Forex Opinion & Analysis

EUR/GBP - 16-month high Since the beginning of December 2015 EUR/GBP moved in strong uptrend. Short correction which started one month ago probably was finished. New 16-month high confirms that...

Strangely enough from a financial market's viewpoint, the biggest loser from the Brussels terrorist attacks was the British pound. The attacks made ‘Brexit’ more likely according to...

Ahead of Easter, Thursday was expected to be a quiet affair, though early focus was once again on GBP. Cable stops through 1.4050 were targeted, but the pre FOMC lows seen last week held firm to later...

In our past article “US Dollar Outlook into FOMC Meeting on March 16“, we argue that the Fed is likely going to stay put and temper the rate hike expectation and this action should cause...

We have been looking for a bottom in the US dollar against the Canadian dollar. It is been difficult, but now it appears that the technicals are turning. This Great Graphic, from Bloomberg, shows...

USD/JPY is showing little movement on Thursday, as the pair trades at 112.70 in the European session. On the release front, there are two key releases on the schedule – Core Durable Goods Orders...

The coming week looks set to get busy after the long Easter weekend, particularly for the US, which will see some key data releases such as the monthly non-farm payrolls report. Also to come into...

EUR/USD is on course to extend its losing streak to five consecutive sessions today but despite this, it still appears to be in correction mode, rather than the early stages of a reversal.The pair is...

EUR/USD Open 1.1175 High 1.1224 Low 1.1143 Close 1.1179On Wednesday euro/dollar decreased with 65 pips. The European currency depreciated from 1.1224 to 1.1158 yesterday, matching the negative money...

Awaiting Reserve Bank of Australia meetingUS dollar strengthened on Fed comments. The President of the Federal Reserve Bank of Philadelphia Patrick T. Harker said the matter of interest rate hike may...

The EUR/USD is standing at very important POC 1.1145-60. This is 4h support and POC ( T-89 ™, Inner Trend Line, Historical Bullish Order Block). If EUR/USD wants to go up it should spike from...

USD BullishWe think the current USD fall will run out of steam. The catalysts for a turnaround back to a USD rally will be either strong US data confirming the need for tighter monetary policy in the...

EUR/GBPCurrently we are 0.7893 in a range. We are looking to continue the reversal back to the 0.500 Fibonacci at 0.7810 with an overall target of 0.7700. The average daily true range (ATR) for the...

What a surprising week this is for GBP/USD. Less than five trading days ago, on March 18th, the pair was flying above 1.4510 and just look how fast things change – today it plunged to 1.4056 so...