Forex Opinion & Analysis

EUR/USD is at the lows, so it looks like the pair is making an important impulsive sell-off from 1.1070, which is already big wave C) in progress. We assume that price could stay down for 1.0800 or...

The Reserve Bank of Australia held the interest rate unchanged at 2% level, as expected. However, markets price in the probability that at least two cuts within 2016 will take place.The RBA in its...

Intraday Chart - US Dollar Index 1st March 2016 We have seen constructive progress higher. From the (green) Wave b we seem to need quite a firm follow-through that should target the 176.4% projection...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.39% against the USD and closed at 0.7150. LME Copper prices rose 0.51% or $24.0/MT to $4705.0/MT. Aluminium prices rose 2.08% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD remained flat against the CAD and closed at 1.3534. On the economic front, Canada’s Q4 current account deficit rose...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9981. In economic news, Switzerland’s KOF leading indicator index rose unexpectedly to a level...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.3927, after UK’s mortgage approvals advanced more-than-anticipated to a two-year high level of...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.31% against the USD and closed at 1.0883, after Euro-zone’s preliminary consumer prices dropped back into deflation. Data...

This is the article "Forex Ranking and Rating list" for the coming month. The article "Currency Score" will also be published this week. In the coming period only the article "Ranking and Rating List"...

The past few weeks have been relatively torrid for the cable, as speculation continues to mount over whether the UK will ultimately exit the Eurozone. As the talk of a BREXIT has increased, so too has...

Although the beginning of trading yesterday wasn’t quite what I had expected from the open, the eventual outcome was as expected. There were a few touch and go moments – particularly the...

EUR/USD: With EUR/USD continuing to maintain its downside pressure, further weakness is envisaged in the days ahead. Support lies at the 1.0950 level. Further down, support lies at the 1.0800 level...

Key Highlights · US dollar struggled this week against the Japanese yen, and it looks like latter one is set for more gains. · The USD/JPY pair broke a support trend line formed on the...

The Australian dollar is sitting tight in late trading today after poor local data and awaiting tomorrow’s interest rate decision and monetary speech from the Reserve Bank of Australia.After...