Forex Opinion & Analysis

The overall bias is to the upside with the 4-hour chart showing established peak-and-trough progression higher and the spike higher yesterday, which pushed the exchange clearly above the monthly pivot...

The dollar posted a sharp drop to weekly lows versus most major currencies on Tuesday after the U.S. Commerce Department announced a decrease in factory orders for a sixth straight month, something...

GBP/JPY Daily OutlookDaily Pivots: (S1) 189.50; (P) 190.02; (R1) 190.92; No change in GBP/JPY's outlook. Further rise is still expected as long as 187.78 support intact. Current rally, as part of the...

AUD/USDMarket Scenario 1: Long positions above 0.7840 with target at 0.7908. Market Scenario 2: Short positions below 0.7722 with target at 0.7654. Comment: The pair climbed higher than expected due...

We saw a vicious squeeze across the board in euro, purportedly on the prospects of an imminent deal between Greece and its creditors as well as a higher CPI print. The Financial Times, among others,...

Today’s Binary Options Trading Strategy:• Currency Pair: USD/JPY • Timeframe: H4 (Hourly Chart) • Binary Option Trading Recommendation: Seek binary put options on rallies above...

Yesterday we have seen some sharp move against the USD but for overall direction we have to look at USD index, where we highlighted 96.00 as important level on any deep pullback. We have seen this...

The euro encountered aggressive swings across the currency markets as investors reacted positively both to optimism that a Greece deal is finally in the closing stages of being reached, and the...

EUR/USDThe euro surged against the dollar on Tuesday, posting its largest one-day rally in nearly three months, as uncertainties related to the Greek debt crisis and poor U.S. economic data remained...

The euro held on to Tuesday’s gains this morning as it continued to benefit from stronger-than-expected flash CPI data. Eurozone inflation rose by 0.3% annually, against expectations of 0.2% in...

Talking Points:Euro Looks for Greece Deal Clues at Presser Following ECB Rate Decision British Pound Eyes UK PMI Data to Inform BOE Interest Rate Hike Outlook Australian Dollar Gains as Upbeat GDP...

Good morning. Hope all is well! We seem to have had a bit of a turmoil on our forecast for yesterday with only a 29% accuracy. We did take a mixed stance on the US dollar, hence the unpredictability....

For the 24 hours to 23:00 GMT, the AUD strengthened 2.04% against the USD to close at 0.7767.LME Copper prices rose 0.47% or $28.0/MT to $5998.5/MT. Aluminium prices rose 1.18% or $20.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.92% against the CAD to close at 1.2411.Yesterday, Canada’s Finance Minister, Joe Oliver mentioned that prospects of a recession in the Canadian...