Forex Opinion & Analysis

For a second straight trading day the European markets were taking a day off as the Easter celebration stretched out on both sides of the weekend. But US markets came back to the table today and began...

In contrast with preceding weeks, when central banks stole the show, last week was notable for the release of numerous economic indicators in the U.S. and Canada. The Canadian dollar continued to be...

Markets were a bit slow getting out of the blocks Monday morning, hindered by the fact that Asian and European markets were still out on holiday, but trading activity will no doubt pick up Tuesday....

Last Friday the major currencies including the pound strengthened significantly against the USD amid negative Non-Farm Payrolls data. The number of people employed in non-agricultural sectors of the...

European banks are still out on holiday today, but most major markets are open and today’s reaction to Friday’s disappointing US jobs report shows that the market is pricing in a lower...

European banks are still out on holiday today, but most major markets are open and today’s reaction to Friday’s disappointing US jobs report shows that the market is pricing in a lower...

AUD/CHFCurrently we are at 0.7256 in a descending wedge which is bearish. We are looking for a continuation to the S6 support area @ 0.7137 with an overall target @ 0.7047. The average daily true...

EUR/USD is showing a confluence at 1.0920-1.0930 zoneEUR/USD broke through 1.0930 resistance on Friday without any substantial retest on bad NFP results. EUR/USD has made another swing to the upside...

The GBP/USD pair is moving in a sideway pattern on a 30 minute time frame. The price is trading above its 50 day (shown in yellow) and the 100 day (shown in red) moving averages which means that the...

*All the charts are 30M charts with daily pivot points.AUD/USD Market Scenario 1: Long positions above 0.7632 with target @ 0.7694. Market Scenario 2: Short positions below 0.7632 with target @...

EUR/USDCurrent level - 1.0973 The uptrend from 1.0712 low broke through 1.0900 hurdle, reaching a local top just below 1.1050 resistance area. Although there is an intraday risk of a corrective phase,...

The dollar fell against most major currencies on Friday as weakness in the rest of the economy finally caught up with the job market last month. The Labor Department showed that the U.S. economy added...

EUR/USD rallied sharply on Friday to 1.1026 from 1.0876 on the back of weak US nonfarm payrolls. The pair is now consolidating these gains. The intraday bias remains neutral as the pair has been...

EUR/USD Daily Pivots R3 - 1.1205 R2 - 1.1115 R1 - 1.1041 Pivot - 1.0952 S1 - 1.0878 S2 - 1.0789 S3 - 1.0715 EUR/USD broke through the highs of 1.09046 to rally towards 1.10185 before showing signs of...