Forex Opinion & Analysis

The dollar turned broadly lower against the other major currencies on Thursday, erasing a more than 1% rally, after European Central Bank President Mario Draghi said interest rates aren’t likely...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.29% against the USD to close at 0.7455. LME Copper prices declined 0.30% or $15.0/MT to $4920.5/MT. Aluminium prices rose 0.06% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.74% against the CAD to close at 1.3343. In economic news, Canada’s new housing price index rose less-than-expected by 0.1% MoM in...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.30% against the CHF and closed at 0.9846. In the Asian session, at GMT0400, the pair is trading at 0.9849, with the USD trading...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.15% against the JPY and closed at 113.14. In the Asian session, at GMT0400, the pair is trading at 113.43, with the USD trading...

The financial markets were shaken by explosive levels of volatility during trading on Thursday following the unexpected over-delivery from the European Central Bank in unleashing aggressive stimulus...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.65% against the USD and closed at 1.1181, after the European Central Bank’s (ECB) chief Mario Draghi hinted that the central bank...

This is a question that just got (even) harder to answer as of today. The European Central Bank’s President, Mario Draghi, has announced today the ‘bazooka’ that (almost) everyone...

Overall, the price action has looked like one of disappointment, but it was the EUR/USD move more than anything else that drove the afternoon trading. Most market players, including leveraged funds,...

The European Central Bank adopted a greater quantitative easing measures than investors were expecting, as yesterday’s monetary policy of the Bank has unveiled.In addition to fulfilling the...

SPOILER ALERT. That is how the boy who cried wolf fairytale ends. In the ECB’s case, with a 400 pip, rip your face off rally!EUR/USD 15 Minute: The biggest single day rally since the last cut in...

The Canadian dollar has experienced a torrid few weeks as the pair’s sentiment has suffered numerous blows due to the ongoing rout in global energy prices. However, the charts are signalling...

The Bank of Canada decided once again to hold its target overnight interest rate at 0.5%. The overall message from the statement on monetary policy is that economic developments are unfolding just as...

Gold: Having closed higher and seen following through during early trading today, gold faces further sees bullish momentum. On the downside, support comes in at the 1,270.00 level where a break will...