Forex Opinion & Analysis

AUD/CHF: Currently we are 0.7215 continuing in the range. We are looking to continue to the 0.618 Fibo at 0.7118 with a further target at 0.7082. The average daily true range (ATR) for the pair...

Gold: The commodity remains in consolidation mode but faces upside risk. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down,...

The Australian dollar has posted considerable losses on Thursday, erasing the gains from the Wednesday session. AUD/USD is trading at 0.7550 in the European session. In economic news, the US will...

USD/JPY is flat on Thursday, as the pair is trading at 110.30 in the European session. On the release front, The US will publish Unemployment Claims and Fed chair Janet Yellen speaks at an event in...

USD/JPYThe free-fall action continues on USD/JPY after breaching 110.70 as we discussed many times earlier. Although RSI is moving deeper inside oversold territories, but there is no signs of...

The USD/JPY slipped below the 109 mark in Tokyo. Nikkei and Topix were flat to positive on mounting speculation, and hope, that the BoJ may be preparing an extreme intervention plan to curb the...

EUR/USD UPDATE: beat 1.1434/37 to hit the next target of 1.1455/60 and topped exactly here. A sharp sell off has held first support at 1.1365/60. Failure here however tests trend line support at...

EUR/GBP made it as far as 8105. We have 3 week trend line support at 8070/65 today but below here targets 8040. If we continue lower look for a buying opportunity at 8010/00. Bulls are clearly in...

Market Drivers for April 07, 2016 USD/JPY takes out 109.00 barrier Cable back below 1.4100 Nikkei 0.22% DAX 0.44% Oil $37/bbl Gold $1229/oz. Europe and AsiaAUD: AU AIG Construction 45.2 vs. 46.1 North...

EUR/USD: Yesterday the pair slightly strengthened amid weakening in the US dollar that was pressured by the publication of the FOMC Minutes. According to the Minutes, the majority of members voted...

The main feature in the foreign exchange market continues to be the surge of the Japanese yen. A convincing explanation of the yen's strength seems elusive. Until last week, which means through the...

Market BriefAs expected the March FOMC minutes were roughly in line with the remarks made by Janet Yellen during the press conference following the release of the rate decision. However, the minutes...

Time to buy gold?Since December, the yellow metal has sharply increased, and is now trading between 1200 and 1250 dollars per ounce. For many people, gold is useless as it does not provide dividends,...

The euro is showing some volatility on Thursday. In the European session, EUR/USD is trading at the 1.14 line. On the release front, the ECB releases the minutes of its March policy meeting. As well,...