Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.5216, after UK’s consumer price inflation rebounded in line with market expectations on a monthly basis in...

For the 24 hours to 23:00 GMT, the EUR declined 0.42% against the USD and closed at 1.0642, after the ECB’s Executive Board member, Peter Praet, indicated that the central bank is likely to...

GBP/USD: The pair failed to follow through lower on the back of its Monday losses to close higher on Tuesday. This price action now sees the pair eyeing further a move higher. On the upside, looks to...

Canadian Currency Losing Oil Support Ahead of Fed MinutesThe CAD recovered after yesterday losses after lower than expected Canadian manufacturing sales were published. After the drop in the price of...

This is a follow-up trade of previous USDCHF analysis. In H4 timeframe price has broken long-term resistance and continued to rise. Background is strong. This is a good time to look for long...

Swiss National Bank is intent upon driving the franc lowerWhen analyzing the charts of a commodity, stock or foreign exchange pair, it is always best to start with a long-term view and work towards...

And just like that, USD/CHF is back trading at the strongest level since the 1.20 EUR/CHF Swiss National Bank price floor was abandoned back on January 15.The Swissy is back at 10 month highs,...

Fed Inflation Target Achievable: After having declined for the previous 2 months, the US Consumer Price Index rose 0.2% in October.The 0.2% increase implies that factors such as a strong USD and lower...

EUR/USD INTRADAY CHART BIAS: We should see losses continue to around 1.0524-72 Resistance: 1.0655-60 1.0685 1.0710-15 1.0740-57Support: 1.0630 1.0592-11 1.0563 1.0524-42 MAIN ANALYSIS: The downside...

Slow and steady remains the progress that developed yesterday. It’s not my favoured type of development because it raises too much noise that tends to play tricks when trying to establish which...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The biggest story in Tuesday's forex market was the decline in EUR/USD. The currency pair dropped to its weakest level in 7...

AUD/CHF - trend reversal or only correction?Today AUD/CHF reached to 3-months high and also to a resistance. That level made reaction of the price many times this year. If that resistance (price...

In Europe, FX markets were dominated by softness in the EUR, seen in EUR/GBP which fell to its lowest level since July, while EUR/USD resides below the 1.0700 handle. Sentiment toward the EUR remained...

The daily chart of the EUR/USD has had 3 days down from a small bear flag. The selloff from the October 22 bear breakout has had weak follow-through. This means that it is more likely a bear leg in a...