Forex Opinion & Analysis

With Monday being a holiday for most of Western Europe, the markets were fairly quiet. However, the S&P 500 got quite a bit of bullish momentum going, as we tested the 2080 handle. We believe that...

The U.S. dollar weakened broadly early on Monday, as indications that the U.S. economy slowed in the first quarter fuelled expectations that the Fed will delay a hike in interest rates until late...

For the 24 hours to 23:00 GMT, the AUD weakened 0.56% against the USD to close at 0.7596.LME Copper prices declined 0.30% or $18.0/MT to $6001.5/MT. Aluminium prices rose 0.28% or $5.0/MT to...

For the 24 hours to 23:00 GMT, the USD traded a tad lower against the CAD to close at 1.2475.Canada’s seasonally adjusted Ivey PMI unexpectedly fell to a level of 47.9 in March, from a reading...

For the 24 hours to 23:00 GMT, the USD rose 0.80% against the CHF and closed at 0.9586.In the Asian session, at GMT0300, the pair is trading at 0.9562, with the USD trading 0.25% lower from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.51% against the JPY and closed at 119.50.Yesterday, data showed that Japan’s preliminary leading economic index fell less than expected to a...

For the 24 hours to 23:00 GMT, the EUR declined 0.72% against the USD and closed at 1.0931.The greenback gained ground, after the US final Markit services PMI unexpectedly climbed to 59.2, notching...

This week the scorecard recommends buying EUR, NOK and CHF while selling NZD, CAD and JPY. Last week's signals resulted in a 0.1% loss. Especially the long CAD position performed well. However, gains...

Talking Points: Aussie Dollar climbed as much as 1% after RBA rate decision RBA leaves rates unchanged at 2.25% RBA says further easing may be appropriate over period ahead The Australian Dollar...

The currency markets have commenced the week cautiously, with the US Dollar mixed against its trading partners. The reason behind the cautiousness in the currency markets is because traders are trying...

GBP/USD remains in a range and has failed to break above the top of the range at 1.5008. To the upside, any moves higher would find resistance at 1.5163 (March 18 high) and then at 1.5236 (23.6%...

EUR/USD Open 1.0928 High 1.1036 Low 1.0908 Close 1.0919 On Monday Euro/Dollar decreased with 125 pips. The European currency depreciated from 1.1036 to 1.0908 yesterday, matching the negative money...

Good morning. Hope all is well! We seem to have had a good forecast for yesterday with a 71% accuracy. On some pairs initially markets did behave as we predicted from our supply/demand zones, however...

EURUSD – Sells Off From Key Resistance (4hr chart) We’ve been talking about being bearish price action and potentially selling near the key resistance and FOMC spike highs for a few days...