Forex Opinion & Analysis

After testing key support at 1.05/1.04 in March, EUR/USD has embarked on a recovery that has been encompassed within an upward channel and appears to be a flag which is normally associated with...

Amid the publication of Caixin Manufacturing PMI for September in China, which came in below the forecasts, Asia-Pacific currencies declined against the USD: the AUD/USD pair lost 50 points in half...

The US index continues to surge for the past two days in response to Federal Reserve interest rate hike by the end of 2015, however, as we mentioned before, we can not be sure whether Fed will...

Market Commentary USD continued to rally strongly for a third consecutive session. It would seem the hawkish Fed speak combination by Bullard, Lacker and Lockhart post FOMC led many to re-position USD...

EUR/USD Daily AnalysisShort analysis today as none of the charts have particularly compelling trade setups so there's no point in going on just to hear ourselves type (in our opinion). EUR/USD is...

Market BriefThe USD rally is running out of steam as the latest economic indicators failed to support dollar bulls in the post-FOMC rate-decision environment. September Richmond Fed manufacturing...

Manufacturing activity in China fell to a 6½-year low in September according to the latest PMI survey from Caixin. The flash reading showed manufacturing PMI falling to 47.0 in September from...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD weakened 0.74% against the USD to close at 0.7078. LME Copper prices declined 2.58% or $136.0/MT to $5131.0/MT. Aluminium prices declined 2.08%...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD rose 0.18%against the CAD to close at 1.3273. Yesterday, a leading bank in Canada, slashed its projections for the Canadian GDP growth to 1.2% in...

USDCHF MovementFor the 24 hours to 23:00 GMT, the USD rose 0.32% against the CHF and closed at 0.9753. In economic news, the Swiss trade surplus narrowed less than expected to CHF2.87 billion in...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.38% against the JPY and closed at 120.03. In the Asian session, at GMT0300, the pair is trading at 119.86, with the USD trading 0.14%...

GBPUSD MovementFor the 24 hours to 23:00 GMT, the GBP fell 1.03% against the USD and closed at 1.5351. On the macro front, UK’s public sector net borrowings excluding banks increased to...

EURUSD MovementFor the 24 hours to 23:00 GMT, the EUR declined 0.52% against the USD and closed at 1.1130, after the Euro-zone’s consumer confidence index deteriorated further in September. Data...