Forex Opinion & Analysis

According the data released by US Department of Labor, job vacancy of May rises to 5.36 million from 5.33 million, hitting the highest rate ever since year 2000. Compared with corresponding period of...

The USD/JPY pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside and as long as the price stays below this trend line, the trend...

The euro rose slightly against the U.S. dollar on Wednesday as Greece was given a deadline until the end of this week to deliver a proposal.“The final deadline ends this week,” European...

GBP/USDGBP/USD has stabilized below 1.5475 where 61.8% Fibonacci following the breakout below the uptrend line. Trading below 1.5425 is negative catalyst and the pair may move lower, targeting 1.5345...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.93; (P) 189.76; (R1) 191.29; GBP/JPY drops sharply to as low as 187.12 so far today and broke mentioned 38.2% retracement of 174.86 to 195.86 at 187.83....

EUR/USDThe euro dropped 0.59% to 1.0992 despite Greek Prime Minister Alexis Tsipras won a commitment to seek a last-minute rescue at an emergency euro zone summit on Tuesday. EU leaders will hold a...

The dollar gained against most major currencies on Tuesday, after data showed that the U.S. trade deficit widened less than expected in May and as demand for the safe-haven greenback remained...

For the 24 hours to 23:00 GMT, the AUD weakened 0.57% against the USD to close at 0.7449. In economic news, Australia’s foreign exchange reserves dropped to A$67.28 billion, compared to a...

For the 24 hours to 23:00 GMT, the USD rose 0.45% against the CHF and closed at 0.9468. On the macro front, the seasonally adjusted unemployment rate in Switzerland remained unchanged at 3.3% in June,...

For the 24 hours to 23:00 GMT, the USD weakened 0.06% against the JPY and closed at 122.53. In the Asian session, at GMT0300, the pair is trading at 122.18, with the USD trading 0.28% lower from...

For the 24 hours to 23:00 GMT, the GBP fell 0.92% against the USD and closed at 1.5460, following mixed economic data in the UK. Data released showed that industrial production in the nation...

For the 24 hours to 23:00 GMT, the EUR declined 0.48% against the USD and closed at 1.1002. Data released showed that the seasonally adjusted industrial production in Germany remained flat on a MoM...

Massive Demand Forces Currency Shortfall in Greek Banks! No Vote Spurs Run on Greek Banks with Currency Traders Shorting the EuroPrior to the referendum in Greece on Sunday July 5th, there was...

The euro was steady in early Asian trade as it held on to its overnight gains after dropping to a low of 1.0915 against the dollar on Tuesday. The scheduled meetings of the Eurogroup and Eurozone...