Forex Opinion & Analysis

EUR/USD continues to have a quiet week, as the pair trades at 1.0650 in the European session in Tuesday. In economic news, German Ifo Business Climate improved to 109 points, while German GDP posted a...

The U.S. Dollar Index hit 100 on an intraday basis for the first time since March 16th, the day after the index closed at a 12-year high. The index faded back to a close of 99.73 at the end of the...

USD/JPYThe pair failed to stabilize above 76.4% Fibonacci at 123.15 yesterday, achieving a negative closing. Although, this is not a good signal for buyers, but the USD/JPY is currently touching...

Federal Reserve Chair Janet Yellen expressed hope on Monday that the economy will continue to expand and if that is the case, it will be appropriate to raise interest rates in December. Yellen also...

For the 24 hours to 23:00 GMT, the AUD weakened 0.54% against the USD to close at 0.7193. LME Copper prices declined 3.72% or $174.5 /MT to $4515.5 /MT. Aluminium prices declined 3.46% or $51.0 /MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CAD to close at 1.3364. In the Asian session, at GMT0400, the pair is trading at 1.3344, with the USD trading 0.15% lower from...

For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 122.90. In the Asian session, at GMT0400, the pair is trading at 122.75, with the USD trading 0.12% lower...

For the 24 hours to 23:00 GMT, the GBP fell 0.42% against the USD and closed at 1.5122. In the Asian session, at GMT0400, the pair is trading at 1.5137, with the GBP trading 0.1% higher from...

GBP/USD Main scenario:The pair is trading along a downtrend with target on 1.5050.Alternative scenario:An uptrend will start as soon, as the pair rises above resistance level 1.5235, which will be...

The dollar index was off around 0.3% from Monday’s 8-month high of 100.0, coming within a whisker of surpassing the 12-year high of 100.39 set back in March. Growing expectations that the Fed...

EUR/USDToday’s support: -1.0644, 1.0627, 1.0598 and 1.0575(main), where correction is possible. Break would give 1.0546, where correction also may be. Then follows 1.0524. Break of the latter...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.25; (P) 186.11; (R1) 186.58; The break of 185/98 support argues that the consolidation pattern from 180.36 has completed at 188.79. Intraday bias is turned...

The yen briefly pushed to its weakest level in three months last week, thanks to some poor Japanese economic results. An eternally optimistic BoJ, refusing to acknowledge the current recession, held...