Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the GBP rose 0.5% against the USD and closed at 1.2730, after UK’s Markit services PMI unexpectedly jumped to a level of 55.2 in November, expanding at the...

For the 24 hours to 23:00 GMT, the EUR rose 1.91% against the USD and closed at 1.0755, as investors shrugged off the initial shock of a “No” vote in the Italian constitutional...

Here is the monthly chart of DX. It retraced the 61.8% of the previous fall from 121.37 (from the month of July 2001) to 70.81 (March 2008) and closed November at 101.54 after printing a high of...

Numerous strong market moves were triggered in the wake of the US election outcome, including a rally in the US dollar.What is going to happen after this initial advance though? Will the “Trump...

The single currency opened Monday on a bearish note but managed to pare losses as investors brushed aside the Italian referendum results. EUR/USD closed at a 2-week high right near the resistance...

Investors are getting used to bad news, and the lessons learned in the past couple of months were implemented on Monday after the Italian referendum results. It’s true that a “No”...

By now, traders should know the drill on these highly anticipated events that promise dire potential consequences…Traders build positions in anticipation of, or to hedge against, the...

Key Points: The Italian referendum’s fallout seems to have passed. MACD bias is shifting to bullish. Fundamentals likely to be key in pushing the pair above the 1.08 handle. Now that some of the...

In response to the Italian Referendum which caused prime minister Matteo Renzi to resign, the EUR/USD took a dive from 1.0672 to as low as 1.0506.The euro has since rallied strongly, gaining 2.7...

EUR/USD: The pair continues to push higher, leaving risk of further strength on the cards. On the down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break here...

The early morning collapse was just what the doctor ordered – except for the 300-point rally thereafter (in EUR/USD.) Cobwebs dusted, I now have to pick myself up and sort it all out. While this...

Key Highlights · The euro was under a lot of pressure against the US dollar and the British pound due to fact that Italy voted to discard the constitutional reforms in the referendum. ·...

Many investors may be wondering why EUR/USD verticalized after the Italians voted against Prime Minister Renzi’s Senate reforms, especially after EUR/USD dropped within a few pips of 1.05. We...