped below the 98 level in Tuesday’s European session. The Aussie edged lower following the release of the...

EUR/USDTrading range: 1.2935 - 1.2860Trend: NeutralSell at 1.2923 SL 1.2955 TP 1.2873USD/JPYTrading range: 102.35 - 103.05Trend: NeutralBuy at 102.46 SL 102.14 TP 102.91GBP/USDTrading range: 1.5165 -...

SPOT GOLD Spot gold closed at 13760, which was below the open and within the prior day's trading range. The High was 0.5 Dollars from Precise Trader's Res Zone 1, and the Low was 1 Dollars from...