Forex Opinion & Analysis

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CHF and closed at 0.9748. In economic news, Switzerland’s trade surplus narrowed to a level of CHF2.2 billion in...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.35% against the JPY and closed at 109.43. In the Asian session, at GMT0300, the pair is trading at 109.45, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.10% against the USD and closed at 1.4319, after UK’s retail sales declined for the second consecutive month in March. Data showed...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.08% against the USD and closed at 1.1292, after the European Central Bank (ECB) President, Mario Draghi, pledged to increase...

Yesterday’s Trading: On Thursday the outcome of the ECB convening were three rates left at their former levels. The key refinancing rate remained at 0.00%, the rate for deposits was left at...

The EUR/USD failed to cut the key resistance level 1.1400 as the ECB kept rates unchanged. Draghi’s comments put the euro under pressure below 1.1300 after claiming that the ECB policy of...

Both the RBA and RBNZ will be announcing interest rates in the coming fortnight and speculation is mounting over what the two central banks will do. Whilst both governors have expressed a willingness...

In this video, Chris takes a look at one of the most common forex trading systems, moving average crossover systems. This system has been in use since the turn of the 20th century at the very least,...

Jerks In Terms Of Market: You may take that in one of two ways.- The market has seen extreme swings- The global monetary policy is being run by … In terms of market movement, what happened...

Mario Draghi, the President of the European Central Bank (ECB) said in the press conference that they continued to expect the interest rate to remain at present or lower levels for an extended period...

USD/JPYShort-term Elliottwave structure suggests dip to 107.73 ended wave X. Up from there, wave (W) is proposed complete at 109.9 with internals unfolding as a double three where wave ((w)) flat...

EUR/JPY: Having the cross closed lower after losing all of its intraday gains on Thursday, further weakness is now envisaged. Support comes in at the 123.00 level where a break will aim at the 122.50...

What drives EUR/GBP is EUR/USD as correlations factor to 91%. EUR/USD and EUR/GBP lack positive correlations to GBP/USD at minus 75% EUR/USD and negative 95% to EUR/GBP. Viewed as GBP/EUR then...

The dollar came off session lows cutting losses against its peers after the market took in comments made by European Central Bank President Mario Draghi and the release of varied US economic data....