Forex Opinion & Analysis

EUR/USD Open 1.3269 High 1.3280 Low 1.3038 Close 1.3165On Thursday EUR/USD increased with 180 pips. The European currency appreciated from 1.3038 to 1.3280 yesterday, matching the positive money flow...

EUR/USDEven though the ECB kept its key benchmark interest rate and the deposit rate unchanged, the press conference has sent the EUR bid across the board, with the EURIBOR strip trading heavier as...

As expected, the European bank left monetary policy unchanged but the rate announcement was never the main focus of the day -- instead all eyes were on ECB President Draghi's press conference and...

Currently we are at 89.58 and testing a break of the top and R5. The target area up is the 1.270 Fibonacci extension at 90.06 then 90.91. A failure to break will look for a retrace to the 0.214...

Chinese data beats sending aussie through 1.0550Strong Spanish auction lifts EUR through 3100Nikkei 0.70% Europe 0.07%Oil $93.79/bblGold $1661/oz.Europe and Asia: EUR ECB Rate DecisionEUR ECB Deposit...

This week’s main event happens within hours and yet nothing remains a forgone conclusion. Traders have the added difficulty of seeing the currencies in focus, the EUR and GBP, actually move to...

Wednesday started with sellers putting constant pressure on a rising wedge support. After few attempts they managed to break it, which caused a minor downswing. Sellers went through 1.3055 support and...

Euro consolidates ahead of the today’s ECB meeting (12:45 GMT) and, especially, the ECB press conference (13:30 GMT). No monetary policy changes are expected today, but the euro could be pulled...

Today is all about resolving the tension between the still relatively weak euro currency while other indicators show strong optimism on the prospects for further stability. Also – AUD breaking...

China’s bounce-back from its soft landing in the middle of 2013 has continued apace with both imports and exports cracking higher in December. Exports rose by 14.1% compared to a year earlier,...

News And EventsChinese data surprised the markets positively in this session, as the trade balance came out at $31.6bln (Reuters poll $19.7bln) much better than expected. And not only exports have...

Autochartist recently identified the horizontal Key Resistance Level 0.8360 on the daily NZD/CAD charts. The length of this Key Level is equal to 272 candles. Autochartist rates the Significance of...

USD/JPY Open 88.11 High 88.31 Low 86.82 Close 87.84On Wednesday USD/JPY increased with 135 pips, recovering from earlier week's losses. The currency couple appreciated from 86.82 to 88.19 yesterday,...