Forex Opinion & Analysis

EUR/USDToday’s support: -1.0854, 1.0834 and 1.0806(main), where correction is possible. Break would give 1.0792, where correction also may be. Then follows 1.0785. Break of the latter would...

The dollar gave away part of its recent gains against the other major currencies on Wednesday, but it still remained supported as upbeat Chinese trade data and stability in Asian markets continued to...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.29% against the USD to close at 0.6960. LME Copper prices rose 0.57% or $25.0 /MT to $4380.0 /MT. Aluminium prices declined 0.27% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.50% against the CAD to close at 1.4342. In economic news, Canada’s Teranet/National Bank house price index declined 0.1% MoM in...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CHF and closed at 1.0062. Yesterday, the SNB Vice President, Fritz Zurbruegg, reiterated that the Swiss Franc remains...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the JPY and closed at 117.63. In the Asian session, at GMT0400, the pair is trading at 117.50, with the USD trading...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.32% against the USD and closed at 1.0883. In economic news, the French EU normalized consumer price index rebounded above expectations...

USD/JPYThe same price behaviors are still witnessed since the USD/JPY has slammed through 117.65, but it started to inch higher again during the Asian session. However, trading remains trapped below...

USD/JPY Head and Shoulders Breakout vs Triangle Right Shoulder USD/JPY is back at its head and shoulders neckline. In theory it could actually put in a simple breakout, or put in a triangle right...

Australian Employment Data: Why it Can’t be Trusted & Why it Doesn’t Matter: Here we are again on the morning of one of the most highly anticipated data releases on the Australian...

Pound Lower as UK Interest Rate Expected To Remain UnchangedThe solid pace of growth of the U.K. economy seen in 2014 was nowhere to be seen on 2015 although a lot of factors came externally it did...

Market sentiment turned negative again in US trading on Wednesday after oil reversed its daily gains to head back towards 12-year lows. WTI crude futures hit $30.10, having earlier traded above $31,...

Even though the market has gone sour for economy development, American inflation rate continues to rise, revealed by Stephen Stanley, chief economist from Amherst Pierpont Securities. As domestic...

AUD/USD fell very aggressively last week and it also took out the lower parallel trendline that caused a sell-off trough 0.7000 recently. That been said, we suspect that big red wave 4) is finished at...