Forex Opinion & Analysis

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...

For the 24 hours to 23:00 GMT, the USD strengthened 0.21% against the JPY and closed at 122.61. In economic news, the preliminary leading economic index in Japan fell to 106.20 in May, in line with...

For the 24 hours to 23:00 GMT, the EUR rose 0.30% against the USD and closed at 1.1056, as uncertainty remained over Greece’s future in the Euro-zone. Yesterday, the German Chancellor, Angela...

AUD/USD – Tuesday 7 July 2015The Australian dollar hasn’t had its best week falling sharply from above the key 0.77 level to a new six year low below 0.75. The AUD/USD is presently trading...

EUR/USD Open 1.1053 High 1.1097 Low 1.1000 Close 1.1052On Monday euro/dollar decreased with 95 pips. The European currency depreciated from 1.1097 to 1.1000 yesterday, matching the negative money flow...

After the Greeks voted ‘No’ on accepting the Troika’s bailout proposal, euro gapped down at the opening, in seeming weakness. But lower prices meant it’s now a currency more...

USD/CAD:Rally from wave (X) low at 1.212 is unfolding in triple corrective structure WXYZ where wave W ended at 1.2423, wave X ended at 1.23, wave Y ended at 1.263, and second wave X ended at 1.2537....

Minister No More:The big news overnight out of Europe was the resignation of Greek Finance Minister Yanis Varoufakis. You can read a short statement posted on his personal blog aptly titled Minister...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Greece Votes No. Time to Buy or Sell Euros? Dollar: How the Greek Crisis Affects America AUD: RBA vs. China CAD Hit Hard by...

In last week’s EM Rundown we explored, which EM currencies were most vulnerable to a potential Grexit. And while a Greek exit from the Eurozone looks more likely than ever, there is a much...