Forex Opinion & Analysis

Market BriefThe first quarter was definitely disappointing as retail sales came in lower than expected for the third month in a row, even though it was the biggest raise in a year. The change in sales...

KEY DATA RELEASES TODAY (BST) :12:45 EUR Minimum Bid Rate 0.05% v 0.05% 13:30 USD Empire State Manufacturing Index 7.2 v 6.9 13:30 EUR ECB Press Conference 14:15 USD Industrial Production m/m -0.3% v...

EUR/USD - Technical Report Fluctuation remains very strong on the pair, as prices have soared yesterday towards 61.8% Fibonacci as seen on the provided daily chart; however, the pair has moved...

GBP/USD Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue in case the market rises above resistance level 1.4800, which will be followed by reaching resistance...

EUR/USD Main scenario:The pair is trading along a sideways trend.An uptrend will start as soon, as the pair rises above resistance level 1.0660, which will be followed by moving up to resistance level...

The daily chart of the EUR/JPY pair prove that, market has been dominated by bears after they succeeded in drawing a descending channel over short-term basis.The recent recovery has been capped below...

The dollar moved lower against most major currencies on Tuesday, after the release of weak retail sales data in the U.S that renewed concerns over the strength of the economy, and increased...

Taken PositionsGBP/USD: short at 1.4730, target 1.4500, stop-loss 1.4845, risk factor *EUR/JPY: short at 127.20, target 125.00, stop-loss moved to 127.20, risk factor ***EUR/CAD: short at 1.3370,...

Talking Points: US Dollar Rebounds, Aussie Dollar Drops on RBA Rate Cut Bets Overnight Euro May Rise if ECB President Draghi Hints QE Program Can Be Cut Short The US dollar outperformed in...

EUR/USD The euro slips from fresh recovery high at 1.0706, where yesterday’s strong rally stalled on approach to pivotal barriers at 1.0711/16, former low of 31 Mar / Fibonacci 38.2%...

EUR/USDThe euro rallied against the broadly weaker dollar on Tuesday, rebounding from one-month lows after U.S. data on retail sales fell short of market expectations. The Commerce Department reported...

EUR/USDRisk reward: 2.78Volatility: HighUp at 1.0616 Limit 1.0584 Target 1.0705USD/JPYRisk reward: 1.88Volatility: AverageDown at 119.75 Limit 120.07 Target 119.15GBP/USDRisk reward: 2.09Volatility:...

EUR/USD Daily Analysis: EUR/USD appears to be bottoming out above 1.05 and has just formed a potential bullish flag pattern on the 4h charts, with a break above 1.0730 needed to confirm the pattern....