Forex Opinion & Analysis

It has been a quiet morning in regards to North American markets as the economic calendar was mostly blasé thanks to no US news being released and only the Bank of Canada’s non-action...

AUD/CHFCurrently we are at 0.7337 and out of the wedge. We are looking for a continuation to the Fibo extension area at 0.7244. The average daily true range (ATR) for the pair currently is 95 pips

USD/JPY Open 122.98 High 123.75 Low 121.52 Close 123.05 On Tuesday, dollar/yen increased strongly with 180 pips. The currency couple appreciated from 121.52 to 123.33 yesterday, matching the positive...

After breaking out of its triangle USD/JPY has followed through to the upside, reaching new highs of 123.68. It will probably move higher still, with estimates placing the target for the breakout at...

The pair GBP/USD continues to decline. Yesterday, the price of the British currency fell to the level of 1.5353. Downtrend was caused by overall strengthening in the USD. Last Friday, the head of the...

Market playing rate divergence catch up with yen Yen outright could be the next dollar strength barometer Fixed income need to reprice the front end for Fed Euro periphery contagion fears muted for...

The EUR/USD pair has stalled in its mini downtrend, and is pulling-back from new monthly lows established at 1.0862, which is the level of the 61.8% Fibonacci line of the previous rally. The very...

Market Commentary Upbeat data from the US bolstered the case for a US interest rate hike this year, further supporting USD strength. Without any catalyst this morning, EUR/USD trades towards the...

Following a batch of positive economic reports from the U.S. the dollar surged to new highs against most major currencies yesterday, as the possibility for a U.S. rate hike continues to be supported....

EUR/USDCurrent level - 1.0905 The downtrend here is intact, targeting 1.0784 support zone. Initial intraday resistance lies at 1.0960, followed by the crucial area at...

AUD/USDMarket Scenario 1: Long positions above 0.7766 with target at 0.7807. Market Scenario 2: Short positions below 0.7766 with target at 0.7694. Comment: The pair is expected to fall lower towards...

Currency MarketsThe Dollar bulls are continuing to enjoy momentum and drive the Greenback higher following Janet Yellen reigniting buying interest after she recently repeated the Federal...

The US data yesterday took a sudden turn for the better as the March durable goods orders slightly beat expectations, and the February data was adjusted +0.8% higher. The core capital goods orders...