Forex Opinion & Analysis

The daily chart of the EUR/USD is correcting after a spike and channel bull trend. Bull channels usually evolve into trading ranges. The pullback is often to the bottom of the 1st pullback after the...

GBP/USDThe GBP/USD pair traded with clear negativity in last Friday to settle at near the EMA50, and the price begins attempts for a bullish rebound after it found a good support that formed by the...

USD/SGD is showing little movement on Monday, as the pair trades at the 1.38 line early in the North American session.In economic news, Singapore CPI posted a decline of 0.5%. It’s a quiet start...

USD/JPY has started the week with slight losses, as the pair trades at 109.50 early in the North American session. On the release front, Japan’s trade surplus improved to JPY 0.43 trillion, well...

Key Fundamental Forex Events and Forecasts for the Coming WeekThe following table lists the key economic data and other events that are due out during the week of May 23rd – May 27th, with...

Trading Themes: The US dollar continued its recovery over the week supported by Hawkish Fed comments and Hawkish FOMC meeting minutes which highlighted a strong chance of a June rate hike provided...

One month to goWith a month to go until the polls open in the EU referendum, sterling is starting the week quieter than how it ended. Certainly in the case of GBPUSD the contrasting pushes and pulls...

The dollar rose to three-week highs against the yen on Friday, amid growing expectations that the Federal Reserve could raise interest rates as soon as next month, but slid against the euro as...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CAD to close at 1.3121. The Canadian Dollar lost ground, after the country’s retail sales declined...

For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.9905. In the Asian session, at GMT0300, the pair is trading at 0.9896, with the USD trading 0.09% lower from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.20% against the JPY and closed at 110.14. In the Asian session, at GMT0300, the pair is trading at 109.79, with the USD trading 0.32% lower from...

For the 24 hours to 23:00 GMT, the GBP fell 0.78% against the USD and closed at 1.4486. In economic news, UK’s CBI industrial trends orders unexpectedly rose to a five-month high level of -8.0...

For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.1214, after the Euro-zone’s seasonally adjusted current account surplus widened to a four-month high level of...

Main scenario:The pair is trading along a sideways trend between support 1.4480 and resistance 1.4530, where break up of 1.4530 will open uptrend target on resistance 1.4600. Alternative scenario:An...