Forex Opinion & Analysis

The EUR/USD broke through the 1.1175 level, touching the target. Now, trade should be focused on 1.1140 important support (X - cross with equidistant lower channel line).Pullbacks towards 1.1250 could...

Currently we are 1.6591 in a large channel. We are looking for continuation to the 1.270 Fibo at 2.0541 with a further target at 2.0676 later this week. The average daily true range (ATR) for the pair...

Market Drivers May 25, 2016 EZ IFO bit better NZD Trade surprises to upside Nikkei 1.52% Dax 1.37% Oil $49/bbl Gold $1221/oz. Europe and AsiaNZD: Trade Balance 292M vs. 25MAUD: Construction Work Done...

The Australian dollar continues to have an uneventful week, as the pair trades at the 0.72 line in the Wednesday session. On the release front, Australian Construction Work Done came in at -2.6%,...

USD/JPY is showing little movement on Wednesday, following gains which marked the Tuesday session. The pair is trading slightly above the key 110 line. On the release front, there are no major events...

EUR/USD - looking to sell a rally. EUR/GBP - the head and shoulders pattern is moving along nicely. Original post

While the British pound rose on eased concerns about a potential Brexit scenario, the euro fell victim to renewed U.S. dollar strength. The greenback was supported by the shift of the market's rate...

EUR/USD is showing little movement on Wednesday, following sharp losses in the Tuesday session. The pair is trading at 1.1150. On the release front, German Ifo Business Climate improved to 107.7...

Carney 3 Rees Mogg 0We thought that Carney may double-down on his warnings of recession in his testimony to the Treasury Select Committee, but the way that he and the other members of the MPC being...

The dollar pushed higher to hit a fresh two-month peak against the other major currencies on Tuesday, after data showed that U.S. new home sales rose far more than expected in April, added to...

For the 24 hours to 23:00 GMT, the AUD weakened 0.66% against the USD to close at 0.7176. Yesterday, in China, Australia’s largest trading partner, data showed that the nation’s CB...

For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.3133. In the Asian session, at GMT0300, the pair is trading at 1.3113, with the USD trading 0.15% lower from...

For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CHF and closed at 0.9927. In economic news, Switzerland’s trade surplus widened to CHF2.5 billion in April, compared to a revised...

The GBP/USD rallied and touched 1.4660 high as Carney defended Bank of England (BOE) recent actions. Governor Carney insist that inflation target will be reached and the latest poll showed strong...