Forex Opinion & Analysis

AUD/USD is hovering at a 5 ½ year of 0.7718 hit on January 29. The pair paused it downtrend that begun from 0.9400. The market is now at oversold levels as shown by the RSI which is below 30....

EUR/USD The euro trades in near-term directionless mode, with near-term action moving in narrowing range, after recovery rejection at 1.1421 and subsequent easing being contained at 1.1260, 50% of...

A minor Friday downside probe after the midweek plunge to a new setback low, down from the trend line from mid-January and chart barriers at .7525/30, The push below our next key target, .7371, the...

EURUSD – 1st Role Reversal Level Holding, Potential Breakdown (4hr chart) After spending the last 3 days trying to penetrate the offers just below 1.14, the Euro failed to make similar highs,...

Euro ended January generally lower as dragged by firstly by SNB's removal of the EUR/CHF floor, then by ECB's massive quantitative easing program. Nonetheless, the common currency was overwhelmed by...

EUR/USDThe euro erased gains against the U.S. dollar on Friday, despite tepid U.S. economic reports as earlier data from the eurozone failed to boost confidence in the bloc's economic recovery. In a...

On Friday, the USD rose 0.55% against the CAD to close at 1.2689. The Canadian Dollar came under pressure, after Canada’s GDP unexpectedly contracted 0.2% on a monthly basis in November, posting...

On Friday, the USD declined 0.49% against the CHF and closed at 0.9180, after the US annualised GDP expanded less than expected in 4Q 2014.In economic news, Switzerland’s KOF leading indicator...

On Friday, GBP marginally declined 0.09% against the USD and closed at 1.5058, following disappointing consumer credit data in the UK.Consumer credit in the UK advanced less than expected to...

On Friday, the EUR declined 0.31% against the USD and closed at 1.1293, following downbeat inflation data in the Euro-zone.The Euro-zone’s CPI fell more than expected 0.6% on a YoY basis in...

US NFP is expected to be around 231K, and with the Feds’ use of “patience” in their monetary policy, it’s going to take a huge surprise for the market to change its sentiment,...

We´ll be getting the Canadian Employment Change release number today and since it is being release along with the US Nonfarm Payroll report, I’d recommend focusing more on the US data...

UK BOE Interest Rate Decision will probably be another non-event especially considering last MPC minutes’s unanimous vote counts for both interest rates and asset purchasing target. At any rate,...

AU Retail Sales release today is usually a highly tradable report out of Australia. A strong release should add plenty of support to the AUD and a weak release could add to the decline of AUD. Follow...