Forex Opinion & Analysis

What started out as a quiet pre FOMC minutes session soon developed into another USD sell off, generated by a stop chase on USD/JPY through 110.00. We pushed below here on Tuesday to print 109.92, but...

The EUR/USD has a nested wedge top on the daily chart and it has been sideways for 4 days. Because thus trading range is holding above the March 17 strong bull breakout, there is a possibility of a...

It was March 23rd, when “EUR/AUD Could Be Aiming At 1.51” was published. The purpose of that article was to determine which one of the two extremes – 1.4465 or 1.5085 – was...

The Australian dollar is almost unchanged on Wednesday, following sharp losses this week. At the start of the North American session, AUD/USD is trading at 0.7530. In the US, today’s highlight...

USD/CHF Open 0.9561 High 0.9622 Low 0.9545 Close 0.9559On Tuesday dollar/franc decreased with 60 pips. The European currency depreciated from 0.9605 to 0.9545 yesterday, not matching the positive...

EUR/NZDCurrently we are at 1.6746 continuing in the range. We are looking to continue to the range top at 1.6870 and look for the reversal there. The average daily true range (ATR) for the pair...

Yesterday’s Trading: The euro/dollar on Tuesday managed to get back its losses after falling to 1.1335 in response to strong USA ISM service sector data. In March, the ISM index for business...

USD/JPY is flat on Wednesday, as the pair is trading at 110.30 in the European session. On the release front, Japanese Leading Indicators met expectations. BoJ Governor Haruhiko Kuroda will speak at...

Currencies EUR/USD: The pair is trading above its upward trend line on a 4 hour time frame. The next support is near the 1.1143 level and the resistance is at 1.1493. USD/JPY: The pair is...

GBP/USD is extending its weakness as ‘Brexit’ is creating volatility as it gets priced in. The BOE financial policy committee increased the countercyclical capital buffer rate for UK...

The dollar advanced on the back of hawkish comments from Federal Reserve President Eric Rosengren, who said that the U.S. may need more rate increases than the market is currently pricing in. The...

Market Drivers for April 06, 2016 CNY Services bit better FOMC Minutes on tap Nikkei -0.11% DAX -0.27% Oil $36/bbl Gold $1226/oz. Europe and AsiaCNY: Caixin 52.2 vs. 51.2 North America CAD: Ivey PMI...

Wednesday April 6: Five things the markets are talking aboutYesterday, global equities came under renewed pressure with investors having a plethora of reasons why to choose from, ranging from an...

The euro has posted slight losses on Wednesday, continuing the lack of substantial movement that has characterized the pair so far this week. In the European session, EUR/USD is trading at 1.1350. On...