Forex Opinion & Analysis

Dollar retreated yesterday on profit taking after the dollar index hit 100 psychological level. Such move was then followed by strong rebound in equities. Dow Jones 30 closed 259.83 pts, or 1.47%...

On a technical basis, there is no doubt that the bears have the upper hand in EUR/USD. The pair has consistently put in lower lows and lower highs since peaking at 1.40 back in May of last year, and...

Today’s Binary Options Trading Strategy: Currency Pair: USD/CAD Timeframe: H4 (Hourly Chart) Binary Option Trading Recommendation: Seek binary put options on rallies above 1.2700 Downside...

Talking Points: USD/JPY Technical Strategy: Flat Support: 120.82, 119.80, 117.17 Resistance: 121.91, 123.88, 125.84 The US dollar is treading water against the Japanese yen near December’s...

Talking Points: US Dollar Technical Strategy: Support: 11965, 11854, 11737 Resistance:12107, 12221, 12335 The Dow Jones FXCM US dollar Index may correct lower after producing a bearish Dark...

Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0408, 1.0060, 0.9713 Resistance:1.0796, 1.0983, 1.1286 The Euro may turn be preparing to higher against the US Dollar after prices...

Talking Points: AUD/USD Technical Strategy: Short at 0.7735 Support: 0.7656, 0.7577, 0.7498 Resistance:0.7777, 0.7814, 0.7912 The Australian Dollar launched a recovery against its US namesake...

EUR/USDThe euro appreciated slightly against the U.S. dollar on Thursday, halting one of the steepest, most rapid slides after data revealed the unexpected decline in U.S. retail sales. Euro gained...

For the 24 hours to 23:00 GMT, the AUD strengthened 1.26% against the USD to close at 0.7701.LME Copper prices rose 1.37% or $79.5/MT to $5865.5/MT. Aluminum prices declined 0.68% or $12.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.63% against the CHF and closed at 1.0028.In the Asian session, at GMT0400, the pair is trading at 1.0051, with the USD trading 0.23% higher from...

For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CAD to close at 1.2690, following weak advance retail sales data for February in the US.On the macro front, the new housing price...

For the 24 hours to 23:00 GMT, the USD weakened 0.06% against the JPY and closed at 121.36, following an unexpected decline in the US advance retail sales in February.In the Asian session, at GMT0400,...

For the 24 hours to 23:00 GMT, the EUR rose 0.71% against the USD and closed at 1.0626, on the back of positive CPI data in Germany.Data showed that consumer prices in Germany rose 0.9% on a monthly...

Good morning. Hope all is well. We seem to have had a modest forecast for yesterday with a 71% accuracy on our predictions. As we had expected the Japanese Yen had weakened through the day. US Dollar...