Forex Opinion & Analysis

Competitive currency devaluation or currency wars are an indispensable topic of discussion in foreign exchange markets. This recently became a hot-button issue and sparked heated debate following the...

Trade ideas for the FX majors: EUR/USD, GBP/USD, USD/JPY and AUD/USD.

Daily FX Wrap: More volatile EUR trading over the ECB press conference, but nothing to justify the ramp higher this time around. Cable dents 1.4400+. AUD and CAD reined in.Once again, we saw an ECB...

GBP/USD is turning sharply down from 1.4439 where pair might found a temporary high if we consider a five subwave rise from 1.4048 which we labeled it as wave C) that might have completed a big three...

The pair continues its growth that started in the end of last week when weak data on Industrial Production was released in the US. Furthermore, this week the euro was supported by strong data on the...

The European Central Bank has left its key interest rates unchanged as it waits to see whether current record lows will stimulate the tepid recovery in the 19 countries that share the euro...

AUD/CHFCurrently we are 0.7557 and a move south would continue the range. We are looking to continue to the 0.214 Fibo at 0.7503 with a further target at 0.7446. The average daily true range (ATR) for...

USD/JPY is showing limited movement on Thursday, following gains in the past three sessions. USD/JPY is trading at the 109.70 in the European session, close to 3-week highs. On the release front, the...

Preparing for Bank of Japan meetingYen weakened on Wednesday amid weak Japan’s external trade data for this March. The trade surplus expanded more than in February but less than expected...

Despite the end of the strike in Kuwait, crude oil prices continued to rise, lifting the Canadian dollar, which is now closing in on the 1.2500 mark (80 cents U.S.). Bank of Canada Governor Stephen...

As Glenn Stevens called yet again for a lower AUD/USD at the April 5th RBA statement, the price dropped from 0.7635 to 0.7486. Then, in traditional AUD methodology, AUD/USD bolted to recent highs at...

Thursday April 21: Five things the markets are talking about.For the investor, it seems that risk sentiment is to prevail until told otherwise. Capital Markets continue to take its cue from a clear...

EUR/USD is almost unchanged on Thursday, following losses which marked the pair on Wednesday. In the European session, the pair is trading at the 1.13 line. On the release front, the ECB will set...

EUR/USD: EUR/USD reversed its Tuesday gain to close lower on Wednesday. This leaves risk lower on correction in the days ahead. Support lies at the 1.1250 level where a violation will aim at the...