Forex Opinion & Analysis

EUR/USDCurrent level - 1.1027 The rebound above 1.0954 is corrective in nature, thus preceding a slide towards 1.0820. Key resistance lies at...

Intraday outlook highlighting Resistance and Support levels in the forex market for July 7th, 2015Today, I am going to be showing you a great FX swing trade set up that I am currently watching on the...

Market Commentary FX market surprisingly resilient after Greek vote in a rerun of last weeks price action with the Asian gap lower filled during the European session; all action in stocks, bonds and...

USD/JPYThe USD/JPY struggles around 122.80-resistance- where it meet SMA50 as seen on the provided daily chart. Still, the market remains trendless since the opening of this week, while technical...

The euro drifted lower in early Asian trade as the markets await the outcome of the Eurogroup meeting of Eurozone finance ministers and the EU summit to be held later today. It is thought...

Following the outcome of the referendum, the Greek Prime Minister said Athens was returning to negotiations with the goal to reopen banks, which could run out of cash within days without emergency...

EUR/USDRisk reward: 1.81Volatility: AverageDown at 1.1037 Limit 1.1069 Target 1.0979USD/JPYRisk reward: 1.66Volatility: AverageUp at 122.57 Limit 122.25 Target 123.10 GBP/USDRisk reward:...

Talking PointsRBA Leaves Key Rate Unchanged at 2 percent as Expected Australian Dollar little changed versus its US counterpart Policy Statement Maintains Neutral, Data-Dependent Tone The Australian...

GBP/USDMain scenario:The pair is trading along a downtrend.The downtrend may be expected to continue in case the market drops below support level 1.5530, which will be followed by reaching support...

EUR/USDMain scenario:The pair is trading along a sideways trend.A downtrend will start as soon as the pair drops below support level 1.0970, which will be followed by moving down to support level...

For the 24 hours to 23:00 GMT, the AUD traded a tad higher against the USD to close at 0.7492. LME Copper prices declined 3.32% or $191.5MT to $5570.0/MT. Aluminium prices declined 2.43% or $41.0/MT...

For the 24 hours to 23:00 GMT, the USD rose 0.40% against the CAD to close at 1.2648. On the macro front, Canada’s Ivey PMI slid to a 3-month low of 55.9 in June, after hitting a 19-month high...

For the 24 hours to 23:00 GMT, the USD traded marginally lower against the CHF and closed at 0.9426. The Swiss Franc rose ground, on the back of upbeat CPI data. Data showed that consumer prices in...