Forex Opinion & Analysis

Given the relative quiet of the week, we had warned that we were building to today and it didn't disappoint.Although the BoE and ECB left rates unchanged, Draghi's comments on the euro sparked a...

Aussie eyes 106; Chinese CPI in frameThe Australian dollar recorded solid gains overnight following yesterday’s Chinese trade data. An upside inflection was set in the ensuing period of the...

Fresh Leg Lower For The Dollar?EUR: Super Mario Saves The EuroGBP: Collapses Against EURAUD: Soars On Strong Chinese Trade NumbersCAD: Weaker Housing NumbersNZD: Gold And Oil Up Nearly 1%JPY: New...

Earlier this week we looked at the Aussie dollar – not least because there were some important news releases due in Australia. At the time we suggested that the AUD/USD pair was preparing to...

USDThe dollar fell on Thursday on a drying-up of safety flows after the ECB decided to keep rates on hold at its monthly meeting leading to speculation of more positive outlook for the region....

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...

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...

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...

GBP/USD showed quite a nice movement yesterday. The first signal of a possible bearish movement was sent to us two days ago when sellers managed to break the upper flag formation. The rally down did...

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...