Forex Opinion & Analysis

UK BOE Interest Rate Decision will probably be another non-event but considering how the election ended with such a surprising result, we’ll surely see plenty of market attention in...

Fundamental Forecast for Euro: Neutral - The euro run against the US dollar has benefited from the bearish technical nature of the US dollar Index. - Exogenous influences, particularly the unwinding...

The following table lists the key economic data and other events that came out during the week of May 4th through May 8th, with release times displayed for the GMT time zone. The list also indicates...

EUR/USD Open 1.1194 High 1.1276 Low 1.1132 Close 1.1197 On Friday EUR/USD decreased with 95 pips. The European currency depreciated from 1.1276 to 1.1182 yesterday, matching the negative money flow...

Gold for Monday, May 11, 2015To start last week gold enjoyed support at $1180 which allowed it to rally back to $1190 and beyond to resistance at $1200, however it has remained within this range and...

AUD/USD for Monday, May 11, 2015The last couple of weeks has seen the Australian dollar on a roller-coaster ride moving from below 0.78 and up to near 0.81. Earlier last week the Australian dollar...

USD/CHF INTRADAY CHART BIAS: We should see follow-through to 0.9360-67 and later higher but hold below 0.9412Resistance: 0.9323 0.9335-40 0.9360-67 0.9386Support: 0.9278 0.9250 0.9226 0.9194-00MAIN...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting @ 1.1203 – 5 pips from last week at this time. We are looking finish a 3rd wave at the R7 resistance @ 1.1480 and we should...

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the...

Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week which is then followed...

US Dollar net speculator positions fell last week to +$32.25 billion The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on...

The Dollar and Pound are on the cusp of decisive trend developments, but their fundamental drive is not certain. Euro volatility, however, looks inevitable.The US Dollar (Dow Jones FXCM Dollar Index)...

The drop into a final intermediate cycle low has probably been delayed, and the dollar will have one more daily cycle before the final ICL forms at 92 or lower:

Three developments drove the dollar last week. The eurozone bond market sell-off exhausted itself with the help of softer than expected German industrial orders and an outright decline in industrial...